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

Angola introduces new customs tariff in 2017

The Angolan General Tax Administration (AGT) is developing a new customs tariff to come into force in 2017 in collaboration with public and private entities involved in foreign trade, the

Mozambique complies with IMF recommendations

The Minister of Economy and Finance of Mozambique last week restated the government’s commitment to comply with the recommendations and the timetable set out by the International Monetary Fund (IMF)

Angola | Largest Special Economic Zone opens up to private investors

The largest Special Economic Zone in Angola, the Luanda-Bengo SEZ (ZEELB), which was built with the support of China, will open most of its industrial units to private investment in