Angola leads in attracting Chinese financing for energy infrastructure

Angola is the African country that has received most Chinese funding for the construction of energy infrastructure since the year 2000, according to a recent study from

São Tomé and Príncipe | BP/Kosmos consortium signs contracts for oil prospecting

The consortium of British companies BP Exploration Operating and US-based Kosmos Energy has signed two oil block prospecting contracts with the São Tomé and Príncipe

Angola | New airline may be equipped with Bombardier Q-400 aircraft

The new domestic air carrier in Angola will be able to operate with Q-400 type aircraft produced by Canadian company Bombardier, thereby correcting several years of errors

Mozambique | Anti-money laundering capacity bolstered

Mozambique has improved its ability to supervise, prevent and combat money laundering following the approval by the country’s parliament of an update to the law creating the

Mozambique | Lack of gov’t transparency means budget levels likely remain same, EIU says

The Mozambican government’s reluctance to ensure the transparency of public finances is expected to result in direct support for the State Budget remaining at pre-2016 levels

Brazil overtakes the US, becomes main supplier of soy to China

Brazil overtook the United States in 2017 to become the main soybean supplier to China, with 50.9 million tons, a figure that is a 33.3 percent increase

Mozambique | China’s financing of public works exceeds USD2.28 billion

The Maputo/Catembe bridge, due to be opened in the next few months in the Mozambican capital, is the biggest China-funded infrastructure project in the African country, the

Angola President orders evaluation of public banks

The shareholdings held by the Angolan state or public companies in national and foreign banking institutions will be evaluated by a working group led by Finance Minister Archer

Angola | Banking sector grows by 16pct in 2016, Deloitte says

The value of total assets of banks operating in Angola increased by 16 percent to 8.70 trillion kwanzas in 2016, compared to 2015, according to a

Mozambique | Deck of Maputo-Catembe bridge laid earlier than expected

The last section of deck of the bridge between Maputo and Catembe will be laid today, ahead of schedule by about three weeks, the Mozambican press reported.

Angolan gov’t to propose legislation to end monopolies

The Angolan government will submit to parliament a proposal for a competition law to bring an end to monopolies and other imperfections in the country’s market, the

East Timor, Australia agree on border delimitation

Australia and East Timor agreed on the full text of a draft treaty defining maritime boundaries, the Permanent Court of Arbitration said in a statement released in The Hague,

Brazil | China Mobile eyes telecom operator Oi

China Mobile, the world’s largest mobile operator with 874 million customers, has been negotiating with the Brazilian National Telecommunications Agency (ANATEL) for the possible purchase of Brazilian

Mozambique | Gov’t projects economic growth of 5.3 percent in 2018

Mozambique’s economy is expected to grow by 5.3 percent in 2018, up from the 4.7 percent forecast for this year, according to the proposed Economic and Social

Agreements between Brazil and China could represent USD9.9b in funding

The 14 agreements signed during the official visit of Brazilian President Michel Temer to China to attend the BRICS summit meeting in Xiamen, Fujian province, could represent

Angola loses status as largest oil producer in Africa to Nigeria

Angola was one of three member countries of the Organization of Petroleum Exporting Countries (OPEC), whose output fell in July, along with Iraq and Venezuela, according to

Mozambique | Maputo hosts Tokyo International Conference on African Development

Mozambique will host the Tokyo International Conference on African Development (TICAD) from today to Friday, an event that will be attended by foreign ministers, among other government

Chinese group HNA expands business by buying shares in duty-free stores

Chinese group HNA has acquired 16.2 percent of the Dufry group, raising its stake in the Basel-based group to 20.92 percent, which operates more than 2,200 duty-free

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