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

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

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