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Mozambique Agriculture represents 24 pct of country’s economy
Mozambique’s agricultural sector represents 24 percent of the country’s GDP and 20 percent of its exports, said the permanent secretary of the Ministry of ... -
Angola Chinese state company invests in farming
Chinese state company CITIC Construction Co. will invest USD5b in 2015 in an agricultural project in Angola in order to “help reduce the insufficient ... -
Portugal | Gov’t announces sale of 66 pct of state airline TAP
The Portuguese government will sell 66 percent of flagship airline TAP-Air Portugal, with 34 percent remaining in the hands of the state for at ... -
Angola wants to build national railway network
The government of Angola plans to build a railway line to link the country’s three current railways, thus establishing a national railway network, Angola’s ... -
Mozambique speeding up economic reforms, minister says
Mozambique’s minister of Industry and Trade, Armando Inroga, has given assurances that the government is speeding up the introduction and implementation of economic reforms ... -
Energias de Portugal sells Brazil assets to China Three Gorges
Portuguese power company EDP – Energias de Portugal has sold half of the 66.67 percent stake held in Brazilian power company Empresa Energia São ... -
Angolan president’s daughter bids to buy Portugal Telecom
Terra Peregrin – Participações SGPS, owned by Angolan businesswoman Isabel dos Santos, the daughter of Angola’s president, has launched a tender offer for the ... -
Joint Mozambique S Korea plant to assemble Hyundai cars
An assembly plant of South Korean car brand Hyundai was inaugurated Thursday in the industrial zone of the city of Matola, near Maputo, as ... -
Mozambique | Second bridge in Tete to be inaugurated
The new bridge over the Zambezi River, which connects the Mozambican city of Tete to the Moatize district, will be inaugurated on 12 November, ... -
Digital television in Sao Tome and Principe launches next year
The project to switch the signal of Sao Tome and Principe’s public television channel (TVS) from analogue to digital will be finished in June ... -
France is the third largest investor in Angola
Foreign direct investment from France in Angola totals over 10 billion euros and France is the country’s third biggest supplier, the Angolan Foreign minister, ... -
Spain cancels support for Cape Verde state budget
Spain will no longer provide support to the Cape Verde State Budget although it intends to resume aid to the archipelago in a new ... -
Trade between China and lusophone countries reaches USD102.58b
Trade between China and Portuguese-speaking countries amounted to USD102.580 billion from January to September, an annual increase of 4.06 pct, according to official Chinese ... -
Cape Verde intends to privatize two companies by mid-2015
TACV, the flagship airline carrier of Cape Verde and port management company Enapor “should be privatized by mid-2015,” said the country’s Minister of Infrastructure ... -
China builds main courthouse in Guinea-Bissau
The foundation stone for the construction of Guinea-Bissau’s Palace of Justice, the country’s main courthouse was laid Thursday and the work paid for by ... -
Angola Sonangol is largest shareholder of new Banco Económico
Angolan state oil company Sonangol will be the largest shareholder of Banco Económico, SA, the bank that has replaced Banco Espírito Santo Angola, Portuguese ... -
Mozambique | Gov’t prepares eight new contracts for coal mining
The government of Mozambique will sign eight new contracts for coal mining within two years, the Mozambican Minister of Mining Resources revealed Wednesday in ... -
Banco Económico replaces Banco Espírito Santo Angola
Banco Espírito Santo Angola (BESA) has ceased to exist and in has been replaced by Banco Económico, whose shareholders include Angolan state oil company ... -
Air France-KLM plans to start flying to Mozambique
Aviation group Air France-KLM is negotiating with the governments of Mozambique and Gabon to offer direct flights from Paris to both countries in the ... -
Odebrecht Angola awarded USD268.2 million project
Odebrecht Angola has won a contract worth USD268.2 million for construction of a water supply system in Angola’s Benguela province, according to a presidential ... -
China’s AliExpress leader in online sales in Brazil
The electronic marketplace AliExpress, part of China’s Alibaba Group, is the market leader by units sold in Brazil, with 11 million online orders between ... -
Mozambique | Production of raw cotton expected to reach 200,000 tons
The production of raw cotton in Mozambique will increase to 200,000 tons in 2020, the national director of the Mozambique Cotton Institute (IAM) said ... -
China leads acquisitions in Portugal, Brazil tops by total investment
China is at the top of mergers and acquisitions this year in Portugal, Brazil leads by total investment in the country and Angola has ... -
Angola imports USD1b a year in wine
Angola spends USD1billion every year on importing wine, as national production is still small, according to figures issued Thursday in Luanda, at the inauguration ... -
Mozambique signs new contracts for oil exploration
New contracts on concession areas for exploration and oil production in Mozambique will be signed after April 2015, the Resource Valuation Director of the ... -
Mozambique | Private companies account for half of bank deposits in 2013
About 49 percent of bank deposits held in Mozambique in 2013 were owned by private companies, followed by Mozambican and foreign families, with 45 ... -
Angola | Tax reform increases revenues
Angola’s Executive Project for Tax Reform (PERT) had a cumulative impact of 361.100 billion kwanza (USD3.647 billion) in non-oil tax revenues from 2011 until ... -
Macau Rents drive annual inflation by 5.82 pct in September
Increases in rent and the cost of eating out were, once again, the main factors behind the 5.82 percent surge in Macau’s annual inflation ... -
Angola | 12th Projekta fair showcases 500 companies
The 12th edition of Projekta, the largest trade show dedicated to the construction, civil engineering, urban planning and architecture sector in Angola, will be ... -
Forum Macau Fund supports projects in Mozambique and Angola
The China-Portuguese Speaking Countries Fund for Cooperation and Development has approved two projects in Angola and Mozambique valued at USD10 million each, said the ... -
New Zealand supports East Timor in fish production
Timor-Leste (East Timor) and New Zealand have signed an agreement to develop fish production (aquaculture) by creating 200 small businesses in the country, the ... -
China and East Timor want to strengthen cooperation
The Vice President of China, Li Yuanchao said at a meeting in Beijing with former President of Timor-Leste (East Timor) Jose Ramos-Horta, that his ... -
Cape Verde invests USD62m in four int’l airports
The Cape Verdean government plans to invest USD62.2 million in the four international airports in the country, by 2017, the Minister for Parliamentary Affairs ... -
Portugal | Corporate taxes reduced to attract foreign investment
Portugal’s proposed State Budget for 2015 includes a reduction of two percentage points on corporate tax – to 21 percent – in an effort ... -
Mozambique | Norway provides funding for the electricity sector
Norway plans to grant USD90 million to support construction of a power transmission line from Tete to Maputo in Mozambique. The Norwegian ambassador to ...
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