Convergence Partners Investments Ltd., a South African private-equity company focused on technology, plans to invest part of its $250 million fund for telecommunications infrastructure in Nigeria and West Africa.
Vanoil Energy Ltd. is discussing with the Rwandan government the option of allowing other companies to help explore the country’s East Kivu Graben Basin as they seek to end a dispute over exploration rights.
Tanzania plans to obtain a credit rating by the end of this year, after repeated delays, before raising $750 million in a debut Eurobond sale in 2014, Finance Ministry Permanent Secretary Servacius Likwelile said.
U.S. benchmark stock indexes extended records, while silver and gold rallied as Federal Reserve chairman nominee Janet Yellen said she wants to maintain monetary stimulus until the economy improves. The yen and euro weakened as reports showed slowing economic growth.