Mozambique | Private companies account for half of bank deposits in 2013

About 49 percent of bank deposits held in Mozambique in 2013 were owned by private companies, followed by Mozambican and foreign families, with 45 percent, the Bank of Mozambique said,

Angola | Tax reform increases revenues

Angola’s Executive Project for Tax Reform (PERT) had a cumulative impact of 361.100 billion kwanza (USD3.647 billion) in non-oil tax revenues from 2011 until the end of the first half

Macau Rents drive annual inflation by 5.82 pct in September

The Bureau also said that, compared to September last year, there were significant increases in the price indices of the categories of housing and fuel (+12.15 percent) and food and

Angola | 12th Projekta fair showcases 500 companies

Eventos Arena – Organizaçao e Gestao de Feiras e Eventos said in a statement that the fair, which this year will have an exhibition area of ​​16,000 square metres, will

Forum Macau Fund supports projects in Mozambique and Angola

The China-Portuguese Speaking Countries Fund for Cooperation and Development has approved two projects in Angola and Mozambique valued at USD10 million each, said the Secretary-General of the Permanent Secretariat of

New Zealand supports East Timor in fish production

Timor-Leste (East Timor) and New Zealand have signed an agreement to develop fish production (aquaculture) by creating 200 small businesses in the country, the New Zealand embassy announced in a

China and East Timor want to strengthen cooperation

The Vice President of China, Li Yuanchao said at a meeting in Beijing with former President of Timor-Leste (East Timor) Jose Ramos-Horta, that his country intended to increase cooperation with

Cape Verde invests USD62m in four int’l airports

The Cape Verdean government plans to invest USD62.2 million in the four international airports in the country, by 2017, the Minister for Parliamentary Affairs and the Presidency of the Council

Portugal | Corporate taxes reduced to attract foreign investment

Portugal’s proposed State Budget for 2015 includes a reduction of two percentage points on corporate tax – to 21 percent – in an effort to attract foreign investment, according to

Mozambique | Norway provides funding for the electricity sector

Norway plans to grant USD90 million to support construction of a power transmission line from Tete to Maputo in Mozambique. The Norwegian ambassador to Mozambique, Mette Masst told Mozambican daily

FEATURE | Jia Rui – From teenage athlete to gold medalist

With his casual wear and nice manners, Jia Rui looks like just any young person in Macau. But the 27-year-old is in fact a champion of martial arts, specializing in

Portugal | Foreigners invest 1b euros to receive golden visas

A statement issued Thursday by the office of the Minister of State and Foreign Affairs, said the government had made “a very positive assessment of the program,” launched on 8

Brazil funds program for exports to Angola

The Memorandum of Understanding on export financing deals with guarantees and counter-guarantees and will enable a rise in imports of goods and services from Brazil by Angolan private importers. Signed by

Anantara Hotels, Resorts & Spas opens new resort in Mozambique

To reach the Anantara Medjumbe Island Resort & Spa, which had just 12 villas, requires a 45-minute flight from Pemba International Airport, which has domestic links to Maputo, the capital

Chinese are the foreigners who spend most in Lisbon

The Chinese are the foreigners from outside the European Union who spend most in Lisbon’s retail stores, beating Brazilians and above all Angolans, who for many years were the main

Angola expected to produce 2 million barrels of oil per day in 2017

The minister also told financial news agency Bloomberg that the state budget for 2015 had been prepared based on a price per barrel of oil of between USD88 and $92

Mozambique | Government launches tender to grant new oil blocks

The tender, which is scheduled for 23 October in London, includes three offshore concession off the coast of Cabo Delgado province, in the eastern area of the Rovuma sedimentary basin,

Portugal’s investment in Lusophone coutries falls 78 pct in 2013

Portugal’s direct investment in Portuguese-speaking African Countries (PALOP) and Timor-Leste (East Timor) fell 78 percent in 2013, according to figures released this week by the Bank of Portugal in Lisbon. The

Fosun International expands asset portfolio in Portugal

The next deal is expected to be the acquisition of Espírito Santo Saúde (ES Saúde), for which the Chinese group has proposed to pay almost USD600 million, which is more

Guangxi builds housing estate in Sao Tome and Principe

Chinese company Guangxi Hydroelectric Construction Bureau has started building a a housing estate on the island of Sao Tome, on a self-funding basis, the Minister of Public Works of Sao

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