Mozambique | State power company plans to light up the whole country by 2030

Mozambique’s state- owned electricity company Electricidade de Moçambique (EdM) intends to light up the whole country by 2030, a project expected to cost over USD16 billion, chairman

Standard & Poor’s downgrades Angola’s credit rating to B-

Standard & Poor’s (S&P) downgraded Angola’s long-term credit rating in domestic or foreign currency from “B” to “B-“, but maintained a stable outlook, according to the latest

Cape Verde moves to create innovative Special Maritime Economic Zone

The project of the future Special Economic Zone (EEZ) of São Vicente, Cape Verde, is a priority for the government and the country is preparing to receive

Brazil | China interested in Angra 3 nuclear power plant

The China National Nuclear Corporation (CNNC) is interested in participating in the conclusion of construction of Brazil’s Angra 3 nuclear power plant which have been halted

Angola | First cotton harvest after independence

The first cotton harvest under Angola’s production recovery program is scheduled for July in the provinces of Malanje and Kwanza Sul with a symbolic result of 200

Mozambique | IFAD supports agricultural development

The International Fund for Agricultural Development (IFAD) will apply about USD150 million in the agricultural sector in Mozambique, which will be disbursed over the next

Bank of Mozambique opens new headquarters in Maputo

The Bank of Mozambique spent USD300 million of its own resources to build its new headquarters in Maputo, a set of three buildings in the city

Angola | Sonangol posts profit of USD68 million in 2016

Angola oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) posted net profit of more than 13 billion kwanzas (USD68 million) in 2016, the chairwoman of

Macau wants to show more Portuguese and Spanish products to China

The Macau Trade and Investment Promotion Institute (IPIM) wants more companies from Portugal and Spain to come to Macau to showcase their products, with the Chinese market

Belt and Road Initiative | China considers Portugal ‘important partner’

China’s relations with Portugal are “in the best period of their history” and could be reinforced by the Chinese government’s “Belt and Road” initiative, in

Rubies from Mozambique sold at Singapore auction

A new auction of rubies mined in Mozambique held in Singapore allowed Montepuez Ruby Mining, Lda to obtain revenues of USD54.8 million, said the company, which is

Praia meeting is a success, says president of Cabo Verde TradeInvest

The meeting of businesspeople from China and Portuguese-speaking countries was a “huge step” for investments to be made in Cape Verde, said the president investment agency

Angola | Caio deep-water port to start operating in 2020

Construction work on the Caio deep-water port in Angola’s Cabinda province is expected to be completed by 2020, said the president of the project’s management

Mozambique | Nyusi seeks investments on visit to the United States

The president of Mozambique begun a three-day working visit to the United States of America, which is seen as an opportunity to strengthen political, economic and

Angola gives tax breaks to Chinese real estate projects

The China International Fund (CIF) has invested USD694 million in two real estate projects on the outskirts of Luanda that have allowed the construction of thousands of

Mozambique | Public debt is expected to be restructured, EIU says

Mozambique’s public debt is likely to be restructured and the inflow of foreign capital is expected to take time to return to previously recorded amounts, the Economist

Cape Verde | More promotion among Chinese entrepreneurs needed

Cape Verde should be made more widely known to Chinese business people and other citizens, the former deputy director of the Foreign Ministry’s Department of Foreign

Angola | Bank of China opens branch in Luanda

The Bank of China is due to open its first branch in Luanda this week, which will start operating as an investment bank before becoming a

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