South Africa will extend more support to the beleaguered state-owned power utility and is considering selling assets as part of a 14-point plan to revive an economy that’s in its second recession in almost a decade, Bloomberg News reported. The country will approach the energy regulator this month about the “hardship” Eskom Holdings SOC Ltd. is dealing with, and will develop a case for “soft support” of the electricity producer until its new tariffs are finalized next year, Finance Minister Malusi Gigaba told reporters in Johannesburg Thursday.

Chad is seeking to delay repayment of more than $1 billion of Glencore Plc-led oil-for-cash loans after crude prices plunged, the second time the African country has looked to restructure the debt in two years, according to people familiar with the matter. Glencore has approached the banks that supported the deal to start talks, while Chad has already appointed financial and legal advisers for the discussions, the people said, asking not to be named because the matter is private, Bloomberg News reported.

Nigeria's central bank and its telecoms industry regulator have intervened to save the country's fourth largest telecoms firm from collapse after talks with local banks to renegotiate a $1.2 billion loan failed, a regulatory source said on Tuesday. Etisalat Nigeria is the biggest foreign-owned victim of dollar shortages plaguing the country due to lower oil prices and economic recession, leaving the company struggling to make repayments to lenders and suppliers, Reuters reported.

The head of the three Mozambican state-owned companies at the center of an audit into their previously undisclosed debts was defiant after the probe criticized his leadership, Bloomberg News reported. Antonio do Rosario, in a letter seen by Bloomberg that he authenticated, said Kroll LLC auditors personally attacked him in the report that was published on June 24.

A group of key Mozambique bondholders laid down terms to the embattled government ahead of restructuring talks, calling on it to revoke guarantees on loans taken on by two state-owned companies, Bloomberg News reported. The southern African nation, which defaulted on its only Eurobond in January, should also liquidate the two firms -- ProIndicus and Mozambique Asset Management -- as well as a third, the tuna-fishing company known as Ematum, the so-called Global Group of Mozambique Bondholders said.

The International Monetary Fund had suspicions about Mozambique’s hidden loans almost a year before the government finally admitted it had undisclosed debt, email exchanges between the fund and the government show. The communications, seen by Bloomberg and confirmed by the IMF, show for the first time how the fund sought to uncover the state’s concealment of its borrowings as far back as May 2015, Bloomberg News reported. The government’s eventual disclosure in April 2016 of more than $1 billion of previously hidden loans led the fund and 14 donor countries to freeze aid last year.

Kenya's central bank said on Friday it planned to extend the receivership of Imperial Bank by a year to help finalise a deal with a strategic investor to take a stake in the bank, Reuters reported. The regulator also said it had granted a licence to a new locally owned bank, Mayfair Bank Limited, the second such licence since 2015, when it imposed a moratorium on approving new lenders.

Mozambican state companies have failed to account for about a quarter of the proceeds of $2 billion in loans being investigated, according to a report by Kroll LLC that creditors said was needed for debt restructuring talks to start, Bloomberg News reported. “At least $500 million of expenditure of a potentially sensitive nature remains unaudited and unexplained,” Kroll said in the report, commissioned last year by Mozambique’s attorney general. Credit Suisse Group AG and VTB Bank PJSC were paid almost $200 million in fees for arranging the loans, the New York-based investigator said.

Kenya’s government agreed to swap loans it provided to Kenya Airways Ltd. for equity, a conversion that may give the state a controlling stake in the national carrier, Treasury Secretary Henry Rotich said. The government will also guarantee 77 billion shillings ($745 million) of the airline’s debt to lessors and domestic banks, enabling Kenya Airways to extend its loan repayments to 10 years, Rotich told reporters Tuesday in the capital, Nairobi, Bloomberg News reported. The government has yet to decide what amount of loans it will swap, he said.

A state-run company in Mozambique skipped $134 million in payments on a government-guaranteed loan, the third time this year the southern African nation failed to meet its obligations as a standoff with creditors blocks debt restructuring talks, Bloomberg News reported. Mozambique Asset Management, one of three state-owned companies that took out undisclosed loans worth about $2 billion, failed to make the payment due May 23, Rogerio Nkomo, a spokesman for the Finance Ministry, said by phone.