Features

LUANDA (Capital Markets in Africa) – Angola is targeting an increase of about 250,000 barrels a day in oil output by 2020 and is already in discussions with oil majors Exxon Mobil Corp. and Equinor ASA to achieve this, said Sonangol’s Chairman of the Board Carlos Saturnino. New energy legislation and more favourable investment terms have already spurred interest from international operators, including Chevron Corp. and Total SA, he said in an interview in Vienna….

LAGOS (Capital Markets in Africa) – Italy will urge European Union leaders to push for setting up centres to process would-be migrants south of Libya’s border, Interior Minister Matteo Salvini said during a visit to the north African country. “Italy and Libya cannot be the only countries bearing the costs of migration,” Salvini told reporters, adding that Italy would propose the creation of “identification centers” at the EU summit in Brussels due on Thursday and Friday….

KINSHASA (Capital Markets in Africa) – Former Democratic Republic of Congo Vice President Jean-Pierre Bemba will go home next month, a party official said, after the political heavyweight’s acquittal of war crimes convictions delivered an unexpected twist to this year’s elections. The 55-year-old politician’s return presents President Joseph Kabila and his ruling coalition with a rival they expected to still be behind bars at the International Criminal Court in The Hague. And if Bemba fails to agree partnerships with…

JOHANNESBURG (Capital Markets in Africa) – Tiger Brands Ltd. is considering North African nations among expansion targets as the continent’s biggest listed packaged-food maker looks for growth outside its home market of South Africa. The company is still developing its ‘rest-of-Africa’ strategy, which has been delayed by about six months as management dealt with one of its plants having been linked to South Africa’s listeriosis infection crisis, said Chief Executive Officer Lawrence Mac Dougall. Tiger Brands,…