LISBON (Reuters) - Angola on Wednesday launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets, funnelling the African country's vast oil wealth into infrastructure, hotels and other high-growth projects.
CAPE TOWN, Oct 17 (Reuters) - South African national oil
company PetroSA has concluded a deal to buy oil and gas assets
in Ghana, a senior official said on Wednesday, giving it access
to crude from the huge Jubilee Field.
The following company announcements, scheduled economic indicators, debt and currency market
moves and political events may affect African markets on Wednesday.
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KENYA - The central bank of Kenya auctions 182-day
Asian shares rose to their highest in over five
months on Wednesday as strong U.S. earnings
reports lifted investor mood, while the euro hit a
one-month high against the dollar as Spain
retained an investment-grade debt rat
WASHINGTON (Reuters) - In the defining moment of a testy debate, President Barack Obama lashed into Mitt Romney on Tuesday over the Republican's criticism of his handling of a deadly attack on the U.S. diplomatic mission in Libya and sought to cast him as unfit to become commander-in-chief.
JUBA (Reuters) - South Sudan's parliament ratified a border and oil deal with Sudan on Tuesday intended to settle issues that brought the countries close to resuming their two-decade civil war and allow the South to revive its vital crude oil exports.
CHICAGO (Reuters) - Chelsea Clinton is taking on the discomforting issue of diarrhea, throwing her family's philanthropic heft behind a sweeping effort in Nigeria to prevent the deaths of 1 million mothers and children each year from preventable causes, including 100,000 deaths from diarrhea.
KHARTOUM (Reuters) - More than 600 people have been killed in insurgencies that erupted in two Sudanese states bordering South Sudan last year, Sudan's interior minister said on Tuesday in the first official count.
UNITED NATIONS (Reuters) - Rwanda's defense minister is commanding a rebellion in eastern Democratic Republic of Congo that is being armed by Rwanda and Uganda, both of which sent troops to aid the insurgency in a deadly attack on U.N. peacekeepers, according to a U.N. report.
NEW YORK (Reuters) - Ivory Coast, currently in arrears with bondholders over a $2.3 billion Eurobond, said in a statement dated October 15 that it wants to meet with investors to discuss missed interest payments.
TRIPOLI (Reuters) - New evidence implicates Libyan militias in an apparent execution of dozens of detainees in rebel custody following the capture and death of Muammar Gaddafi last year, Human Rights Watch said.
MOMBASA, Kenya (Reuters) - At least 10 Kenyan police officers were injured when two grenades were hurled at them by suspected al Shabaab sympathisers during a police operation at the country's Coast province in the early hours of Wednesday, police said.
LONDON, Oct 16 (Reuters) - West African crude oil
differentials came under pressure on Tuesday as news emerged of
a bigger loading programme for Angolan cargoes in December and
as November cargoes continued to depress Nigerian values.
Angolan oil exports will rise by more than 4 percent in
December to their highest since August at around 1.74 million
barrels per day (bpd) as the West African producer's oilfields
return to full production after maintenance.
Up to 15 cargoes of Nigerian c
JOHANNESBURG, Oct 16 (Reuters) - The following is a
selection of domestic debt auctions expected from frontier
African governments this week. Amounts listed in local
INSTRUMENT AUCTION DATE AMOUNT (mln)
91- & 182-day 19/10/12 350
T-bills; 1- &
($1 = 1.9 cedi)
INSTRUMENT AUCTION DATE AMOUNT (mln)
182-day T-bill 17/10/12 4,000
ACCRA, Oct 16 (Reuters) - Ghana dairy products-maker Fan
Milk said on Tuesday that its net profit for the first
nine months to September rose 62 percent to 20.577 million cedis
($10.91 million), up from 12.695 million cedis for the same
period in 2011.
CAIRO (Reuters) - Egypt's former ruling generals will be investigated by a civilian judge who is examining accusations they are responsible for the deaths of activists killed in protests during the army's stewardship of the country.
JOHANNESBURG (Reuters) - A plunge in Iran's currency could slice 5 percent or more off MTN Group's full-year earnings, the latest setback for the South African mobile operator over its money-spinning business in the Middle Eastern country.
JOHANNESBURG (Reuters) - One of South Africa's foremost hip hop musicians was convicted on Tuesday of murdering four school children while street racing, drunk and on drugs, through Soweto, bringing an end to a trial that has gripped the country for more than two years.