IMF questions sustainability of Portuguese public debt

The International Monetary Fund (IMF) questioned the sustainability of Portuguese public debt, in the face of economic weakening and relaxation of the deficit in the first post-program monitoring report, issued

Angola | Urban renewal process in two Luanda neighborhoods starts

The government of Angola will start a special program for the conversion and urban renewal of the neighbourhoods of Sambizanga and Operário in the center of Luanda, which will require

Diamond polishing carried out in Angola

The Angola Diamonds Polishing factory, Sodiam, a subsidiary of Angolan state diamond company Empresa Nacional de Diamantes de Angola (Endiama), represented an initial investment of USD10 million, which when it

Economic climate in Cape Verde remains in decline

The economic climate indicator in Cape Verde in the fourth quarter of 2014 continued on the downward trend of recent quarters and registered the lowest level since the series began,

Prime Minister son’s shooting seen as attack on state

The shooting of the son of Cape Verde’s Prime Minister Jose Maria Pereira Neves on Dec. 30 is an attack on the state and can be linked to the murder

China donates rice to flood victims in Mozambique

China has donated 10 tons of rice to victims of the floods that affected the provinces of central and northern Mozambique, the Deputy Director General of the National Institute of

Angola | Ambassador announces investment by Chinese companies

Several Chinese companies will invest this year in Uige in socio-economic sectors and infrastructure, the Chinese ambassador to Angola announced at a hearing granted by the provincial deputy governor for

China focused on Macau as a cooperation platform for Portuguese-speaking countries

China’s Trade Ministry is focused on Macau’s role as a services platform for trade cooperation between China and Portuguese-speaking countries, Chief executive Chui Sai On said Tuesday. Taking stock of his

East Timor | Government approves USD102 million funding for Oe-Cusse Ambeno Authority

The government of Timor-Leste has approved funding of USD102.43 million, for the 2014 and 2015 budget, of the Authority of the Special Administrative Region of Oe-Cusse Ambeno, according to a

Botswana wants to export coal via Mozambique

Noting that mining of coal deposits in the Mmambula region in southern Botswana depends on completion of the Trans-­Kalahari Railway, Charles Siwawa said mining companies operating locally expect to start

Angola | Australia’s Lucapa Diamond extracts 266.7 carats of diamonds

Preliminary work in block 29 of the Lulo concession was “successfully” completed and in just eight days of operation 17.33 carats of diamond per 100 cubic meters of rock have

Mozambique | Triton Minerals project requires investment of USD110 million

After getting the first results of geological and economic evaluation of the deposit in Nicanda in the last quarter, Triton Minerals re-stated the “big potential” of the North Balama project,

Oil exports to China are ‘cushion’ for drop in Angola’s revenues

Due to long-term supply contracts, which mainly began to be established in 2002, China is now the largest buyer of oil from Angola, absorbing about half of the West African

Travelog | It’s a hoot hanging out with owls at this Tokyo cafe

In the U.S., hanging out in a cafe with animals is such an exotic concept that people can’t get enough of it. A pop-up cat cafe in New York last

China largest importer of farm products from Brazil in 2014

In second to fifth place on the list are the United States, the Netherlands, Russia and Germany, and the top five countries last year imported agricultural and livestock products worth

Japan funds construction of electrical substation in Mozambique

Japan will donate USD18.5 million for the construction of a new electrical substation in Namialo, Meconta district, in Nampula province, northern Mozambique, the Japanese International Cooperation Agency (JICA) said in

Guinea-Bissau | South Korea donates boats for fishing inspection

Guinea-Bissau last weekend received two boats donated by South Korea to increase fishing surveillance in its territorial waters, a government source said in Bissau. The two patrol vessels were delivered

Chinese financing model in Africa seen as an example in Brazil

In the study entitled “The Defense Industry and Brazil-Africa Relations: Achievements and Challenges,” recently published by the Brazilian Centre for International Relations (CEBRI), three researchers note that, according to official

Vista Alegre Atlantis opens store in São Paulo

Portuguese ceramics and glass company Vista Alegre Atlantis (VAA) has spent over 3 million reais (USD1.1 million) on its first store in Brazil, which opened last December, said the company’s

Cape Verde’s Growth Fund analyzed by World Bank

The government of Cape Verde and the World Bank (WB) have started the process of restructuring the Growth and Competitiveness Fund (FCC) to offer the “best responses” to the needs

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