Dollar loses ground to the euro in Angola

The US dollar has lost ground to the euro in Angola due to the fact that commercial banks have stopped making transactions in US currency after

Brazil | China Grid launches takeover bid for CPFL Energia

The China State Grid group plans to launch a tender offer for the remaining capital of Brazilian company CPFL Energia that it does not yet control, under

Increased opportunities available in Macau-PSC cooperation

The two- or three-way relationship between China and the Portuguese-Speaking Countries (PSC) will be in focus today, at an international conference due to be held in Lisbon

‘One Belt, One Road’ strategy drives Africa towards China

The isolationist trend in the foreign policy of the new US administration, particularly towards Africa, has led some analysts to predict that the Chinese “One Belt, One

São Tomé and China define areas of cooperation

São Tomé and Príncipe and China began on Thursday in São Tomé the process of defining the areas of cooperation with priority for agriculture, health, energy and

Mozambique | Standard & Poor’s reduces credit rating to the lowest level

Standard & Poor’s downgraded the credit rating of Mozambique to “SD/D” in a decision announced last week following the country notifying it will fail to pay the first

China’s financing still essential to Angola

Angolan public finances remain under pressure, despite improvements in the oil market and the country’s economic diversification efforts, with funding from China to remain key source

Going global | Zhuhai Airport aims to double its passengers by 2020

Zhuhai Jinwan Airport (ZUH) aims to establish itself as a hub for business jets and implement a pilot training facility – ambitious goals for the smallest

Mozambique | Economic growth is expected to increase from 2018

Mozambique will return to a period of increased economic growth between 2018 and 2021, during which the economy is expected to grow at an average rate of

Angola starts exporting mangoes to Portugal

A ship moored at the port of Namibe, southern Angola, within the next few days will travel to Portugal carrying a shipment of 35.7 tonnes of mangoes

PRD and Macau are ‘land of opportunity’ for African traders

The Pearl River Delta, Hong Kong and Macau are the preferred “base” for African traders in China who have found “plenty of opportunities” there, according to several

Air Timor suspends links to Bali, blames own gov’t

Air Timor, which from yesterday suspended its flights between Dili and Denpasar (Bali), has blamed the government of East Timor for decisions that led to it

Angola air transport in downturn

Air transport in Angola in 2016 recorded a 28 percent decreases in aircraft movements, 11 percent in passenger numbers, 19 percent in cargo carried and 13 percent in

Mozambique | Prices one quarter higher in 2016

Prices in Mozambique ended 2016 with a cumulative increase of just over 25 percent, which was one of the highest increases in the cost of living

Sao Tome and Principe expects Chinese investment

The restoration of diplomatic relations between China and Sao Tome and Principe, after an interruption of nearly two decades, ends a period of re-approach that has quickened

Angola National Bank keeps benchmark interest rate at 16 percent

The National Bank of Angola decided to keep key interest rates unchanged including the BNA rate that will end the year at 16 percent, according to the decisions of

Guinea-Bissau government awards Chinese doctors

The Health Minister of Guinea-Bissau, Carlitos Barai, last week awarded diplomas of merit to 17 Chinese doctors who completed their mission in the country, within the framework of existing cooperation

Angola’s projected population over 67 million in 2050

Angola will have an estimated population of 67.92 million inhabitants in 2050, indicates the 2014-2050 Population Projection produced by the country’s National Statistics Institute (INE) and presented last week