Barloworld Ltd., a supplier of construction equipment to Sasol Ltd. and BHP Billiton Plc in South Africa, said the weak rand is positive for the company because it has a number of dollar-based overseas contracts.
Graham Soko, a shopkeeper whose business straddles the railway line south of Lusaka station in Zambia’s capital, says he’s hoping to reap profits from the government’s plans to rejuvenate the dilapidated railway system.
HRT Participacoes em Petroleo SA, the Brazilian oil and natural gas explorer focused mainly on the Amazon and Namibia, dropped the most in eight months after its founder and chief executive officer resigned.
The U.S. is concerned that Nigerian security forces may be using excessive force, including extra- judicial killings, as they fight Boko Haram militants in the north, the embassy in the capital, Abuja, said.
HRT Participacoes em Petroleo SA is expecting results this week from a well off Namibia’s Skeleton Coast that may revive interest in oil exploration after two failures last year in the southwest African nation.