Angolan group starts internationalization in Lisbon

Angolan group Sociedade Comercial de Investimentos Gerais (Socinger) will begin its process of internationalization by opening a 4-star hotel as part of the Skyna Hotels chain in Lisbon, Portugal, the

Mozambique | Japan supports competitiveness of over 200 products

More than 200 Mozambican products are being made more competitive for national and international markets as part of a program supported by the Japan International Cooperation Agency (JICA), according to

Angola | Completion of Benguela Railway will boost economic growth

The project, which is being carried out by China Railway Construction, one of China’s largest construction groups, involved reconstruction of 1,344 kilometers of the railway and took around 10 years

Cape Verde receives 273,000 tourists in first half of the year

Analyzing the figures by quarter, it appears that in the second quarter hotel establishments welcomed 110,900 tourists, an increase of 4.3 percent year on year and 4,600 in real terms,

Local economic growth slows to 8.1 pct in 2Q

The bureau explained that the economic slowdown in Macau between the first and the second quarter was due to the downturn in exports of gaming services, “which led to the

Portuguese-speaking countries should export food to China, IPIM says

The president of the Institute for Macau Institute for Trade and Investment Promotion (IPIM) said Tuesday in Maputo, that Portuguese- speaking countries (PLP) could strengthen their trade relations with China through

Angola|Government grants new oil concessions to Sonangol

The government of Angola has awarded concession rights for oil exploration rights in onshore areas of the Lower Congo and Kwanza basins to state company Sonangol said the Secretary of

Chery Automobile opens first factory in Brazil

Chinese group Chery Automobile is opening its first factory in Brazil and also the first outside China, following investment of US$400 million, the Brazilian press reported. With the commissioning of

Macau company builds 50,000 social flats in Mozambique

Signed Tuesday during the “10th Business Meeting for Commercial and Economic Cooperation between China and the Portuguese-Speaking Countries (PLP),” which Maputo hosted for the second time, the project is expected

Angola builds banana processing unit

processing unit in Angola is scheduled to start operating at the end of the year in Caxito, Bengo province, followed in the first quarter of 2015 by a tomato-processing unit,

Angola prepares management plans for river basins

The minister also said another study was being prepared being prepared to draw up management plans for the Keve Longa river basins as well as the Bengo and Dande basins.

Mozambique | Macau delegation attends opening of the 50th Maputo International Fair

Seeking investment opportunities in Mozambique, a country that has maintained annual growth rates of around 7 percent, a business delegation from Macau travelled to Facim as part of the “10th

Angolan groups target telecommunications and banking sector in Cape Verde

According to a recent issue of the Africa Monitor Intelligence newsletter, Cabo Verde’s telecommunications carrier CV Telecom, owned by the state and Portugal Telecom, is currently losing its market-leading position

Stadium funded by China opens

The first official game at the National Stadium in Cabo Verde (Cape Verde) will be held on 10 September, when the Cape Verdean national team will play Zambia a second

Angola expected to produce over 2m barrels of oil per day in 2016

Oil production in Angola is expected to reach between 2.1 and 2.2 million barrels per day in 2016, ratings agency Moody’s said in a statement on the country’s sovereign risk

Maputo International Fair receives 2,700 applications for registration

The Maputo International Fair (Facim) this year has 2,700 companies registered, 700 more than last year, representing 26 countries, said the president of the event’s organizer. João Macaringue, president of Mozambique’s

Macau banking system has USD127b in international assets

The banking sector’s international liabilities totaled 968 billion patacas (US$121 billion) in the period, or an increase of 10.1 percent since March 2014 and 31.9 percent compared to June 2013. International

Standard & Poor’s lowers projection for growth of Angola’s economy

Standard & Poor’s lowered its growth forecast for Angola from 8 percent to 4.5 percent this year with a “stable” outlook, according to the latest report on the country. The S&P

Angola | Re-launch of production by LNG consortium expected only in 2015

The Angola LNG consortium is only expected to start producing liquid natural gas (LNG) once again in 2015 after a stoppage in April of this year following an accident at

Chinese group BYD analyses construction of a second factory in Brazil

Chinese group BYD is analyzing construction of a mobile phone battery factory at the Manaus Industrial hub, in the capital of the Brazilian state of Amazonas, the Brazilian press reported. The

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