Angola | Chinese company hired to build hydroelectric plant

The government of Angola has hired a consortium made up of the China Gezhouba Group Corporation (CGGC) and Niara Holding to build the new Caculo Cabaça dam, in the Middle

Mozambique to launch wave of privatizations

More than 50 percent of companies in which the Mozambican state has a stake are not considered strategic and may be privatized. The president of the state stake-holding company, Igepe

Brazil and China create cooperation fund

Brazil and China decided to create the Brazil/China Cooperation Fund for Expansion of Production Capacity with a budget of USD20 billion, according to an official announcement made last Friday, 26

Hydropower projects in Mozambique attract Chinese groups

Mozambique is a target country in the internationalization of China Three Gorges and China State Grid and two major hydroelectric projects that are being launched are of interest to these

Thousands of Portuguese companies rely on Angola

More than half of the 9,440 Portuguese companies that export to Angola have the West African country as their only foreign market said Portuguese daily newspaper Público citing official statistics. The

WorldFish develops East Timor fisheries sector

International organisation WorldFish will run a support program funded by Norway to develop the fisheries sector in East Timor, under an agreement signed with the Timorese Ministry of Agriculture and

Angola | China improves repayment terms

The terms of loans granted to Angola by China have been improved, the Angolan Finance Ministry said in a statement adding that it had not requested a moratorium on repayments. The

Mozambique | Foreign debt totals USD6.9 billion in the 2nd half of 2014

Mozambique’s foreign debt amounted to USD6.9 billion at the end of the second half of 2014, which represents an annual increase of 17.5 percent, according to a statement on the

Angola | South Korea and China overtake Portugal as exporters

South Korea and China overtook Portugal as the leading suppliers to Angola in the first quarter of 2015, according to a quick fact sheet from the Angolan National Statistics Institute. The

Portugal | Contract for TAP sale to be signed on 24 June

The Gateway consortium, made up of the owners of Portuguese transport group Barraqueiro, Humberto Pedrosa, and Brazilian airline Azul, David Neeleman, will take on 61 percent of the TAP, SGPS

Guinea-Bissau is world’s largest ‘per capita’ cashew producer

The economist was speaking at a seminar on business opportunities in Guinea-Bissau, held in the Portuguese town of Sintra, organized by the Association of Solidarity and Support for the Guinean

China plans to support industrialization in Mozambique

China plans to increase industrial co-operation with Mozambique, China’s ambassador to Mozambique Li Chunhua said in Maputo, adding that said several public and private companies from his country had expressed

Cape Verde resumes salt exports

Cape Verde has resumed the export of salt, this time to Spain by Palmeira e Pesca Lda (P&P), a company which has Spain’s Fernando Vega, a native of Galicia, as

Guinea-Bissau in partnership to launch airline

The government of Guinea-Bissau is partnering Romanian group Tender to launch its own airline called Air Guinea-Bissau, said the Secretary of State for Transport and Communications last week in Bissau. João

Angola requests moratorium on debt repayment to China

The President of Angola asked last week in Beijing for a moratorium of at least two years on debt repayment to China and for the granting of new credit facilities

China plans to help Angola to overcome crisis

China will assist Angola in “overcoming difficulties” created by the drop in oil prices “and resulting” decreased revenues, the Director of African Affairs of the Chinese Ministry of Foreign Affairs.

East-Timor conducts 3rd population and housing census

The third East Timor National Census of Population and Housing begins officially on 11 July that, according to President Taur Matan Ruak will help understand “the needs of the population.” This

Angola’s president visiting China to sign economic agreements

Angola’s president visiting China to sign economic agreements Angola and China will negotiate “a new financial package to tackle the difficulties” created by the fall in global oil prices, said the

Portugal | Thai Group offers 82.5 million euros for hotel chain

The Minor hotel group of Thailand has offered 82.5 million euros to buy the Hotéis Tivoli hotel chain, whilst also taking on “all current liabilities,” which in December 2014 amounted

ADB supports job creation in Mozambique

The African Development Bank (ADB) has paid out USD7 million for employment promotion in Mozambique, the Mozambican Ministry of Labour, Employment and Social Solidarity said Tuesday in a statement. To use

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