Angola | Emirates airlines takes over Taag management

The Chairman of the Board of Directors of Taag, Joaquim Cunha, told the radio station that the new executive directors should take office soon, under the terms of an agreement

Angola | Cotton production re-launched with South Korea support

The revival of cotton production in two locations in the city of Sumbe, the capital of Angola’s Kwanza Sul province, will begin in January 2016, according to technicians from the

Haitong Securities plans to expand in Europe from Lisbon base

The Chinese group Haitong Securities plans to make Lisbon the European base of Haitong Bank, the new name given to the newly acquired BESI. Moreover it’s looking to expand in

Oil production costs in Angola ‘must fall’

The Director of Total E&P Angola, Jean-Michel Lavergne, warned that if oil exploration costs in Angola did not come down significantly, the country runs the risk of no longer having

Fosun withdraws from Novo Banco purchase

Daily financial newspaper Diário Económico also reported that the sale of Novo Banco was expected to be postponed until after the Portuguese elections on 4 October. Apollo’s proposal, believed to

Brazil, Angola and China are the source of new investments in Portugal

Nearly half of foreign direct investment in Portugal in 2014 originated in Brazil, Angola and China, contributing to increasing interconnectedness between these economies, according to official data. The latest data from

Hainan Airlines likely to link Beijing to Fortaleza

China’s Hainan Airlines and Brazil’s Azul signed an agreement to launch a connection between China and Fortaleza in the Brazilian state of Ceará, with a stopover in Lisbon, Portugal, reported

Statistics | Trade between China and Portuguese-speaking countries falls

In the first seven months of the year China imported goods worth USD35.893 billion (-32.01 percent) from the eight Portuguese-­speaking countries and sold them goods in the amount of US$22.794

Angola | Hotel sector currently offers 14,000 rooms

The hotel and tourism sector in Angola has 14,000 rooms and 18,000 beds in 185 hotels, 88 resorts, 14 apartment hotels and six inns, employing over 202,000 people, said the

Economy grows 1.5 percent in 2nd quarter

Portugal’s economy grew 1.5 percent year-on-year in the second quarter of the year and 0.4 percent over the previous quarter, indicate figures released on Monday in Lisbon by the National

East-Timor president begins first official visit to China

The President of East-Timor, Taur Matan Ruak, began yesterday his first official visit to China, during which various meetings and ceremonies will take place, indicates a statement released on Monday

Mozambique | Area 1 oil bloc requires investment of USD24 billion

The oil groups involved in exploiting the Area 1 bloc of northern Mozambique’s Rovuma Basin plan to invest nearly USD24 billion to begin extracting natural gas, the Press Trust of

Brazil | Angola New ambassador defends direct maritime link

The establishment of a maritime link between Brazil and Angola is vital for enhancing bilateral trade, Brazil’s new ambassador in Angola, Norton Rapesta, recently said. If that connection becomes a reality

East Timor gains ASEAN observer status this year

East Timor should obtain observer status in the Association of Southeast Asian Nations (ASEAN) before the end of the year, said the country’s Economic Affairs Coordinator and Agriculture and Fisheries

Angola | Moody’s revises economic growth forecast

Moody’s credit rating agency has downwardly revised the growth forecast for the Angolan economy to 4.1 percent in 2015 and 4.7 percent in 2016, anticipating a budget deficit of 3

Portugal maintains excessive deficit in 2015

Portugal should remain in a situation of excessive budget deficit until at least 2016, although the economic recovery is consolidating, indicate the spring economic forecasts released this week by the

Angola | Japan willing to finance 2nd modernisation phase of Namibe port

Ito, who was on a two-day visit to Namibe province, said he would ask the city’s port administration for details about costs associated to the modernisation plan’s second phase in

Cape Verde | Company sells coffee to Starbucks

The Cape Verde (Cabo Verde) company Fogo Coffee Spirit has sold 6,960 kg of coffee to the American company Starbucks, the first time the company has placed its products in

Mainland groups in Portugal lose over USD115 billion in market capitalization

Fosun International has performed worst in relative terms, depreciating by 29.8 percent on the Hong Kong Stock Exchange. In Portugal it controls the Fidelidade (insurance), Luz Saúde (health) and Redes

Africa | Angola ranks eighth with most Chinese investments

Angola is the eight-ranking African country with the most Chinese investments, 189, on a list topped by Nigeria with 404, indicates a compilation by the Brookings Institution in the USA,

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