Steinhoff raises stakes in battle for Darty with $1.2 bln counter bid

Steinhoff raises stakes in battle for Darty with $1.2 bln counter...

Steinhoff's new offer is the latest twist in a wrestling match with Fnac after initially showing up in March with a 673 million pounds offer
Mozambique's dangerous game of "cat and mouse" is entering a critical phase

Investors want answers from Mozambique, banks over loan mystery

The revelations have rocked the relationship between one of the world's poorest countries and the International Monetary Fund (IMF), which last year agreed to lend Mozambique $286 million to cushion its economy following deep declines in commodity prices and the value of the metical currency.
IMF sees Ivory Coast economy growing 7.9% in 2015

Zambia's planned IMF package dulls impact of Moody's downgrade

Moody's downgraded the Southern African nation's long-term issuer rating to B3 from B2 late on Tuesday and changed the outlook to negative from stable, due to anticipated fiscal slippages in 2016 and prospects of further debt deterioration.