Anil Agarwal, the Indian billionaire owner of Vedanta Resources Ltd., said mining companies are likely to stop operating in Zambia as a result of a state-owned firm seeking to liquidate his copper-mining business there, Bloomberg News reported. Agarwal’s warning, published in a government newspaper on Wednesday as a “personal message” to citizens of Africa’s second-biggest copper producer, comes as his company is trying to meet with President Edgar Lungu over state-owned ZCCM Investments Holdings Plc’s move this month to wind up Konkola Copper Mines Plc.

Kenya’s headroom for new borrowing has shrunk since it tapped the Eurobond market this month and it is time for the country to begin reorganising its debt, central bank governor Patrick Njoroge said on Tuesday, Reuters reported. Njoroge, whose term is due to end next month, told reporters that the $2.1 billion Eurobond issuance in mid-May allowed Kenya to refinance some of its existing loans and “hopefully (give) us more room to expand the economy” and increase export capacity.

Eskom Holdings SOC Ltd.’s 96-year history is replete with former chief executive officers who rose from within South Africa’s debt-laden state utility to run the company, Bloomberg News reported. There are few obvious choices for the next CEO to come from those same ranks. Two possible candidates from Eskom’s executive team to replace Phakamani Hadebe have strengths but also weaknesses. Chief Financial Officer Calib Cassim is a chartered accountant who’s worked at Eskom for 17 years, yet he has little technical expertise.

South Africa’s banking industry would be able to withstand a default by Eskom Holdings SOC Ltd. but the impact on pension funds is a concern for the central bank, Governor Lesetja Kganyago said. The power utility is laden with about $35 billion of debt, roughly equally divided into bonds and loans, according to data compiled by Bloomberg from public records, and is struggling to meet demand for electricity from aging and unreliable plants, Bloomberg News reported.

Steinhoff International Holdings NV’s legal woes deepened as a Frankfurt court received 10 suits to be included in a mass German investor case against the embattled global retailer, Bloomberg News reported. That’s on top of 6.2 billion euros ($6.9 billion) of claims highlighted by Steinhoff in its annual report earlier this month. The owner of Conforama in France and Mattress Firm in the U.S. has called for potential claimants to come forward, seemingly opening the door for negotiated settlements with those who lost money from the company’s late 2017 share-price crash.

Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its license, the mining ministry said on Thursday, Reuters reported. Zambian President Edgar Lungu said on Monday the government planned to strip KCM of its mining license and bring in a new investor. His spokesman said the move followed a number of breaches of the terms of the license, without giving details.

Advisers to Congo Republic’s government have warned it that there is a “major risk” the International Monetary Fund (IMF) will reject its bid for a long-sought bailout, according to a letter obtained by Reuters. Negotiations for an IMF programme have dragged on since 2017, with the IMF’s executive board demanding the central African oil producer ensure the sustainability of its debt, most of which is owed to China and oil traders, Reuters reported. At the end of its most recent mission to Congo this month, an IMF team said it was finally ready to support a three-year credit facility.

The assets of Kenya’s ARM Cement have been sold to the National Cement Company for $50 million, its administrator said on Tuesday, Reuters reported. ARM Cement was put under administration last August by some of its creditors over a $190 million debt and its shares were suspended from the Nairobi bourse. It has debts with a range of creditors, including local commercial banks. The transaction, which applies to ARM Cement’s Kenyan assets only, is subject to regulatory approvals, the statement from the administrator said.

Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator, Reuters reported. The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues, which they say will discourage investment the region desperately needs.

Congo Republic’s senate on Monday voted to restructure some of its debt with China, a move that the International Monetary Fund has said was necessary to unlock financial support, the finance ministry said. Negotiations over a bailout for the oil-dependant economy have dragged on since 2017, as Congolese authorities failed to convince the IMF they were doing enough to control the national debt or tackle corruption, Reuters reported.