Angola | Investments exceed USD7.7b in 2014

Approved investments along with those still under review by Angola’s National Agency for Private Investment (ANIP) in 2014 exceeded USD7.7 billion, the president of the agency announced at a meeting

Angola | Cabinda province to gain deep-water port in 2016

The newspaper added that the Caio Porto company, which was awarded the construction of the port, is currently carrying out work to cordon off the port area and building access

Sino-Brazilian satellite to be launched into space

The Brazilian Ministry of Science and Technology said in a statement that the CBERS-4 satellite, the fifth in the series, had already been installed and would now go to the

Mozambique | Launch of natural gas projects in the Rovuma basin approved

The government of Mozambique has approved the start of natural gas liquefaction projects for the gas that will be extracted in the Rovuma basin, Cabo Delgado province, according to a

Angola | Mining companies will be exempt from customs duty

Cassoma met with mining operators to identify the products that should be exempt and receive tax benefits so that, through a government decree, the list of goods without customs charges

Heineken builds factory in East Timor

A statement on the November 21 Council of Ministers meeting said that as the government decided to approve the investment agreement with Heineken and the company would be awarded tax

Armando Guebuza inaugurates roads in northern Mozambique

The Auasse/Mocímboa, Praia/Palma and Macomia/Auasse roads in the province of Cabo Delgado, northern Mozambique, with a combined length of 225 kilometres, were inaugurated Tuesday by the country’s President, Armando Guebuza,

BIC Angola negotiates sale of stake to int’l bank

BIC Angola bank is negotiating the sale of a 10 to 15 percent stake to a major international bank, the bank’s chairman, Fernando Teles said in Lisbon. The president of

European Union and Guinea-Bissau renew agreement

Vessels from the 28 Member States of the EU, mainly from Spain, France, Greece, Italy and Portugal, will now resume fishing in Guinea-Bissau waters after a break of two years

Angola 1st International Fisheries and Aquaculture Fair opens in Luanda

The 1st Angola International Fisheries and Aquaculture Fair is on from 27-30 November at the premises of the Luanda International Fair (Filda) with at least 50 domestic and foreign companies

Briefs | Mozambique: Statistics Institute prepares 2nd Company Census

The National Statistics Institute of Mozambique (INE) is due in 2015 to begin the second Companies Census and preparatory work is currently underway, Mozambican newspaper Notícias reported. The newspaper added

Mozambique | Exponential increase in banking sector assets continues

Six of the largest banks – Millennium bim, BCI, Standard Bank, Moza Banco, Banco Único and Barclays – posted an increase of 19 percent in net assets to nearly USD8.5

Angola | Economic diversification costs USD22.7b

The projects selected to accelerate the process of diversification of Angola’s economy over the next three years have an estimated cost of USD22.7 billion, Angola’s Economy Minister said recently in

Angola Gov’t facilitates lending to entrepreneurs

Bureaucratic constraints on the financing of investment projects in Angola are being overcome with the approval of several orders that allow easier access to loans, Angola’s Minister for the Economy

Cape Verde to issue new banknotes

A new issue of banknotes approved by the government of Cape Verde is expected to go into circulation later this year, according to pan-African news agency Panapress. The issue consists of

Mozambique Agriculture represents 24 pct of country’s economy

Clemente acknowledged that agriculture, practiced mostly by small family farms, still has some weaknesses, characterized by weak links with markets and reduced use of agricultural inputs and modern technology. He said,

Angola Chinese state company invests in farming

Chinese state company CITIC Construction Co. will invest USD5b in 2015 in an agricultural project in Angola in order to “help reduce the insufficient food production in the country,” said

Portugal | Gov’t announces sale of 66 pct of state airline TAP

The Secretary of State for Transport, Sérgio Monteiro, said after the meeting that as well as the airline all the group’s assets would be sold, including, for example, the maintenance

Angola wants to build national railway network

The government of Angola plans to build a railway line to link the country’s three current railways, thus establishing a national railway network, Angola’s Transport Minister said in Lubango. Minister Augusto

Mozambique speeding up economic reforms, minister says

Mozambique’s minister of Industry and Trade, Armando Inroga, has given assurances that the government is speeding up the introduction and implementation of economic reforms in order to improve the country’s

WP2Social Auto Publish Powered By : XYZScripts.com
MACAU DAILY TIMES