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STORY: Here's what's been making the business headlines in sub-Saharan Africa this week.

1. A group of foreign holders of Ethiopia's $1 billion international bond said on Wednesday (August 14) it was disappointed with recent government comments regarding a possible 20% principal haircut on their holdings.

The comments set the stage for tense restructuring negotiations in the wake of Ethiopia defaulting on its sole international bond in December. The government did not respond to a request for comment.

2. Nigerian army troops have destroyed at least 27 illicit refining sites and seized around 100,000 liters of stolen crude following raids this week, an army spokesperson said.

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Nigeria's government finances have been crippled by large-scale oil theft and the sabotage of pipelines that have hobbled output in Africa's top energy producer.

3. Kenya's Mobius Motors said on Thursday (August 15) that it had accepted a takeover bid from an unidentified buyer.

The company, which makes low-priced SUVs designed for Africa's sometimes poor quality roads, has attracted a lot of interest since announcing earlier this month that it would wind-down voluntarily.

4. Botswana's mines minister has said it intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp.

The world's biggest diamond producer by value wants to double the size of its shareholding at no extra cost following a downturn in the diamond market.

5. And finally, the global vaccine group Gavi has up to $500m to spend on getting shots to countries affected by an escalating mpox outbreak in Africa, its chief executive said.

Gavi, which helps countries with fewer resources buy and deploy vaccines, is in early talks with the manufacturers of two mpox vaccines that are widely used, Sania Nishtar said, but would need approval from the World Health Organisation before placing official orders.