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Close ties with Brazil and China position Angola for future funding from BRICS bank

Angola is well positioned to receive funding from the future BRICS bank due to its close ties with Brazil and China, according to the Economist ... Full story

MOZAMBIQUE: Investors interested in tuna fishing

Private foreign and Mozambican investors have shown interest in setting themselves up in Nampula province to focus on tuna fishing for export, said the provincial ... Full story

EDP Brasil completes sale to China Three Gorges of stakes in hydroelectric projects

EDP Brasil (pertaining to the EDP-Energias de Portugal group) has completed the process of selling 50 percent of the Santo António do Jari and Cachoeira ... Full story

More than 110 hotels under construction in Angola

More than 110 large, medium-sized and small hotel units are currently being built in Angola, adding 8,652 rooms to the current total, indicate figures from ... Full story

Mozambique has another insurance company

A new insurance company has been officially launched in Mozambique, Diamond Companhia de Seguros, a partnership between entrepreneurs from Mozambique and Zimbabwe, reports the Maputo-based ... Full story

BRIEFS: Chinese university trains 41 engineers from Angola

A group of 41 Angolan students completed last weekend their engineering degrees from the Chinese University of Wuhan in Hubei province, reports the Angolan news ... Full story

Angola expected to produce 10 million carats of diamonds in 2014

Angolan diamond production is expected to rise by 25 percent and this year exceed 10 million carats following operations launched at two new exploration areas, ... Full story

Mozambique falls slightly in World Bank’s ranking

A report by the World Bank on the performance of national policies and institutions of poor African nations, published last week shows a slight drop ... Full story

ANGOLA: Portuguese bank BCP increases capital to repay state loan

Portuguese bank Banco Comercial Português (BCP), whose biggest shareholder is Angolan state group Sonangol, with 19.44 percent, plans to carry out a capital increase of ... Full story

China interested in investing in Brazil’s rail network

The Chinese government has shown interest in investing in infrastructure projects in Brazil, mainly in its rail network, according to the chairman of logistics and ... Full story

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