Angola Portuguese businessman sells stake in Banco BIC

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

Mozambique hires consulting firm to study sale of natural gas

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

Mozambique among countries with highest growth in 2014

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

Angola | Moçâmedes Railroad receives three more locomotives

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

China’s Zotye Auto starts selling vehicles in Brazil

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

Luanda railway company takes delivery of rolling stock

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

China’s Fosun Int’l joins race to buy Portuguese healthcare firm ES Saude

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,

First vehicles produced in Mozambique on the market

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

Mozambique | Port of Maputo has greater processing capacity

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

Australia funds rice processing plant in Timor Leste

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

World Bank finances family farming in Angola

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

Funding to increase fishing in Mozambique

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

Angola | Sumol+Compal Group increases investment

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 inflation to total 3 pct in 2014, EIU says

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

Chinese-Brazilian satellite CBERS-4 ready to be placed in orbit

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

EDP begins sale of hydropower in Brazil

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

Brazil’s Oi group sells Portugal Telecom’s stake in Unitel Angola

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

Mozambique | Savannah Resources sees ‘excellent’ results in heavy sands prospecting

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

Angolan Post Office offers int’l transfers

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

Largest Angolan real estate project to launch in 2015

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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