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Sunday, 19th January 2020
9:15:09pm

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Brazil's Petrobras closes $1.5 bln deal to sell stake in African joint venture

Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some Nigerian oil assets.

Petrobras, as the company is known locally, said in a filing that it had sold the PO&GBV stake for just under…

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Angola holds off on chasing dos Santos' assets abroad - prosecution

Angolan courts have refrained from action to seize billionaire ex-first daughter Isabel Dos Santos’ assets abroad but will not hesitate to do so if necessary, a prosecution spokesman said.

The comments appear to de-escalate Angolan authorities’ row with dos Santos by indicating her foreign business interests are not in their crosshairs for now.

Angola…

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France, West Africa to unite forces in fight against Islamist militants

France and five West African states agreed on Monday to combine their military forces under one command structure to fight a growing Islamist militancy in the Sahel region, with Paris committing an extra 220 troops.

French President Emmanuel Macron had called the leaders of Mali, Burkina Faso, Chad, Niger and Mauritania, known as the G5, to the…

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Libyan rivals, cajoled by Putin and Erdogan, to hold Moscow peace talks

Libya’s warring leaders were due to hold peace talks in Moscow on Monday with Russia and Turkey urging the rivals to sign a binding truce to end a nine-month-old war and pave the way for a settlement that would stabilise the North African country.

The Russo-Turkish push, which brings together the Libyan leaders for the first time in almost a year,…

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South Africa will embrace private power generation, Ramaphosa says

South Africa will embrace efforts by businesses to generate their own electricity, President Cyril Ramaphosa said on Tuesday, reacting to growing frustration at red tape throttling private power generation.

Ramaphosa is under pressure over nationwide power cuts that have dented economic output and sapped investor confidence in Africa’s most…

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