Mozambique and Brazil sign business cooperation agreements

The governments of Mozambique and Brazil Monday in Maputo signed four cooperation agreements, one of which aims to promote partnerships between businessmen from both countries through facilities in granting visas. The

Air France/KLM group orders 17 jets from Embraer

The Air France/KLM group has ordered 17 jet aircraft from Brazilian aeronautical company Embraer for KLM Cityhopper, KLM’s regional subsidiary, Embraer said in a statement issued in Sao Jose dos

Chinese amongst favorites to buy Portugal’s Novo Banco

Chinese companies that have applied to acquire Portugal’s Novo Banco (NB), which inherited the “healthy” assets of the beleaguered Banco Espírito Santo, are considered favorite’s for the deal, which may

Angola | Chinese companies invited work closely with local partners

The Chinese Chamber of Commerce in Angola (CCCA) called on Chinese companies operating in the country to work more closely with local partners in order to deepen economic and trade

Angola and China assess cooperation

The Foreign Minister of Angola, Georges Chikoti and the Special Representative of the Government of China for African Affairs, Zhong Jianhua met in Luanda to analyse bilateral relations. Ambassador Zhong Jianhua

Mozambique | Travel agency transactions total USD30m per month

The volume of transactions includes domestic and international air tickets, accommodation, tourist transfers, car hire, excursions and other activities such as conferences and seminars, said Noor Momade, president of Avitum,

Chinese company wants to invest in wind farms in Brazil

China General Nuclear Meiya Power Holdings Corporation, headquartered in Hong Kong, is in talks to invest USD638 million (2 billion reais) in Brazil in wind power, financial news agency Bloomberg

Mozambique | New dams add 3,600 megawatts of power production

Power consumption in Mozambique is increasing by an average annual rate of 82 megawatts (about 14 percent), according to the Ministry of Planning and Development (MPD), and expansion of the

Angola | Drop in oil prices is an economic challenge

The Secretary of State for cooperation of the Angolan Ministry of Foreign Affairs, Angela Bragança, said in Luanda that the recent drop in oil prices of around 60 percent in

Cape Verde wants low cost flights

The Government of Cabo Verde (Cape Verde) is “completely open” to low cost flights and plans to boost an agreement with the European Union (EU) with this in mind, said

New visa system makes Angola more attractive to investors and tourists

The ongoing process of facilitating the allocation of visas by Angola makes the country more attractive to investors and tourists, creating new sources of revenue at a time when oil

East Timor | Minister restates gov’t plans to process gas from the Greater Sunrise field

The Minister of Petroleum and Natural Resources of East Timor, Alfredo Pires, restated in Dili the government’s plan to process liquid natural gas (LNG) from the Greater Sunrise field in

China wants to strengthen partnership with Angola

China “aims to strengthen the strategic partnership with Angola,” the official Chinese news agency Xinhua reported, citing statements by Liu Yunshan, a member of the Standing Committee of the Political

Mozambique | World Bank provides technical assistance for forest project

Technicians from the International Finance Corporation (IFC), of the World Bank Group, will support the forestry investment project of Portucel Moçambique, under an agreement signed Thursday in Maputo. According to the

Mozambique plans to pave 2,100 kilometers of roads by 2019

The plan will entail asphalting an annual average of about 420 kms of roads, down by about 180 kms compared to last year, when 602 kms of national and regional

Portugal | IMF advocates radical reform of the State

The International Monetary Fund recommended Tuesday that the Portuguese government should carry out radical reforms to the State, as well as to salaries and pensions, according to the report by

Brazil plans to install cotton research centers in Mozambique

A team of researchers from Brazil has been in Tete and Manica in central Mozambique since last week to assess the possibility of installing two experimental cotton research units, reported

Portugal | Government puts railway companies up for sale

The decree-law for the privatisation of railway companies CP Carga and Empresa de Manutenção de Equipmaento Ferroviário (EMEF) is expected to be approved by the government of Portugal by the

Portugal’s public debt reaches 231.1b euros

Portugal’s public debt is expected to have increased by 6.6 billion euros in January, standing at a total of 231.1 billion euros by month’s end, the Technical Budget Support Unit

Angola | Cities of Luanda and Lobito to be linked by motorway

A new bridge over the Kwanza River along National Road 100, is set to be built this year to allow traffic to move more easily along the coast between Luanda

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