European Union finances East Timor municipal roads

The European Union (EU) has provided USD22.62 million for the maintenance and recovery of 44 kilometers of the Ermera and Liquica municipalities in East Timor, EU

Japan’s Tohoku Electric buys natural gas from Mozambique

Japanese company Tohoku Electric announced that it has reached an agreement for the purchase and sale of up to 280,000 tonnes of liquefied natural gas (LNG) per

Angola’s president starts state visit to China

The Angolan President, João Lourenço, has begun his first State visit to the People’s Republic of China since his inauguration in 2017, which is expected to

Tencent buys stake in Brazilian company Nubank

Chinese group Tencent plans to invest USD200 million to buy a 5 percent stake in Brazilian financial technology company Nubank, according to The Information website. The

Cape Verde | Fixed system for currency against euro preserved

The benefits that Cape Verde derives from the fixed-rate regime of the Cape Verdean escudo against the euro means it is not worth joining the single currency

Angola, Portugal put an end to double taxation

Angola and Portugal are due this week to sign a convention to end double taxation between the two countries, as part of a two-day visit to Angola

Alibaba inks USD2b joint venture with Kremlin fund, Mail.ru

Alibaba Group Holding Ltd. is setting up a USD2 billion joint venture with a Kremlin-backed fund and billionaire Alisher Usmanov’s Mail.ru Group Ltd. to grow its e-commerce

China, Sao Tome and Principe sign 3 agreements

China and Sao Tome and Principe have signed three cooperation agreements to social housing, setting up a Confucius Institute and granting a donation of USD29 million, the

Entrepreneurs | Private companies increasingly interested in Africa

China’s private companies have shown growing interest in expanding their businesses in Africa, Chinese state news agency Xinhua reported citing entrepreneurs attending a recent Sino-African economic meeting.

Angola owes USD23b to China

Angola’s debt to China amounts to USD23 billion, Finance Minister Archer Mangueira said in Beijing on Tuesday, calling for investment in projects that guarantee medium- and long-term

Mozambique’s participation in FOCAC was positive, Nyusi says

Mozambique’s participation in the third summit meeting of the Forum on China-Africa Cooperation (FOCAC) was “very positive,” Mozambican President Filipe Nyusi said on Tuesday in Beijing,

Cape Verde | PM raises funding for the Special Maritime Economy Zone of São Vicente

The Cape Verdean prime minister met on Monday in Beijing with officials from the China Development Bank, “one of the largest development finance institutions in the

Angola | New diamond policy announced

An Angolan delegation, led by the Secretary of State for Geology and Mines, Jânio Correia Victor will be present from 29 August at the “Africa

Brazil | Companies from China to operate in the energy sector of Rio Grande do Sul

Brazilian company Electrosul and Chinese companies Shanghai Electric and Zhejiang Energy on Monday in Porto Alegre set up a company that will build and operate the power

Mozambique | Maputo airport certified to receive flights from any country

The Mozambican Aviation Institute granted an operational certificate to Maputo International Airport on Monday that guarantees it upholds the international standards required for it to receive flights

China Railways takes on rail project connecting Mozambique to Zimbabwe

China Railways has proposed the construction of a rail link connecting Mozambique to Zimbabwe via Zambia, a project costing an estimated USD2.5 billion that will

Angola | Gov’t requests financial support from the IMF

The Angolan government has asked the International Monetary Fund (IMF) to adjust its support program, including a financing component, Angolan state news agency Angop reported.

Beijing interested in entering Brazilian aviation market

China announced at the LABACE 2018 aviation exhibition in Congonhas, São Paulo, that it is interested in selling in Brazil its Harbin twin-engine turboprop airplane with a

Angola | Embargo on forest resource exploitation lifted

The Angolan Ministry of Agriculture and Forestry plans to remove the embargo placed on exploration of forest resources on August 8 with the opening

Brazil | Chinese ambassador announces interest in railway investment

China’s government is interested in investing in railways and urban transport in Brazil, in the case of the VLT or light railway and the metro itself,

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