FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
Chinese interest in Portuguese banks goes beyond Anbang Insurance’s potential acquisition of Novo Banco, the financial entity that inherited ‘healthy’ assets of the former Banco Espírito Santo, and also extends
The group was selected by the Bank of Portugal for final negotiations in the process of selling Novo Banco, the bank that inherited the healthy business activity of Banco Espírito
The Maputo Port Development Corporation (MPDC) plans to reduce the time it takes to load a 40,000 ton ship at the port to two and half days, said operations manager
Figures from the Brazilian Foreign Agro-business Trade Statistics System (AgroStat), cited by the daily newspaper Estado de São Paulo, showed that in the month under review China bought products worth
The number of tourists who visited Cape Verde in the first half of the year exceeded 278,000, an annual increase of 2.0 percent, while overnight stays increased 3.5 percent to
The review that China is making to its development aid model should strengthen cooperation with multilateral agencies, keeping preferential loans for infrastructure central, according to an analysis by the Brookings
John Baltz said that despite the unfavorable situation created by the fall in the price of oil on the international market, the company maintains production efficiency levels. “The company is facing
Cape Verde (Cabo Verde) wants to diversify its economic relations, with particular focus on the “South-South” axis and on Angola and China, to reduce dependence on European countries, according to
The concession area awarded by the Angolan government to mining company Sociedade Mineira do Lulo to mine alluvial diamonds has been “significantly extended” to 1,500 square kilometers, the Lucapa Diamond
The International Monetary Fund (IMF) projects that the Mozambican economy may grow up to 7 percent in 2015, a downward revision of half a percentage point compared with previous forecasts,
The President of Mozambique invited Indian businesspeople to invest in Mozambique, preferably through partnerships with local companies during the Mozambique/India Business Forum, Mozambican daily newspaper Notícias reported. Nyusi gave the businesspeople
Minister Ernesto Tonela said the benchmark price for the import of brown sugar would increase to USD806 per ton, compared to the current US$385, while the price of refined (white)
Portugal’s AICEP Global Trade and Investment Agency plans to open offices in Dili, East Timor and Seoul, South Korea, this year and in Mumbai, India, and Astana, Kazakhstan, by the
Angola has signed a monetary agreement with China under which national currencies are now accepted in both countries, Angola’s trade minister, Rosa Pacavira said Monday in Luanda. “The kwanza will have
The most interesting financial proposal for the purchase of Portugal’s Novo Banco is the one from the Chinese insurance group Anbang, offering 3.2 billion euros in currency and a further
Indonesia will renew its defense of East Timor’s admission to the Association of South East Asian Nations (ASEAN) during the 48th meeting of foreign ministers from that organization’s member countries,
Next October Portugal plans to reopen a Consulate General in Guangzhou, according to Portuguese daily newspaper Diário de Todos. The newspaper reported the joint order of the Ministry of Foreign Affairs
Sales of Angola’s diamonds have increased year on year by nearly 35 percent in the first half of this year, exceeding USD573 million and 4.2 million carats, according to the
China is now Mozambique’s largest creditor, after increasing its funding to the African country by 160 percent since 2012 as significant Chinese investments are being prepared. The weight of financing from
Angola Cables, an Angolan company that will manage the operations of the fiber-optic submarine cable between Angola and Brazil through the cities of Luanda and Fortaleza, already has a plot
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