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Mozambique | Special Economic Zone of Nacala receives new projects
The Office for Economic Areas with Accelerated Development (Gazeda) of Mozambique in 2014 reviewed and approved, through its Northern Regional Office, 27 new investment ... -
Mozambique | World Bank grants new loan for paving roads
The World Bank has approved additional financing of US$73.6 million to support the implementation of the second phase of the program for Maintenance and ... -
OECD revises Portugal’s projected economic growth upwards
Portugal’s economy is expected to grow between 1.3 percent and 1.5 percent in 2015, reaching 2 percent in 2016, benefitting from a drop in ... -
Mozambique | Gov’t approves new minimum wages
The government of Mozambique has approved the new minimum wages to be paid by each sector and sub-sector of activity, with increases ranging from ... -
Angola | 2,000 hotel rooms will be opened this year
By the end of 2015 Angola will have an additional 2,000 hotel rooms, said Tuesday in Luena, Moxico province, the State Secretary for Hotels ... -
Mozambique and Brazil sign business cooperation agreements
The governments of Mozambique and Brazil Monday in Maputo signed four cooperation agreements, one of which aims to promote partnerships between businessmen from both ... -
Air France/KLM group orders 17 jets from Embraer
The Air France/KLM group has ordered 17 jet aircraft from Brazilian aeronautical company Embraer for KLM Cityhopper, KLM’s regional subsidiary, Embraer said in a ... -
Chinese amongst favorites to buy Portugal’s Novo Banco
Chinese companies that have applied to acquire Portugal’s Novo Banco (NB), which inherited the “healthy” assets of the beleaguered Banco Espírito Santo, are considered ... -
Angola | Chinese companies invited work closely with local partners
The Chinese Chamber of Commerce in Angola (CCCA) called on Chinese companies operating in the country to work more closely with local partners in ... -
Angola and China assess cooperation
The Foreign Minister of Angola, Georges Chikoti and the Special Representative of the Government of China for African Affairs, Zhong Jianhua met in Luanda ... -
Mozambique | Travel agency transactions total USD30m per month
Members of the Mozambican Travel Agents and Tour Operators Association (Avitum) are registering overall turnover of USD30 million every month, the association said in ... -
Chinese company wants to invest in wind farms in Brazil
China General Nuclear Meiya Power Holdings Corporation, headquartered in Hong Kong, is in talks to invest USD638 million (2 billion reais) in Brazil in ... -
Mozambique | New dams add 3,600 megawatts of power production
Construction of five new hydroelectric dams in Mozambique and the expansion of the Cahora Bassa facility will increase the potential of the country’s energy ... -
Angola | Drop in oil prices is an economic challenge
The Secretary of State for cooperation of the Angolan Ministry of Foreign Affairs, Angela Bragança, said in Luanda that the recent drop in oil ... -
Cape Verde wants low cost flights
The Government of Cabo Verde (Cape Verde) is “completely open” to low cost flights and plans to boost an agreement with the European Union ... -
New visa system makes Angola more attractive to investors and tourists
The ongoing process of facilitating the allocation of visas by Angola makes the country more attractive to investors and tourists, creating new sources of ... -
East Timor | Minister restates gov’t plans to process gas from the Greater Sunrise field
The Minister of Petroleum and Natural Resources of East Timor, Alfredo Pires, restated in Dili the government’s plan to process liquid natural gas (LNG) ... -
China wants to strengthen partnership with Angola
China “aims to strengthen the strategic partnership with Angola,” the official Chinese news agency Xinhua reported, citing statements by Liu Yunshan, a member of ... -
Mozambique | World Bank provides technical assistance for forest project
Technicians from the International Finance Corporation (IFC), of the World Bank Group, will support the forestry investment project of Portucel Moçambique, under an agreement ... -
Mozambique plans to pave 2,100 kilometers of roads by 2019
The government of Mozambique plans to pave about 2,100 kilometers of national and regional roads by 2019, according to the 2015-2019 Five-Year Plan, which ... -
Portugal | IMF advocates radical reform of the State
The International Monetary Fund recommended Tuesday that the Portuguese government should carry out radical reforms to the State, as well as to salaries and ... -
Brazil plans to install cotton research centers in Mozambique
A team of researchers from Brazil has been in Tete and Manica in central Mozambique since last week to assess the possibility of installing ... -
Portugal | Government puts railway companies up for sale
The decree-law for the privatisation of railway companies CP Carga and Empresa de Manutenção de Equipmaento Ferroviário (EMEF) is expected to be approved by ... -
Portugal’s public debt reaches 231.1b euros
Portugal’s public debt is expected to have increased by 6.6 billion euros in January, standing at a total of 231.1 billion euros by month’s ... -
Angola | Cities of Luanda and Lobito to be linked by motorway
A new bridge over the Kwanza River along National Road 100, is set to be built this year to allow traffic to move more ... -
Angola has 14 million mobile phone users
Angola currently has about 14 million users of mobile networks, 3 million Internet users and over 400,000 users of multimedia libraries, said the Minister ... -
Mozambique is the gateway to Southern Africa, China Daily says
Mozambique is a “gateway to the south of the African continent” with “unlimited natural resources,” “an enviable location” and “new industries,” according to a ... -
East Timor posts trade deficit of USD893 million
East Timor’s balance of trade in 2014 recorded a deficit of USD893 million, an increase of 13.79 percent year on year, said the Statistics ... -
Mozambique’s economy projected to grow 7.5 pct
The government of Mozambique expects the country’s economy will to grow 7.5 percent this year, down 20 basis points on the forecast for 2014, ... -
Angola | Private investment expected to create 41,000 jobs
Thirty-six private investment projects created under the program for acceleration of diversification of Angola’s economy, will create 41,000 direct jobs in the next three ... -
China Sonangol invests in Galicia
The Galicia region of Spain, which wants to belong to the Community of Portuguese- speaking Countries due to its historical and cultural ties to ... -
Angola regulates franchising activities
Angola will implement national regulations for the franchise system by the end of the year, according to an order from the Ministry of Trade ... -
Angola | Takeover bid opens way to consolidation in the banking sector
Consolidation of operations in the Angolan commercial banking sector, long-awaited by analysts, my experience its most important consolidation to date as a result of ... -
BRAZIL | Embraer delivers 208 aircraft in 2014
Brazilian aeronautical company Embraer ended 2014 with the delivery of 92 commercial aircraft and 116 executive jets, reaching the targets set for the year, ... -
National Bank of Angola to design new coins
The National Bank of Angola (BNA) will take on the design new 50 and 100 kwanza coins alluding to the 40 years of national ...






































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