MOZAMBIQUE | Government to issue new oil and gas prospecting licenses

The approval of the proposed Oil Law will allow the Mozambican government to issue new prospecting licenses to companies that will have to partner state oil and gas company Empresa

Angola | Coffee seedlings distributed to producers

More than 20 million coffee seedlings are due to be produced by the end of the year, according to the director of the National Coffee Institute of Angola (INCA), João

East-Timor aims to attract investment from China via Macau

East-Timor’s (Timor-Leste) new delegate to the Permanent Secretariat of Forum Macau aims during his three-year term to attract more investment to his country from China and the Portuguese- speaking countries, reports

Mozambican government to legislate on natural gas

The Mozambican government plans to legislate on the liquefaction process for natural gas from areas 1 and 4 of the Rovuma Basin in Cabo Delgado province, indicates a legislative authorization

China Railway Construction completes rebuilding of Angola’s Benguela railroad

The company’s director for the project, Liu Feng, said the line was the longest of Angola’s three major railways, besides being the fastest. It links the port city of Lobito

Stadium financed by China to open in Cape Verde on 23 August

The National Stadium of Cabo Verde will be inaugurated this coming 23 August with a football game played by the Barlavento and Sotavento women’s teams, the sports complex’s manager Inácio

Sasol builds new gas pipeline between Mozambique and South Africa

The 127 km long pipeline will connect Temane to Zivine in the Funhalouro district, where a small junction with the first pipeline is being built. The earlier pipeline supplies natural

Angola| Stock exchange scheduled to open in November

Angola’s stock and debt exchange (Bolsa de Dívida e Valores de Angola – Bodiva) is scheduled to open in late November, the head of the institution, António Furtado, told the

Chilean president visits Angola and Mozambique to strengthen bilateral ties

In Luanda, Bachelet is expected to review with Angolan authorities the main areas where Chile aims to cooperate with Angola. Chile’s recently appointed ambassador in Angola, Gabriel Zepeda, mentioned agriculture,

World Bank warns of Mozambique’s economic ‘vulnerability’

The Mozambican economy should grow at a pace above the average for sub-Sahara African countries in 2014, but “remains vulnerable” to risks associated to metal and energy prices, warns the

China the second main market for automobiles made in Portugal

China is the second main market for automobiles produced in Portugal, surpassed only by Germany, the Portuguese Automobile Trade Association (ACAP) reported in Lisbon. Sector production figures show that between January

Angola modernises tax system to attract business investment

Angola has been working for the last three years to modernise its corporate tax system to make it more effective and attractive with respect to investment and taxes on consumption

Indian consortium to invest USD300 million in Mozambican coal mine

Verma also heads the state-owned Steel Authority of India Ltd (SAIL). He said the consortium has begun formal talks with the likewise Indian Tata Steel, which controls a 35 percent

2014 Maputo International Fair scheduled for 25-31 August

The 50th Maputo International Fair (Facim) will be held from this coming 25 to 31 August, with the participation of 25 countries and territories confirmed to date, the head of the

World Bank announces USD75 million financing for Mozambique

In the first case, the donation is meant to assure more transparency and efficiency in spending to supply, store and distribute medicines, and in school management, indicates the statement released

Brazil open to strengthening agricultural cooperation with Angola

Brazil is open to more extensive cooperation with Angola so that the latter can once again become one of Africa’s top agricultural producers, the Brazilian ambassador in Angola, Ediuliza Fontenele

Mozambique forecasts more exports to the USA

Minister Armando Inroga said the figure represented a major increase in Mozambican exports to the American market, which in the last five years have stood at around US$76 million. He

Angola the sub-Saharan country with highest growth since 2007

Angola has posted the highest economic growth in sub-Saharan Africa since 2007 and stands among countries with the highest per capita gross domestic product, the director of the Department of

Angola | Gov’t lowers projected economic growth in 2014 to 6 pct

During the summit meeting between the United States and about 50 African leaders under way since Monday in Washington, Vicente stated that the growth rates result from “improvements in the

China sells trains to Rio de Janeiro, Brazil

The trains were obtained from the state-owned China CNR Corporation Limited and comprise four trains with four carriages each. Each train can carry 1,200 passengers. The new trains are equipped with

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