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,

Mindelo to host the 23rd edition of the Cape Verde Int’l Fair

The city of Mindelo, on São Vicente Island, will host the 23rd edition of the Cape Verde International Fair (FIC 2019), which will take place from November

Direct air links between China and Portugal expected to resume

Direct flights between China and Portugal, which have been suspended since October 15 by Capital Airlines, are expected to resume in the coming months by air

São Tomé and Principe | French-Angolan consortium plans to prospect for oil

São Tomé and Príncipe’s National Oil Agency has begun negotiations with a consortium to sign an oil exploration contract in Block 01 of the archipelago’s Exclusive Economic

Angola and Cape Verde to have air links once again

The Angola-Cape Verde air link will be resumed later this year, with only a few technical adjustments left to organize, the Angolan Transport Minister said recently.

Mozambique | Maputo-Katembe Bridge opens on Saturday

The Maputo-Katembe Bridge, to be inaugurated on Saturday, will be crossed daily by 4,000 vehicles in the first year of opening to traffic, according to forecasts from

Angola expected to grow at an average rate of 3pct

Angola’s economy is expected to record annual average growth of 3 percent in real terms, according to forecasts included in the National Development Plan (PDN) for

Mozambique, Portugal end monopoly on air links

Mozambique and Portugal have put an end to the monopoly of Linhas Aéreas de Moçambique (LAM) and TAP – Air Portugal on direct flights between the two countries, said

Mozambique rolls out ‘red carpet’ to Chinese investment

The Minister of Industry and Commerce of Mozambique, Ragendra de Sousa, at the 2018 edition of the Macau International Fair (MIF), called on China to invest

Cape Verde Airlines to be privatized in 2018

THE government of Cape Verde intends to close the privatization process of the national air carrier by the end of the year with the sale of a

European Union finances East Timor municipal roads

The European Union (EU) has provided USD22.62 million for the maintenance and recovery of 44 kilometers of the Ermera and Liquica municipalities in East Timor, EU

Japan’s Tohoku Electric buys natural gas from Mozambique

Japanese company Tohoku Electric announced that it has reached an agreement for the purchase and sale of up to 280,000 tonnes of liquefied natural gas (LNG) per

Angola’s president starts state visit to China

The Angolan President, João Lourenço, has begun his first State visit to the People’s Republic of China since his inauguration in 2017, which is expected to

Tencent buys stake in Brazilian company Nubank

Chinese group Tencent plans to invest USD200 million to buy a 5 percent stake in Brazilian financial technology company Nubank, according to The Information website. The

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