Africa Opportunity |

OPEC Crude Output Drops to Six-Month Low on Angola Maintenance

LUANDA (Capital Markets in Africa) – Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low. Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 million. Angola led the declines in November, with a drop of 100,000 barrels a day from…

Africa poised as the next big thing in emerging-market stocks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – With plenty of economic and political issues surrounding Africa, many investors are hesitant on whether they should invest in this emerging market. The continent is consistently appearing in the news due to the fact it is struggling to contend with illnesses such as Ebola as well as the many armed conflicts that are being documented, which is making Westerners uneasy. In fact, the continent barely appears on some investors’…