Shanghai company buys trading company in Brazil

Hunan Dakang Pasture Farming, a company of the Shanghai Pengxin group, has paid USD286 million to acquire 57 percent of Brazilian trading company Fiagril Ltd, reported financial news agency Bloomberg. In

Cape Verde | A ‘safe haven’ among Portuguese-speaking countries

Cape Verde, which is seen by analysts and the international community as a “safe haven” among Portuguese-speaking countries due to economic and political stability, is now at the beginning of

CHEC involved in investment of USD1 billion in the new port of Maputo

An international consortium, which includes the port company China Harbour Engineering Co, is projecting an investment of USD1 billion in a new port in Maputo province, to serve Mozambique and

Angola-China Chamber of Commerce wants to encourage partnerships

Restoring confidence to setting up business partnerships is the aim of the new Angola-China Chamber of Commerce, whose governing bodies include important figures from Angolan society and the business world. The

Angola overtakes Nigeria to become Africa’s largest oil producer

Angolan oil production in March, according to secondary sources, totaled 1.778 million barrels per day (bpd), a real increase of 18,300 bpd, while Nigeria dropped by 39,400 bpd to 1.722

Brazil | Embraer delivers 44 jets in first quarter

The statement said the delivery of these 44 aircraft represented an increase of 37.5 percent over the number in the first quarter of 2015, when it delivered 32 aircraft, 20

Angola to hold talks on IMF loan

The request for support made by Angola to the International Monetary Fund’s technical assistance, is intended to help design and implement policies and reforms to improve macroeconomic and financial stability,

Trade | African countries should diversify exports to adapt to changes in China

The ongoing changes in China’s economy may be an opportunity for African countries that now mainly export raw materials and oil, to adapt and diversify exports and move up the

Brazil’s Azul invests in TAP – Air Portugal

“The investment will give Azul the right to hold approximately 40 percent of the economic value of the Portuguese airline at the time of conversion of the security and after

Mozambique | Brazil’s Andrade Gutierrez starts construction of dam

Elias Paulo, cited by pan-African news agency APA, said the hydroelectric plant would take three years to build, and that the contractor was a consortium led by Brazilian group Andrade

Angola | Luanda plans to ban ivory trade

The draft decree was presented during a meeting of the Inter-ministerial Commission against Environmental and Other Crimes Related to Wild Fauna and Flora, and also discussed a strategy to close

Brazil prepares to attract tourists from China

Brazil’s preparations to receive tourists from China during the Olympics and Paralympics in 2016 was the focus of a seminar entitled “Welcome Chinese” held recently in the Federal Senate, according

Portugal | Chinese citizens continue to lead in obtaining golden visas

Ninety-seven Chinese citizens in February received a so-called golden visa under Portugal’s Residence Permit Programme for Investment (ARI), said in Lisbon the Foreigners and Borders Service (SEF). In addition to the

Angola | Funding from China supports smaller projects

  With the downturn in tax revenue, funding from China has become even more important to Angola and is being implemented in smaller key projects better suited to local needs, according

Leaders of Chamber of Commerce take office on 31 March

The leaders of the new Angola-China Chamber of Commerce (CAC) will take office on 31 March, following the founding meeting held last week, said the chairman Manuel Arnaldo de Sousa Calado. The

China and Brazil well positioned to boost agriculture in Africa

China and Brazil are two countries that are well positioned to boost agriculture in Africa, whose growth sector is seen as vital for the continent’s development, according to analysts. An article

EDP group reduces debt by selling assets to China Three Gorges

  The EDP Group will continue this year with an asset sale policy, specifically to its main shareholder, China Three Gorges (CTG) in order to reduce its level of debt, said

Hong Kong company pays first installment of timber business in Mozambique

Global Timber Investment Limited, a company based in Hong Kong, made the initial payment of USD600,000 on an investment of $900,000 to be paid by 1 June 2016, said Obtala

Trade between China and Portuguese-speaking countries fell by 25.73 percent last year

The value of trade between China and the Portuguese-speaking countries fell by 25.73 percent in 2015 to USD98.474 billion, a real loss of $34.106 billion, according to official Chinese figures. The

Mozambique | Mozambican, Chinese, South African companies build pipeline

The signatories of the agreement were the Mozambican state oil company ENH, Profin Consulting, a Mozambican private consortium, South African company SacOil Holdings Limited (SACOIL) and China Petroleum Pipeline Bureau,

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