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

Business mission from Brazil visits Mozambique and Angola

A Brazilian business mission is due to begin a trip to Southern Africa with visit to South Africa, Mozambique and Angola, said the Brazilian Agency for Export and Investment Promotion

Portuguese-language tourism under discussion in Luanda

From 23 to 25 July Luanda will host the first meeting on tourism in the Community of Portuguese-speaking Countries (CPLP), an initiative of the Association of Angolan Travel Agencies and

Brazil to announce sales of 25 aircraft to Chinese airlines

The Brazilian government is due Thursday to announce the sale of around 25 Embraer aircraft to Chinese airlines, during the official visit of the President of China, Xi Jinping, said

MOZAMBIQUE | Fishing product exports from expected to raise USD80m in 2014

Fishing products from Mozambique are exported to European Union markets such as Portugal and Spain as well as to South Africa and China. According to a source cited by Mozambican daily

KENYA | Nairobi used as a hub to reach destinations in Asia

Kenya Airways will this month increase the flights on its Luanda/Nairobi route from two to three times a week the airline’s communications director said in Luanda. Ricardo Vieira Lopes said that

ANGOLA | 39 countries at the Luanda International Fair

Thirty-nine countries, including Angola, are signed up to take part in the 2014 Luanda International Fair (Filda), the event’s manager, Francisco Coutinho said Tuesday in Luanda. Speaking to Angolan news agency

PORTUGAL | Loan default rate hits highest level since 1998

Loan defaults by Portuguese families last May reached the highest level since 1998, according to the Bank of Portugal’s Statistical Bulletin published Tuesday in Lisbon. The bulletin said that nonperforming loans

BRIEFS: Angola linked to neighboring countries

Road links between Angola and neighboring countries will be in place by 2017, the director-general of the Angolan National Roads Institute (INEA) said. António Resende, speaking to Angolan news agency

Banco Espírito Santo expected to lose controlling stake in BES Angola

In 2013, following a capital increase from USD170.5 million to US$670.5 million, BES increased its stake from 51.94 percent to 55.71 percent, Angola’s Portmill kept a 24 percent stake and

MOZAMBIQUE | Tuna company Ematum due to start fishing this year

Mozambican tuna fishing company Empresa Moçambicana de Atum (Ematum) is expected to start fishing before the end of this year following the arrival in Mozambique, due in September, of the

ANGOLA | Public debt totals over USD33b at the end of 2012

The figure was announced by the minister at the presentation of the General State Account for 2012 at the country’s parliament. According to information published on the Finance Ministry’s website state

European Union supports projects over next seven years

The European Union plans to provide funding of around 210 million euros for development projects in Angola over the next seven years, according to information published by the EU delegation

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