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

BCP negotiates sale of stake with Chinese group Fosun

The process of Chinese group Fosun taking a stake in Portuguese bank Banco Comercial Portuguese (BCP) is expected to be completed by the end of September, according to a statement

Inflation rate exceeds 35 percent in July

The inflation rate in Angola stood at 35.30 percent in July, while prices increased 4.04 percent year-on-year, according to a statement released recently in Luanda by the National Bank of

Angola | Gov’t wants to set the price of airline tickets

Airlines operating in Angola will now set their ticket prices based on the country’s economic reality, according to the Regulation on Air Transport, whose draft presidential decree has been approved

CCCC may buy construction company in Brazil

Camargo Corrêa, one of the largest construction companies in Brazil, has been put up for sale and may be acquired by the China Communications Construction Company (CCCC), the Brazilian press

Angola has new finance minister

The chairman of the Angolan Capital Market Commission, Augusto Archer de Sousa Mangueira, is the new Minister of Finance of Angola, replacing Armando Manuel, who was dismissed as part of

Embraer sells aircraft in China

Chinese airline Colorful Yunnan General Aviation Co. has ordered two Phenom 300 light executive jets from Brazilian aeronautical manufacturer Empresa Brasileira de Aeronautica (Embraer), and signed the contract to purchase

Fosun Group starts talks to buy 16.7 percent of BCP bank

The board of Portuguese bank Banco Comercial Portuguese (BCP) will start talks with Chinese group Fosun that in July proposed the immediate purchase of 16.7 percent of the bank through