Energias de Portugal sells Brazil assets to China Three Gorges

Portuguese power company EDP – Energias de Portugal has sold half of the 66.67 percent stake held in Brazilian power company Empresa Energia São Manoel (São Manoel) to the subsidiary

Angolan president’s daughter bids to buy Portugal Telecom

Terra Peregrin – Participações SGPS, owned by Angolan businesswoman Isabel dos Santos, the daughter of Angola’s president, has launched a tender offer for the entire share capital of Portugal Telecom

Joint Mozambique S Korea plant to assemble Hyundai cars

An assembly plant of South Korean car brand Hyundai was inaugurated Thursday in the industrial zone of the city of Matola, near Maputo, as part of a Mozambican-South Korean partnership,

Mozambique | Second bridge in Tete to be inaugurated

The new bridge over the Zambezi River, which connects the Mozambican city of Tete to the Moatize district, will be inaugurated on 12 November, a source from the provincial government

Digital television in Sao Tome and Principe launches next year

Frederico Umbelina noted that the project had the technical support of the General Regulatory Authority (Ager), the telecommunications regulator in the archipelago and funding from the World Bank and Turkey. The

France is the third largest investor in Angola

Foreign direct investment from France in Angola totals over 10 billion euros and France is the country’s third biggest supplier, the Angolan Foreign minister, Georges Chikoti said Tuesday in Luanda. While

Spain cancels support for Cape Verde state budget

Spain will no longer provide support to the Cape Verde State Budget although it intends to resume aid to the archipelago in a new format as of 2015, the new

Trade between China and lusophone countries reaches USD102.58b

In the first nine months of the year China sold goods to the eight Portuguese-speaking countries worth USD33.24 billion (+3.98 pct) and bought goods amounting to US$69.346 billion (+ 4.10

Cape Verde intends to privatize two companies by mid-2015

TACV, the flagship airline carrier of Cape Verde and port management company Enapor “should be privatized by mid-2015,” said the country’s Minister of Infrastructure and the Maritime Economy, Sara Lopes. At

China builds main courthouse in Guinea-Bissau

The ceremony was held in the city of Bissau and attended by several officials of the Guinean state, including Cassamá Cipriano, President of the country’s Parliament, the building of which

Angola Sonangol is largest shareholder of new Banco Económico

Sonangol’s entry in the capital of the new BESA is part of a capitalisation plan that the National Bank of Angola set out for the bank as a result of

Mozambique | Gov’t prepares eight new contracts for coal mining

The government of Mozambique will sign eight new contracts for coal mining within two years, the Mozambican Minister of Mining Resources revealed  Wednesday in Maputo. Minister Esperança Bias said that six

Banco Económico replaces Banco Espírito Santo Angola

The changes were made during an extraordinary general meeting of shareholders held Wednesday in Luanda, in compliance with the stipulations of the Angolan central bank, which will thus end its

Air France-KLM plans to start flying to Mozambique

president Frank Legre. Speaking to financial news agency Bloomberg, Legre said routes include direct links between Maputo and Paris and between Paris and Port Gentil, one of Gabon’s oil centres. Air France

Odebrecht Angola awarded USD268.2 million project

Odebrecht Angola has won a contract worth USD268.2 million for construction of a water supply system in Angola’s Benguela province, according to a presidential order. The order, dated 23 October, states

China’s AliExpress leader in online sales in Brazil

According to a report cited by daily newspaper Estado de São Paulo, AliExpress was well ahead of second-placed B2W group, which includes the brands Americanas.com and Submarino.com that sold 7.2

Mozambique | Production of raw cotton expected to reach 200,000 tons

The production of raw cotton in Mozambique will increase to 200,000 tons in 2020, the national director of the Mozambique Cotton Institute (IAM) said recently in Namialo, Nampula province. Norberto Mahalambe

China leads acquisitions in Portugal, Brazil tops by total investment

China is at the top of mergers and acquisitions this year in Portugal, Brazil leads by total investment in the country and Angola has tripled the amount invested at a

Angola imports USD1b a year in wine

The director of the Angola Wine Festival, Miguel Pinho, noted that the figure was a good representation of a “very large business” in the country, which shows “the importance that

Mozambique signs new contracts for oil exploration

New contracts on concession areas for exploration and oil production in Mozambique will be signed after April 2015, the Resource Valuation Director of the National Oil Institute (INP) said Thursday. On

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