Chinese group HNA sells stake in TAP – Air Portugal

The HNA group has divested the 9 percent stake that it indirectly held in the share capital of TAP – Air Portugal by selling its subsidiary Hainan

Forum | Cape Verde retains EU tax haven listing

The European Union added ten countries and territories to its blacklist of tax havens, including the United Arab Emirates, with Cape Verde remaining on the “grey

Macau youth visit Brazil to promote entrepreneurship

A delegation of representatives of youth associations, five higher education institutions and various youth entrepreneurs from Macau visited two cities in Brazil, according to the government’s Economic Bureau.

Forum | Portuguese environmental experience arrives at MIECF

The 2019 edition of the Macau International Environmental Cooperation Forum (MIECF) will benefit from Portuguese experience in environmental and green taxation, gathered during an exchange visit from

Angola nurtures ‘new alliances’ but preserves ties with China

Angola, under the leadership of President João Lourenço, has been forging “new alliances,” notably with Japan, but continues to prioritize ties with China and the Portuguese-speaking countries,

São Tomé and Príncipe | Portuguese company plans chicken production unit

Portuguese company Biaut – Automação Industrial is negotiating with the São Tomé and Príncipe authorities to set up a chicken production unit with an annual capacity of 30 tonnes

Angola | Gov’t approves 30 percent increase in minimum wage

The national minimum wage for the private sector in Angola has been increased by 30 percent, pending publication of the respective presidential decree in the country’s official

Angola to close trade representations abroad, including Macau

Angola’s trade representations abroad will be closed by February 28 following an order issued by the Ministry of Trade and signed by Minister Jofre Van-Dúnem Júnior.

São Tomé and Príncipe | China negotiations for port construction are ‘advanced’

Negotiations with China for the construction of a “multipurpose” commercial port in São Tomé and Príncipe “are at a very advanced stage,” São Tomé’s Minister of Public Works and

East Timor | Non-oil economy expected to grow by 5 percent

The growth rate of East Timor’s non-oil economy is expected to be around 5.0 percent by 2019, after two years of political uncertainties that have negatively affected

Angola wants to be self-sufficient in food products

The Angolan government wants the Program to Support National Production, Export Diversification and Import Substitution (Prodesi) to be the turning point for increasing domestic production and making

Mozambique | Economic growth in 2019 practically unchanged compared to 2018 – EIU

Mozambique’s economy is expected to remain unchanged in 2019, with Gross Domestic Product (GDP) growth falling by 10 basis points compared with 2018 to 3.4 percent, according

China, Brazil resolve commercial dispute over chicken meat

China’s Ministry of Commerce has accepted a proposal from Brazilian poultry exporters to end a dispute over dumping, a lawyer at MPA Trade Law told Reuters this

Angola | Economy contracted by 1.6pct in the third quarter of 2018

Angola recorded a 1.6 percent economic contraction in the third quarter of 2018 and ended the year with an inflation rate of 18.6 percent, the National Statistics

More shipping connections between Cape Verde, Portugal

Boluda Lines, the shipping company of the Boluda Corporación Marítima group from Canarias, on February 1 will increase the frequency of shipping connections between Portugal, Spain and

Angola | Agreement with IMF gives credibility to reform process

Angola’s agreement with the International Monetary Fund (IMF) will make the ongoing reform process in the country more credible, the minister of state for economic and

São Tomé and Príncipe returns to previous standard time

The São Tomé and Príncipe government restored the country’s standard time on January 1, when clocks moved from 2:00 am to 1:00 a.m., putting an end

More demand from China increases soy exports from Brazil

In 2018, Brazil exported a record 83.8 million tonnes of soybeans, an increase of 23.1 percent when compared to 2017, the Foreign Trade Secretariat of the

Mozambique | Public debt in 2018 is expected to exceed GDP

Mozambique’s public debt is expected to reach 102.5 percent of gross domestic product (GDP) at the end of the year, with the economy likely to grow by

Angola wants to increase bilateral cooperation with Portugal

The Angolan President will seek to increase the level of bilateral cooperation with Portugal during an official visit to the country from November 22 to 24,

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