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FEATURE | Jia Rui – From teenage athlete to gold medalist
With his casual wear and nice manners, Jia Rui looks like just any young person in Macau. But the 27-year-old is in fact a ... -
Portugal | Foreigners invest 1b euros to receive golden visas
Investments made in Portugal as part of the “golden visa” program were in excess of 1 billion euros in the first two years of ... -
Brazil funds program for exports to Angola
A protocol to fund imports of Brazilian goods and services by Angolan micro, small and medium enterprises from was signed last week in Brasilia ... -
Anantara Hotels, Resorts & Spas opens new resort in Mozambique
The Minor Hotel Group of Thailand, which controls Anantara Hotels, Resorts & Spas, has opened its second resort in Mozambique, located on a small ... -
Chinese are the foreigners who spend most in Lisbon
The Chinese are the foreigners from outside the European Union who spend most in Lisbon’s retail stores, beating Brazilians and above all Angolans, who ... -
Angola expected to produce 2 million barrels of oil per day in 2017
The Angolan government’s target to produce 2 million barrels of oil per day has been postponed for a further two years, from 2015 to ... -
Mozambique | Government launches tender to grant new oil blocks
The government of Mozambique this month plans to launch a tender to award 15 new blocks for oil exploration and production, covering an area ... -
Portugal’s investment in Lusophone coutries falls 78 pct in 2013
Portugal’s direct investment in Portuguese-speaking African Countries (PALOP) and Timor-Leste (East Timor) fell 78 percent in 2013, according to figures released this week by ... -
Fosun International expands asset portfolio in Portugal
China has, without a doubt, been the biggest foreign investor in Portugal in recent years and 2014 seems to be the year of Fosun ... -
Guangxi builds housing estate in Sao Tome and Principe
Chinese company Guangxi Hydroelectric Construction Bureau has started building a a housing estate on the island of Sao Tome, on a self-funding basis, the ... -
Angola Portuguese businessman sells stake in Banco BIC
Angolan businesswoman Isabel dos Santos and Fernando Teles, the chief executive of Angolan bank Banco BIC, bought the 25 percent stake owned by Portuguese ... -
Mozambique hires consulting firm to study sale of natural gas
The government of Mozambique has launched an international tender to hire a consulting firm to evaluate the potential sale of natural gas in the ... -
Mozambique among countries with highest growth in 2014
Mozambique is this year among the fastest growing economies in the world, with growth in all sectors, especially the financial and mining sector. The ... -
Angola | Moçâmedes Railroad receives three more locomotives
The fleet of the Moçâmedes Railroad will be increased in a few days with the arrival of three new locomotives acquired in the United ... -
China’s Zotye Auto starts selling vehicles in Brazil
Chinese automaker Zotye Auto is due to start selling its vehicles in the Brazilian market in January 2015 with two models – Logic and ... -
Luanda railway company takes delivery of rolling stock
The Angolan government has approved the purchase of 10 railcars to strengthen the passenger rail system in the city of Luanda, according to a ... -
China’s Fosun Int’l joins race to buy Portuguese healthcare firm ES Saude
Fosun International, part of China’s Fosun Group, has made a bid to buy Portuguese healthcare company Espírito Santo Saúde SGPS (ES Saude) for 451 ... -
First vehicles produced in Mozambique on the market
Matchedje Motor, Mozambique’s only national automotive brand, was due yesterday to put the first vehicles produced in Mozambique on the market, the company said ... -
Mozambique | Port of Maputo has greater processing capacity
The Port of Maputo will receive investments in the coming years to increase its cargo processing capacity from 40 million to 50 million tons ... -
Australia funds rice processing plant in Timor Leste
A rice processing factory, which will benefit about 300 farmers in Timor-Leste (East Timor), has been inaugurated in Baucau, in the east of the ... -
World Bank finances family farming in Angola
Mosap, a market-focused family farming project, underway since 2012 in the provinces of Bie, Huambo and Malanje, has funding of USD20 million from the ... -
Funding to increase fishing in Mozambique
The World Bank is providing Mozambique with USD57.9 million to increase fishing production in the country over the next six years, Mozambican newspaper Correio ... -
Angola | Sumol+Compal Group increases investment
The Angolan subsidiary of Portuguese group Sumol+Compal plans to increase its investment in Angola by building a USD51 million factory, as part of a ... -
Mozambique’s inflation to total 3 pct in 2014, EIU says
Mozambique’s projected average annual inflation in 2014 has been revised downwards from 3.9 percent to 3.0 percent by the Economist Intelligence Unit (EIU) which ... -
Chinese-Brazilian satellite CBERS-4 ready to be placed in orbit
The Chinese-Brazilian satellite CBERS-4 program is ready to be launched, the coordinator of the Spacial Segment, Brazil’s Antonio Carlos de Oliveira Junior said Saturday ... -
EDP begins sale of hydropower in Brazil
Portuguese group EDP has been given approval to begin commercial operation of its first production facility in Brazil, the Santo Antonio do Jari hydroelectric ... -
Brazil’s Oi group sells Portugal Telecom’s stake in Unitel Angola
Brazilian telecommunications group Oi has started the process of selling the 75% stake it owns in Africatel, which in turn has a 25 percent ... -
Mozambique | Savannah Resources sees ‘excellent’ results in heavy sands prospecting
The results of a heavy sands prospecting program in Jangamo, Mozambique, are “excellent” and revealed quality surface mineralization’s, British company Savannah Resources said in ... -
Angolan Post Office offers int’l transfers
The Post Office in Angola (Correios de Angola) and the Western Union Company have signed an agreement to provide money transfer services for the ... -
Largest Angolan real estate project to launch in 2015
Commandante Gika, Angola’s biggest building project ever and one of the largest in Africa, is expected to be inaugurated within six months, said manager ... -
Brazilian companies sign USD500m business deals at China fair
Participation of Brazilian companies in the All China Leather Exhibition (ACLE) is expected to lead to current and future sales of some USD500 million, ... -
Mozambique | Tourism’s contribution to GDP falls
The political and military tension seen in central and northern Mozambique led to the contribution of the hospitality and tourism industry to GDP falling ... -
Angola may be Africa’s biggest oil producer again in 2014
Angola, one of the two main suppliers of oil to China may in 2014 become Africa’s largest oil producer once again, with new wells ... -
Mozambique | Tax revenues grow
Tax revenues in Mozambique totaled 100.7 billion meticals in the period from January to August, with just one third left to meet the target ... -
Mozambique exports USD70m in bananas
Exports of bananas produced in Mozambique brings in over USD70 million per year, according to António Gomes, vice- president of the Confederation of Economic ...
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