FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Angola and Mozambique are on the list of African countries with better prospects for economic growth and business opportunities, according to a study by the Nielsen consultancy that surveyed executives
The drop in Angolan tax revenues from oil exports worsened in September, falling 52.8 percent over the same month of 2014, representing income of 114.8 billion kwanzas (USD844 million), said
Mozambique gets estimated annual revenue of US$80 million from exporting fish, which has remained at an annual average of 250,000 tons, the Minister for the Sea, Inland Waters and Fisheries
The central banks of Angola and China are due to settle the details of an agreement that will allow the use of national currencies of both countries in bilateral trade,
The group entered the Chinese market a year ago through a partnership with the Bright Foods Group, which is one of the largest food distributors in China, but recently set
The China Three Gorges group may put forward a proposal when the Brazilian government on 29 November auctions the concessions for construction and operation of hydropower plants, reported the Exame
The new regulations for carrying out private investment in Angola stipulates the creation of a “fast lane” to speed up procedures and technical support units in each ministry, according to
Banco Millennium Angola will merge with Angolan bank Banco Privado Atlântico under a memorandum of understanding signed Thursday, Portugal’s Banco Commercial Português (BCP) said in a statement to the market. In
Chinese companies are bolstering Angola’s oil sales, even at a time of uncertainty when Chinese purchases from other countries in the region, such as Nigeria, are falling, according to figures
Eleven Portuguese companies will take art from 13 to 15 October in Shanghai, China, in Intertextile Shanghai Apparel Fabrics, one of the busiest fabric fairs in the world, with almost
Malaysian businesspeople who visited East Timor this month identified several investment and business opportunities in the country, said Abu Bakar Koyakutty, director of the chemical, oil and gas section of
A consortium formed equally by Cheung Kong Infrastructure Holdings Limited (CKI) and Power Assets Holdings Limited (PAH) paid 288 million euros for Portuguese wind power company Iberwind, according to a
The fall in oil revenues has led the Angolan authorities to restrict the availability of US dollars, and, according to Portuguese bank BPI, part of the solution may be an
China will finance the construction of a pediatric unit and residences for physicians in Beira, in Mozambique’s Sofala province, announced the new Chinese ambassador to Mozambique, Sun Jian. The ambassador, cited
Fitch Ratings has lowered Angola’s credit rating from “BB-” to “B+”, to reflect the effects that low oil prices have had on the economy, the agency announced in a statement
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 last week the National Director of
US private investment in Mozambique exceeded USD16 billion in the past decade, the deputy minister for Foreign Affairs, Nyeleti Mondlane said last week in Maputo, the Mozambican press reported. “So far,
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 news agency Xinhua reported. The agency
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 the 15 most attractive African countries
Chinese group Fosun International, one of the candidates for the purchase of Novo Banco, said that Portugal “continues to show growth prospects and very interesting investments,” according to a statement
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