Africa's Markets, Startups & Money Moves — Updated Daily

Brazil's Petrobras Acquires a 42.5% Stake in a Namibian Offshore Oil Exploration Block

Brazil’s state-run oil major Petrobras is marking a strategic return to Africa with a 42.5% stake in an offshore oil exploration block off Namibia.

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U.S. and India Reach a Trade Deal

The U.S. and India have reached a trade deal and will immediately move to lower tariffs on each other’s goods, President Donald Trump announced.

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OPEC Fund Raises US$1.25 Billion in the International Capital Market

The OPEC Fund for International Development (the OPEC Fund) has successfully raised US$1.25 billion through a new 5-year benchmark bond issuance.

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