FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
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 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
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
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
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
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
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
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
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
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
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
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
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
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)
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
The United States Agency for International Development (USAID) this week in Menongue submitted the management plans for two recently created natural parks in Angola, said the United Stattes embassy in
China may be lagging behind in the medal count during this year’s Olympic games in Rio de Janeiro, but it’s winning the competition for Brazilian assets. No country has done more
The cycle of expansion based on raw materials, which has sustained growth of economic relations between China and African countries like Angola, is playing out and the next opportunity is
Year-on-year inflation in Luanda reached 35.30 percent in July, up 24.89 percent over the figure recorded a year ago, Angola’s National Statistics Institute announced. In July prices posted a monthly increase
More than 90 percent of Mozambique’s population does not have a bank account and there is a consequential need to bring financial services closer to citizens, said President Filipe Nyusi
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