ANGOLA | Minister urges US entrepreneurs to invest in transportation network

The Angolan Minister of Transportation urged American investors in Chicago to invest in rail transportation, heavy logistics and the maritime/port sector in Angola, the Angop news agency reports. “We still have

Trade between China and Lusophone countries reaches USD64.6b in first half-year

year, indicate official Chinese figures released yesterday in Macau. The figure for the first half-year includes USD20.463 billion (+2.25 percent) of Chinese exports to the eight Portuguese language countries and imports

Banco Espirito Santo may lose control in Angola

“If BES decides not to accompany the increase, either entirely or partly, it may no longer have a controlling stake and/or it will be diluted to a stake that will

Non-oil GDP in East Timor rises 7.8 percent in 2012

Non-oil Gross Domestic Product (GDP) in East Timor (Timor Leste) rose 7.8 percent in 2012, the spokesman for the Timor government and Minister of State and for the Presidency of

Embraer increases aircraft sales

Brazilian aeronautical company Embraer delivered 29 executive jets in the second quarter of the year, or 7 more airplanes than in the same period of 2013, which allowed the company

Unitel-STP launches telecommunications services in Sao Tome

Unitel-STP, a subsidiary of Angolan mobile phone operator Unitel, Tuesday launched its commercial telecommunications services in Sao Tome and Principe the company’s managing director, Manuel Lemos said. The announcement was made

Mozambique seeks funding for cashew production

Filomena Maiopué, director of INCAJU said that a 10-hectare plot had been selected to plant cashew trees, Vietnam, the project’s partner, had provided the necessary know how, but funding had

MOZAMBIQUE | Japanese business mission studies investment opportunities

A business mission from Japan headed up by the country’s deputy Foreign affairs Minister, Norio Mitsuya started a two-day visit to Mozambique to study investment opportunities and meet with Mozambican

TAP due to start flying to Guinea Bissau again in October

Flights between the Portuguese capital and Guinea Bissau operated by TAP will start again on 26 October, the chief executive of the Portuguese airline, Fernando Pinto said Monday in Lisbon. Pinto

Mozambique receives funding of USD32b for infrastructure

Mozambique is one of three of the main foreign investment destinations in Africa and over the next few years is expected to be home to infrastructure projects worth an estimated

Portugal is biggest foreign investor

Portugal topped the list of foreign investors in Mozambique in the first half of the year, with a total of US$248.8 million, accounting for 40.1 percent of investments approved by

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

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