Portuguese company sets up chocolate factory in Angola

The managing director of Portuguese chocolate factory Avianense, founded in Viana do Castelo in 1914, announced the company was in talks with Angolan investors to install a unit in Luanda,

Mozambique | Mine has gem reserves of 432 million carats

Authored by British consultancy SRK Consulting, the report also said that the mine could be explored for a period of 21 years, anticipating that the project would be able to

Business mission from Brazil visits Angola and Mozambique

A delegation of the Brazilian Trade and Investment Promotion Agency (Apex-Brazil) including 40 companies in the machinery, equipment, building, construction, food and beverage sectors is in Luanda on a visit

Angola | Gov’t lists projects for private investment

The government of Angola has identified a number of priority projects that require investments of USD47.9 billion, which are viable and attractive in both economic and social terms, said the

France pardons Mozambique’s remaining debt

France has pardoned the remaining debt owed to it by Mozambique totalling 17.5 million euros, to mark the three-day state visit by President Filipe Nyusi to France, the Mozambican press

Angolan airline gives up flights to Dubai

Reduced passenger numbers have led the board of directors of Angolan airline TAAG to bring flights to Dubai (United Arab Emirates) to a halt and to reduce links to São

Angola | Germany and Italy showcased at largest trade fair

The 32nd edition of the Luanda International Fair (Filda) started yesterday in Luanda with the participation of 40 countries and territories and 930 national and international exhibitors, occupying a covered

Mozambique | Banking sector attracts the attention of major international banks

The Mozambique banking sector, which has high growth and good business prospects arising from foreign investment in exploration of natural resources, is attracting the attention of major international banks, according

Cape Verde | Economic prospects improve

The economic prospects in Cape Verde improved slightly in the second quarter but the confidence indicator remained below the series average, reported the archipelago’s National Statistics Institute (INE). The Survey

Portugal suspends issuing golden visas

The decision is the result of a legal vacuum created by new law 63/2015, which does not regulate certain matters that were originally written in the form of legal articles

China supports professional training in Angola

Angola continues to experience rapid socio-economic development, which means it is urgent to implement continual training of its citizens, the Chinese Ambassador to Angola said Tuesday in Luanda. Ambassador Gao Kexiang

Sino-Portuguese partnerships are ‘success story’

The “strategic partnership” of power company EDP – Energias de Portugal and China Three Gorges Group (CTG) is “a success story” for the Portuguese economy, the President of the Supervisory

Standard & Poor’s lowers Mozambique’s credit rating

  Standard & Poor’s has lowered its credit rating on Mozambique from “B” to “B-” on the grounds that restructuring of a state-endorsed loan to Mozambican tuna company Ematum indicates the

Int’l tender for Bissau port management

The Guinea-Bissau government  has launched an international tender to transfer management of the port of Bissau to private entities, the Secretary of State for Transport and Communications said last week. João

Angola increases beef production

The Directed Program for Beef Production, approved by presidential decree, which includes the import of 340,500 animals for breeding and 1 million for fattening of the Bonsmara, Simmentaller and Brahma

Angola and Italy sign cooperation agreements

The governments of Angola and Italy signed three bilateral cooperation instruments, notably for the development of agriculture, during a visit that ended Tuesday by the Angolan President, José Eduardo dos

Cape Verde compiles 40 years of statistical data

Cape Verde’s National Statistics Institute (INE) has compiled a publication that reveals the evolution of Cape Verdean society over its 40 years of independence, INE said. Called “40 years of reporting

Angola | François Hollande visit results in orders for French companies

The visit by the President of France, François Hollande, to Angola resulted in the signing of letters of intent to order hundreds of millions of euros of shipbuilding and infrastructure

Brazil 9th largest AIIB shareholder

Brazil is the ninth largest shareholder of the Asian Infrastructure Investment Bank (AIIB), the first international financial institution established by China, according to state English- language newspaper China Daily. With a stake

Portugal | Mainland groups put forward proposals to buy Novo Banco

The Resolution Fund and the Bank of Portugal received three binding bids to buy Novo Banco, according to a statement from the Bank of Portugal which did not identify the

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