Namibia News
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Updated 1 hour, 58 minutes ago
Rodolfo Landim, who in 2007 helped Eike Batista set up an oil business before falling out with the billionaire, is competing with his ex-boss to extract crude and gas from northeastern Brazil.
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The Ibovespa equity benchmark rose to a two-week high as Centrais Eletricas Brasileiras SA led gains by Brazilian electrical utilities amid speculation that recent losses may have been excessive.
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Most Brazilian stocks dropped as a report forecast to show that job growth stalled last month added to concern that the recovery in Latin America’s biggest economy is faltering.
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HRT Participacoes em Petroleo SA tumbled to a record low in Sao Paulo after the oil and gas explorer abandoned wells in Brazil and Namibia.
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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.
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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.
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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.
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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.
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When Nigerian soldiers in pursuit of Islamist militants reached the northeastern town of Baga, fish trader Mohammed Adawu had no time to save his sick 72-year-old father.
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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.
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