Sub-Saharan African nations outside South Africa are selling $7 billion of debt this year, more than in the past five years combined, as yields more than double those of Treasuries lure investors repelled in the past by violence and corruption.
Braskem SA, Latin America’s largest petrochemicals maker, rose to a two-year high as Citigroup Inc. and JPMorgan Chase & Co. recommended buying the stock after the government cut taxes for the industry.
Angola, Africa’s second-biggest oil producer, expects its stock exchange to have a market value of 10 percent of gross domestic product within 18 months of its startup, making it at least the continent’s sixth biggest.
The U.S. held host Mexico to a 0-0 tie in qualifying for next year’s soccer World Cup after Panama beat Honduras 2-0 and Costa Rica defeated Jamaica by the same score in other group games in the region.
Angolans cast their ballots in the first election to choose a president in two decades with a booming oil economy and a divided opposition expected to help Jose Eduardo dos Santos extend his 32-year rule.