When Nelson Mandela stepped down as South Africa’s president after serving a single term, he bucked a trend set by dozens of post-independence African leaders who clung to power.
India, the world’s third-largest coal user, imported 13.3 million tons of the fuel in October, shipping data show.
Gabon issued $1.5 billion of dollar bonds as part of an exchange and buyback of existing debt, adding to record issuance by African nations from Nigeria to Rwanda this year.
Brazil’s development bank BNDES will open its third international location tomorrow to help drum up business for Brazilian companies in Africa beyond the Portuguese-speaking countries.
Spar Group Ltd., a South African food and liquor retailer, will open its first store in Angola on Dec. 10, working with a local partner, Finance Director Mark Godfrey said.
Ecobank Transnational Inc., the most geographically diverse lender in Africa, said it will probably seek banking licenses in two more Portuguese-speaking countries on the continent next year.
Shinzo Abe owes Xi Jinping a debt of gratitude.
Vale SA reduced its investment budget for a third straight year as the world’s largest iron-ore miner focuses on boosting returns at existing operations.
PTT Exploration & Production Pcl, Thailand’s biggest publicly listed oil and natural gas explorer, and PT Pertamina agreed to buy Hess Corp.’s Indonesian assets for $1.3 billion.
Namibia will lead an investigation into the Nov. 29 crash of a LAM Mozambique Airlines plane in a game park, killing all 27 passengers and six crew members.