Chinese group announces investments in Angola

Chinese group Huafeng plans to invest USD1 billion in Angola over a period of two to five years, in agricultural projects, livestock, fisheries and industry, among others,

Festival in East Timor selects best coffee

The Coffee Festival of Timor-Leste (East Timor), which aims to select the best coffee and the best cocktail made with this product, will run until December 3, as

East Timor economy expands at ‘satisfactory’ rate

Economic activity in East Timor is expanding at a “satisfactory” pace that is expected to continue in 2017, said the International Monetary Fund (IMF) in a statement released on

Angola | Chinese entrepreneurs expected to invest USD1.2 billion

Chinese entrepreneurs are expected to invest at least USD1.2 billion in agricultural, fishing, mining, industrial and construction projects in Angola, says the final statement of the Angola-China

Angola | Economic growth should average 2.9 percent from 2017 to 2021

The Angolan economy should post average growth of 2.9 percent during the period from 2017 to 2021, compared to the rate of 4.1 percent during the period from 2012 through

Fitch maintains Mozambique’s CC risk rating

The Fitch Ratings agency has maintained Mozambique’s long-term risk rating at CC in both local and foreign currency, indicates a statement issued on Friday. The CC rating implies that the so-defined

Angola’s budget for 2017 reaches USD44 billion

The Angolan State Budget (OGE) for 2017, analyzed on Friday by the Council of Ministers in Luanda, provides for overall revenues and expenses in the order of 7.3 trillion kwanzas

Portugal is 6th European country to receive most investment from China

Portugal is on the list of European countries that received most investment from China in 2015, according to a study by the ESADE Business & Law School published in Spanish

Guinea-Bissau Chinese company to build biomass power station

The government of Guinea-Bissau last week signed an agreement with Chinese businessman Xuguang Li, president of Shenyang Lan Sa Trading Co Ltd, for the construction of a biomass power plant

Angolan business mission takes part in Guangzhou Fair

Guangzhou Fair A delegation of the Angola-China Chamber of Commerce, led by President Arnaldo de Sousa Calado, is participating in the Guangzhou Fair, Guangdong province in southern China, which runs until

Angola starts exporting coffee to the United States

The first load of coffee from Angola, weighing 11 tonnes, has arrived in the United States, said this week in New York the ambassador of Angola in the United States speaking to

Mozambique | Gov’t projects economic growth of 5.5 percent in 2017

The draft Economic and Social Plan (PES) for 2017 approved this week in Maputo by the Mozambique government includes an economic growth forecast of 5.5 percent, said the spokesman for the Council

China to back training centre in Angola

China will build an Integrated Vocational Training Centre (Cinfotec) in Huambo province in 2017, the minister of public administration, labor, health and social security announced in Luanda, reports the newspaper

Large diamond discovered at the Lulo concession

Australia’s Lucapa Diamond Company has discovered at the Lulo concession in Angola yet another very large diamond, weighing 172.67 carats (35.534 grams), the company announced in a statement released on

West Africa seeks funds from China for transport projects

A lack of roads is seen as one of the greatest barriers to the development of inter-African economic relations and for the Economic Community of West African States (ECOWAS), China’s

Mozambique | IMF mission due to arrive this week

A mission from the International Monetary Fund (IMF) is due to arrive tomorrow in Maputo to assess what measures Mozambique should take to regain the confidence of both investors and