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

1. Nervous investors are avoiding long-dated Kenyan Treasury bills and bonds, central bank data has shown.

That puts even more strain on government plans to pivot to domestic borrowing after scrapping controversial tax hikes that sparked widespread protests.

Investors offered to buy just a third of what the central bank offered in Treasury bills during the week of June 24, when the turmoil erupted, while subscription rates for that week's bond auction were just 2.4%.

Before the protests, the subscription rate for Treasury bills was 94.7%, while bonds were oversubscribed.

2. Africa's biggest telecoms operator, MTN group, on Wednesday said it will swing to a half year loss - hit by the devaluation of the Nigerian naira and operation challenges in Sudan.

MTN said it expects headline earnings per share to slump to a loss of between 217 cents and 271 cents in the six months to June 30 from a profit of 542 cents a year earlier.

3. Also in South Africa, the tax authority has said importers of low-value parcels destined for the country will soon pay value added tax.

That's an interim measure to protect a clothing industry facing fierce competition from the likes of e-commerce players such as China's Shein.

4. China's CMOC and other miners have applied for copper from Democratic Republic of Congo - the world's second biggest producer - to be registered for delivery against London Metal Exchange contracts, four sources with knowledge of the matter said.

For producers, LME brand status opens up financing opportunities in an oversupplied market.

5. And finally, a former Mozambique finance minister was convicted on Thursday (August 8) on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop his country's fishing industry.

Manuel Chang was found guilty of conspiracy to commit wire fraud and conspiracy to commit money laundering in the so-called "tuna bonds" case. He plans to appeal the verdict, his lawyer said.