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Mozambique has displaced Senegal from the lowest credit standing among African sovereigns, with debt spreads widening amid pressure from global energy costs. The shift reflects deteriorating fiscal conditions and rising borrowing costs, though specific metrics and timeline details are limited in this report.
Nigeria's National Assembly has approved President Tinubu's $6 billion external loan request, with funding from the UAE and UK designated for budget implementation, infrastructure, and refinancing high-cost domestic/external debt. The approval occurs concurrent with a 2026 budget revision to 68.30 trillion naira ($49.38 billion), representing upward adjustment from December 2025 submission. The move reflects Nigeria's continued reliance on external financing amid fiscal pressures and existing debt servicing burdens.