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

Azores Airlines to begin flights to Cape Verde in 2017

Azores Airlines, a subsidiary of Portugal’s SATA group, will begin flying connections to Cape Verde and Barcelona in the 2017 IATA summer season (April to October), the group’s

Cape Verde wants to join the Schengen area

The Minister of Foreign Affairs of Cape Verde, Luís Filipe Tavares said that the possibility of Cape Verde being an extension of the free movement Schengen area in European

EIU predicts | Mozambique will grow 3.6pct in 2016

The economic growth in Mozambique in 2016 is expected to be 3.6%, the lowest recorded in the last fifteen years by that Portuguese-speaking African country, according to

Angola | Sonangol needs to undergo financial restructuring

Angolan state oil company Sonangol needs to undergo financial restructuring and USD1.569 billion to guarantee payments until the end of this year, said on Thursday in Luanda

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