FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Portugal’s public debt stood at 240.1 billion euros or 131.6 percent of gross domestic product at the end of June, the highest indebtedness ever, the Technical Budget Support Unit (UTAO)
Mozambique’s energy sector, which includes major projects being launched by Chinese companies, offers the country the best prospects to overcome the current adverse economic period, analysts have indicated. One recently launched
The proposed revision of Angola’s state budget for 2016 was forwarded this week to parliament, where MPs will now review and vote on the document, which reduces spending originally planned
The economic, financial and foreign exchange situation of Angola, owing to an external shock, requires a structural change of the economy to ensure the wellbeing of its citizens, said Economy
Cape Verde’s public debt amounted to 199.5 billion escudos at the end of March and 205.9 billion escudos (USD2.070 billion) at the end of July 2016, the Bank of Cape
Brazil’s Vale group has completed the process of renegotiating the deal reached in 2014 with Japan’s Mitsui & Co group for the sale of a percentage in coal-related interests in
The difficulty of obtaining foreign currencies to import raw material means the Secil Lobito cement company’s production and sales should this year drop 25 percent to 150,000 tons, company managing
The state-held company Angola Polishing Diamonds exported 4,462 carats of cut diamonds to the United Arab Emirates last June, invoicing about USD3.1 million at an average price of $694.5 per
Canada’s Gem International Resources raised 1.2 million Canadian dollars upon completion of the second phase of a private share placement that earned 400,000 dollars, the company announced in a recently
Foreign ship owners can operate cabotage (coasting trade) service in Mozambique per the terms of a government-approved decree-law, Transport and Communications Minister Carlos Mesquita announced in Maputo. Mesquita stated at the
The government of Guinea-Bissau has begun distributing to farmers the agricultural production resources, namely seeds and fertilizer, donated by China at a ceremony last weekend in Bafatá. Official information indicates that
A cross-border logistics platform will be built in Luau municipality, Moxico province, to link Angola to the Democratic Republic of Congo and Zambia via the Benguela railway, Angolan Transport Minister
In the recent study on “Boosting the Power Sector in Sub-Saharan Africa – China’s Involvement”, the IEA estimates that Chinese companies were responsible for nearly 30 percent of newly added
Private investment in manufacturing is critical to the balanced development of the economy and employment growth in Angola, the minister of Economy said in Luanda, as cited by state newspaper
Portuguese meat products company Sicasal is preparing to transfer some of its production to Angola following a 50 percent drop in exports to the West African country, the company’s chairman
Sao Tome and Principe travel agency JBC Travel and Tours on August 30 is due to start flights between São Tomé and Lisbon, Portugal, via Johannesburg, South Africa, the company’s
China was the main destination for exports from Angola, mainly oil, in the first quarter of 2016, according to Angolan Finance Ministry figures. In the first three months of the year,
Angola and Portugal are identifying priority areas for cooperation in the agricultural sector, with a view to signing a two-year cooperation agreement, Portugal’s minister for Agriculture, Forestry and Rural Development
Fitch Ratings kept its “CC” rating on Mozambique’s long term credit in local currency and the short term rating in foreign currency at “C”, which means the country’s debt is
Angola’s decision to dispense with support from the International Monetary Fund (IMF) at a difficult economic and financial time was based on the idea of securing new financial support from
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