Guinea-Bissau Economy expected to grow 4.8 pct

Guinea-Bissau will end 2015 with economic growth of 4.8 percent, the head of the evaluation mission of the International Monetary Fund (IMF) on Tuesday in Bissau. Felix Fischer, who heads an IMF

Angola | Mozambique: More investment and funding expected after Africa/China Forum

The 6th edition of the China/Africa Forum served to approve a Chinese financing package of USD60 billion for Africa and to convey a message of confidence in the existing relationship

Presidents of Angola and China call to strengthen bilateral cooperation

Angola and China should consolidate and deepen the existing bilateral strategic partnership for mutual benefit, Angolan President José Eduardo dos Santos and Chinese President Xi Jinping said Thursday in Johannesburg,

Cooperation | Cape Verde and Guinea-Bissau benefit from China’s support

China is deepening its involvement in agriculture in Africa and Cape Verde and Guinea-Bissau are to benefit from this diversification of cooperation, according to a survey of Chinese projects in

Mozambique | CFM receives last batch of railway carriages from China

Mozambican state port and rail company Portos e Caminhos de Ferro de Moçambique (CFM) has received the last batch of railway carriages ordered from China for cargo and passenger transport

Hainan Airlines group becomes main shareholder of Brazilian carrier Azul

Chinese group HNA, the owner of Hainan Airlines, has established a strategic partnership with Brazilian carrier Azul by purchasing a stake of 23.7 percent for USD450 million, the group said

Mozambique purchase 200 buses from China’s Yutong

The government of Mozambique has bought 200 buses from Chinese company Yutong Bus Co. to improve the public transport network in the capital, Maputo and its outskirts, said the Permanent

Mozambique | Nacala Airport to start receiving int’l traffic in March 2016

Airlines operating to Mozambique are expected to start using the Nacala International Airport between March and April 2016, said the chairman of state airport management company AdM. Emanuel Chaves also told

Angola | Shadow economy accounts for 60 pct of the total

Angola remains one of the sub-Saharan African countries with higher levels of economic informality, with the informal, or shadow, economy accounting for around 60 percent of the total, said the

Mozambique | Netherlands pays for expansion of Maputo water supply network

The government of the Netherlands will donate 20 million euros to Mozambique to help finance the proposed expansion of the Water Supply System of Greater Maputo, said the Ministry of

China State Grid plans to invest billions in Brazil

xian. The total amount includes the value provided to build two power transmission lines that will transport the electricity produced in at the Belo Monte hydroelectric facility, in the state of

Mozambique | Measures implemented to offset metical devaluation

Waldemar de Sousa, on the sidelines of a meeting with the Confederation of Economic Associations of Mozambique (CTA), which brings together Mozambican employers, recalled that to cushion the negative effects

Cape Verde launches 5th Agricultural Census

The 5th General Agricultural Census (RGA) of Cape Verde started on Monday and is expected to take three months and cost 4.9 million euros, according to the Minister of Rural

Angola expands funding sources by issuing bonds backed by ICBC

The Ministry of Finance last week announced the completion of an issue of Eurobonds to the amount of USD1.5 billion, getting closer, according to a survey by Eaglestone Securities, to

Trade between China and Portuguese-speaking countries shrinks

From January to September the value of trade between China and the eight Portuguese-speaking countries amounted to US$102.587 billion. Trade recorded in the period under review resulted from Chinese exports of

Sao Tomé wants to become the ‘Dubai of Africa’ ​​with a port built by China

The deep-water port costing an estimated USD800 million and whose construction was awarded to a Chinese group was presented in October by the government of São Tomé and Príncipe to

Chinese group Fosun expands health business in Portugal

The company is controlled by Chinese group Fosun through insurance company Fidelidade and both were acquired in 2014 following the collapse of the Espírito Santo financial group. Vaz, introducing a partnership

Cape Verde International Fair runs from 18 to 22 Nov

The 19th edition of the Cape Verde International Fair (FIC) it set to run from 18 to 22 November on the island of São Vicente under the theme, “Cape Verde,

EDP Renováveis and China Three Gorges invest in North Sea wind farm

In the announcement issued through the Securities Market Commission (CMVM), the company said that under the cooperation agreement signed between its subsidiary in the United Kingdom and China Three Gorges

São Tomé and Equatorial Guinea make decision on joint oil exploration in December

São Tomé and Príncipe and Equatorial Guinea will try to formalise in December a proposal for a partnership for oil exploration on their common border, the Prime Minister of São

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