10TH CPLP SUMMIT | Lusophone countries plan to study joint oil production

The group will study joint exploration and production of oil and gas in the CPLP area and set up a consortium for onshore oil exploration in Timor-Leste, open to companies

China certifies 31 Portuguese dairy product companies

China has certified 31 Portuguese dairy product companies, which can now start exporting to the Chinese market, said the Portuguese deputy prime minister, Paulo Portas in Angra do Heroísmo after

Cape Verde wants to boost bilateral ties with Angola

“Given Angola’s high potential it is important to establish partnerships to boost the two-way relations in a variety of sectors,” said the Cape Verdean minister at the opening session of

Belarus plans to assemble tractors in Mozambique

Belarus plans to set up a partnership with Mozambican businesspeople to assemble agricultural tractors in the East African country using parts manufactured in Belarus, which was recently visited by Mozambique’s

Angola raises USD2 billion for national reconstruction

The statement issued Tuesday said that the government hired Banco Angolano de Investimentos (BAI) and Banco de Fomento Angola (BFA) as “financial consultants” to “structure, set up and intermediate” this

IMF mission visits Guinea Bissau

A mission from the International Monetary Fund (IMF) was due to start a week-long visit to Guinea Bissau in order to update the country’s macroeconomic data, said the country’s Ministry

Mozambican economy posts 7.5 pct growth in 1st quarter

The Mozambican economy grew by 7.5 percent in the first quarter of 2014, compared to the same period of 2013, the country’s National Statistics Institute (INE) said. According to information from

Rate of economic growth in Cape Verde continues to slow in 2nd quarter

Cabo Verde’s (Cape Verde’s) economic climate indicator continued on the downward trend seen in the previous quarter, which means economic growth continues to slow, the National Statistics Institute (INE) said

PORTUGAL | Real estate investment fund for Chinese investors launched

In a bid to take advantage of the interest and enthusiasm of private Chinese investors in real estate investment in Portugal, one of Portugal’s largest groups plans to launch am

China and Brazil move ahead with satellite program

China and Brazil have agreed to move ahead with the “China-Brazil Earth Resources Satellite (CBERS)” program by adding another satellite to it, CBERS 4A, the Brazilian press reported citing the

ANGOLA | Central bank has eye on problems at BESA

“A problem has been identified in the credit portfolio of Banco Espírito Santo and includes irregularities and defaulted loans,” said José de Lima Massano in the Angolan parliament. The governor

MOZAMBIQUE | Chinese company invests USD260 million in SEZ

Chinese company Dingsheng International Investments has already invested USD260 million of a total US$500 million to build infrastructure in the Manga-Mungassa Special Economic Zone, in Mozambique’s Sofala province, Mozambique’s Minister

Brazil and China sign agreements worth USD7.5 billion

Along with a number of energy, finance and industrial agreements signed Thursday in Brasilia in the presence of presidents Xi Jinping and Dilma Rousseff, the two nations also agreed to

East Timor oil fund grows

The Timor Leste (East Timor) Oil Fund at the end of the first quarter of the year totalled USD15.7 billion, according to a report on the fund from the first

Xi Jinping says that Brazil-China partnership is exemplar

The president of China, Xi Jinping, said Wednesday at the Brazilian Congress, in Brasilia that the partnership between Brazil and China was a great example of South-South cooperation. “Today the relationship

IMF says Angola does not need more loans

The International Monetary Fund (IMF) has ruled out the possibility of providing further loans to Angola as it has found “significant improvements” in the macroeconomic climate, management and transparency of

East Timor considers onshore oil block auction at the end of 2014

Timor Leste (East Timor) is considering launching its first auction of onshore oil blocks at the end of this year, the Oil & Gas Journal reported. The journal cited Timor-Leste’s

Macau helps train gaming sector staff from Mozambique

The Mozambican delegation is headed up by Arlindo Langa, the president of the National Gaming Commission of the Tourism Ministry. The Permanent Secretariat of Forum Macau is also working on

MOZAMBIQUE | Over 10 million people have domestic electricity

Around 10.2 million Mozambicans have access to electricity in their homes as a result of expansion of the power grid over the last 10 years, Mozambican daily newspaper Notícais reported

Maputo regains its place as a trade hub for Southern Africa

Development of the port of Maputo and the railway lines that link the facility, which is used by companies from South Africa and Zimbabwe, will be “great drivers of growth

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