The deal also involved a change in the shareholder structure of Banco BIC Portugal, as António Ruas, another shareholder, also sold his 10 percent stake to Isabel dos Santos and
Placed in state newspaper Notícias, the announcement advises that those interested have until 8 October 2014 to submit their proposals. The consultancy services include valuation of potential markets for natural gas
The country recorded a growth of 6.9 percent in the second quarter of 2014, according to figures published last week by the National Statistics Institute (INE). This compared with annual
The fleet of the Moçâmedes Railroad will be increased in a few days with the arrival of three new locomotives acquired in the United States, the chairman of the rail
The company, which invested $25 million to enter the Brazilian market, has plans to start assembling vehicles in Brazil by 2017, by building a factory in the state of Espírito
The Angolan government has approved the purchase of 10 railcars to strengthen the passenger rail system in the city of Luanda, according to a statement from the Council of Ministers
In a statement filed with the Hong Kong Stock Exchange, the Chinese company said it it was offering 4.72 euros per share of ES Saude, a company that manages hospitals,
Matchedje Motor, Mozambique’s only national automotive brand, was due yesterday to put the first vehicles produced in Mozambique on the market, the company said in a statement sent to Macauhub
Osorio Sales Lucas, speaking at the launch of the Joint Operation Centre (JOC) of the Maputo Corridor, which includes rail operators Portos e Caminhos de Ferro de Moçambique, Transnet Freight
A rice processing factory, which will benefit about 300 farmers in Timor-Leste (East Timor), has been inaugurated in Baucau, in the east of the country, the Australian embassy in Timor
Aniceto Bila said in Andulo district, 130 kilometers north of Kuito, that the funding allowed the consolidation of all activities including training of farmers, supplying seeds, fertilizer, and agricultural production
The World Bank funding, which involves the French Development Agency (AFD), is part of the SWIOFish program (“South West Indian Ocean Fisheries”) underway in the southwest Indian Ocean. The funding will
The Angolan subsidiary of Portuguese group Sumol+Compal plans to increase its investment in Angola by building a USD51 million factory, as part of a project launched in 2013, according to
Mozambique’s projected average annual inflation in 2014 has been revised downwards from 3.9 percent to 3.0 percent by the Economist Intelligence Unit (EIU) which also increased the forecast budget deficit
The Chinese-Brazilian satellite CBERS-4 program is ready to be launched, the coordinator of the Spacial Segment, Brazil’s Antonio Carlos de Oliveira Junior said Saturday in Beijing. The satellite is the fifth
Portuguese group EDP has been given approval to begin commercial operation of its first production facility in Brazil, the Santo Antonio do Jari hydroelectric plant, with an installed capacity of
In the statement available on the CMVM website the group said its board of directors had approved all “necessary measures to sell Oi’s stakes in Africatel Holdings, representing 75 percent
The results of a heavy sands prospecting program in Jangamo, Mozambique, are “excellent” and revealed quality surface mineralization’s, British company Savannah Resources said in a statement Thursday. The company said that
The Post Office in Angola (Correios de Angola) and the Western Union Company have signed an agreement to provide money transfer services for the first time to users of the
Commandante Gika, Angola’s biggest building project ever and one of the largest in Africa, is expected to be inaugurated within six months, said manager Sónia Campos, cited by Angolan daily
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