Demand at South Africa’s weekly bond auction fell after the country raised issuance to a record, partly to fund the rescue of troubled state-owned company Eskom Holdings SOC Ltd. Meanwhile, Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months. Amo Mbatha reports on "Bloomberg Daybreak: Middle East."
Ghana’s Finance Minister Ken Ofori-Atta has declared a state of emergency in the country’s energy sector, stressing that the sector is facing serious challenges. Ofori-Atta noted that at the heart of the challenges is the take-or-pay contract signed by the National Democratic Congress (NDC). Paa Kwasi Anamua Sakyi, Executive Director of Institute for Energy Security joins CNBC Africa for more.
Luxembourg Finance Minister Pierre Gramegna discusses the goals of the AIIB meeting, growth in the Eurozone, the global manufacturing cycle, the next IMF chief and Fed policy. He speaks on “Bloomberg Daybreak: Europe” on the sidelines of the AIIB annual meeting in Luxembourg.