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Angola visited by 4.6 million tourists by 2020
The tourism sector in Angola is expected by 2020 to record about 4.6 million tourists who will provide revenues estimated at USD4.7 billion, said ... -
Mozambique | US companies invest USD16 billion in decade
US private investment in Mozambique exceeded USD16 billion in the past decade, the deputy minister for Foreign Affairs, Nyeleti Mondlane said last week in ... -
Angola | Chinese group CITIC modernizes agriculture
Chinese group CITIC is in talks with the Angolan government to be granted 30,000 hectares of land to farm in Bié province, Chinese state ... -
Angola and Mozambique attract retail chains
Angola and Mozambique have attracted major international retail chains and, according to the “African Retail Development Index” drawn up by A.T. Kearney, are among ... -
Fosun looks for new deals in Portugal
Chinese group Fosun International, one of the candidates for the purchase of Novo Banco, said that Portugal “continues to show growth prospects and very ... -
Angola | Emirates airlines takes over Taag management
The four executive directors appointed by Emirates airlines to serve on the board of the Angolan flagship air carrier Taag arrived Sunday in Luanda, ... -
Angola | Cotton production re-launched with South Korea support
The revival of cotton production in two locations in the city of Sumbe, the capital of Angola’s Kwanza Sul province, will begin in January ... -
Haitong Securities plans to expand in Europe from Lisbon base
The Chinese group Haitong Securities plans to make Lisbon the European base of Haitong Bank, the new name given to the newly acquired BESI. ... -
Oil production costs in Angola ‘must fall’
The Director of Total E&P Angola, Jean-Michel Lavergne, warned that if oil exploration costs in Angola did not come down significantly, the country runs ... -
Fosun withdraws from Novo Banco purchase
The Bank of Portugal has contacted investment fund Apollo Global Management to see if remains interested in buying Novo Banco after the withdrawal of ... -
Brazil, Angola and China are the source of new investments in Portugal
Nearly half of foreign direct investment in Portugal in 2014 originated in Brazil, Angola and China, contributing to increasing interconnectedness between these economies, according ... -
Hainan Airlines likely to link Beijing to Fortaleza
China’s Hainan Airlines and Brazil’s Azul signed an agreement to launch a connection between China and Fortaleza in the Brazilian state of Ceará, with ... -
Statistics | Trade between China and Portuguese-speaking countries falls
Trade between China and Portuguese-speaking countries fell 24.20 percent year on year to USD58.687 billion from January to July 2015, according to Chinese official ... -
Angola | Hotel sector currently offers 14,000 rooms
The hotel and tourism sector in Angola has 14,000 rooms and 18,000 beds in 185 hotels, 88 resorts, 14 apartment hotels and six inns, ... -
Economy grows 1.5 percent in 2nd quarter
Portugal’s economy grew 1.5 percent year-on-year in the second quarter of the year and 0.4 percent over the previous quarter, indicate figures released on ... -
East-Timor president begins first official visit to China
The President of East-Timor, Taur Matan Ruak, began yesterday his first official visit to China, during which various meetings and ceremonies will take place, ... -
Mozambique | Area 1 oil bloc requires investment of USD24 billion
The oil groups involved in exploiting the Area 1 bloc of northern Mozambique’s Rovuma Basin plan to invest nearly USD24 billion to begin extracting ... -
Brazil | Angola New ambassador defends direct maritime link
The establishment of a maritime link between Brazil and Angola is vital for enhancing bilateral trade, Brazil’s new ambassador in Angola, Norton Rapesta, recently ... -
East Timor gains ASEAN observer status this year
East Timor should obtain observer status in the Association of Southeast Asian Nations (ASEAN) before the end of the year, said the country’s Economic ... -
Angola | Moody’s revises economic growth forecast
Moody’s credit rating agency has downwardly revised the growth forecast for the Angolan economy to 4.1 percent in 2015 and 4.7 percent in 2016, ... -
Portugal maintains excessive deficit in 2015
Portugal should remain in a situation of excessive budget deficit until at least 2016, although the economic recovery is consolidating, indicate the spring economic ... -
Angola | Japan willing to finance 2nd modernisation phase of Namibe port
Japan aims to finance the second phase of the project to modernise the port of Namibe with a view to increasing cargo handling capacity, ... -
Cape Verde | Company sells coffee to Starbucks
The Cape Verde (Cabo Verde) company Fogo Coffee Spirit has sold 6,960 kg of coffee to the American company Starbucks, the first time the ... -
Mainland groups in Portugal lose over USD115 billion in market capitalization
Chinese groups that have invested in Portugal in the last several years have seen their market capitalization lose more than 100 billion euros (USD115 ... -
Africa | Angola ranks eighth with most Chinese investments
Angola is the eight-ranking African country with the most Chinese investments, 189, on a list topped by Nigeria with 404, indicates a compilation by ... -
Portuguese banks attract investors from China
Chinese interest in Portuguese banks goes beyond Anbang Insurance’s potential acquisition of Novo Banco, the financial entity that inherited ‘healthy’ assets of the former ... -
Chinese group Anbang Insurance offers 3.5b euros to buy Novo Banco
Chinese group Anbang Insurance has offered 3.5 billion euros to buy Portuguese bank Novo Banco, which represents a loss of 1.4 billion euros to ... -
Ship loading times in Maputo, Mozambique, reduced to two and a half days
The Maputo Port Development Corporation (MPDC) plans to reduce the time it takes to load a 40,000 ton ship at the port to two ... -
China leads in imports of farm products from Brazil
China was the leading country in the import of farm products from Brazil in July, increasing its share of exports from the sector from ... -
Cape Verde receives 278,000 tourists in first half
The number of tourists who visited Cape Verde in the first half of the year exceeded 278,000, an annual increase of 2.0 percent, while ... -
Africa | China’s diplomacy focuses on preferential loans for infrastructure
The review that China is making to its development aid model should strengthen cooperation with multilateral agencies, keeping preferential loans for infrastructure central, according ... -
Angola | Cabinda Gulf Oil extracts 5 billion barrels this year
The Cabinda Gulf Oil Company, a subsidiary in Angola of US group Chevron, this year extracted 5 billion barrels in blocks Zero and 14, ... -
Angola and China are a priority to diversify Cape Verde’s economic relations
Cape Verde (Cabo Verde) wants to diversify its economic relations, with particular focus on the “South-South” axis and on Angola and China, to reduce ... -
Angola | Government extends diamond mining concession area
The concession area awarded by the Angolan government to mining company Sociedade Mineira do Lulo to mine alluvial diamonds has been “significantly extended” to ... -
IMF lowers growth forecast for Mozambique’s economy to 7 pct
The International Monetary Fund (IMF) projects that the Mozambican economy may grow up to 7 percent in 2015, a downward revision of half a ...
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