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Angola’s budget for 2017 reaches USD44 billion
The Angolan State Budget (OGE) for 2017, analyzed on Friday by the Council of Ministers in Luanda, provides for overall revenues and expenses in ... -
Portugal is 6th European country to receive most investment from China
Portugal is on the list of European countries that received most investment from China in 2015, according to a study by the ESADE Business ... -
Guinea-Bissau Chinese company to build biomass power station
The government of Guinea-Bissau last week signed an agreement with Chinese businessman Xuguang Li, president of Shenyang Lan Sa Trading Co Ltd, for the ... -
Angolan business mission takes part in Guangzhou Fair
Guangzhou Fair A delegation of the Angola-China Chamber of Commerce, led by President Arnaldo de Sousa Calado, is participating in the Guangzhou Fair, Guangdong ... -
Angola starts exporting coffee to the United States
The first load of coffee from Angola, weighing 11 tonnes, has arrived in the United States, said this week in New York the ambassador of Angola ... -
Mozambique | Gov’t projects economic growth of 5.5 percent in 2017
The draft Economic and Social Plan (PES) for 2017 approved this week in Maputo by the Mozambique government includes an economic growth forecast of 5.5 percent, ... -
China to back training centre in Angola
China will build an Integrated Vocational Training Centre (Cinfotec) in Huambo province in 2017, the minister of public administration, labor, health and social security ... -
Large diamond discovered at the Lulo concession
Australia’s Lucapa Diamond Company has discovered at the Lulo concession in Angola yet another very large diamond, weighing 172.67 carats (35.534 grams), the company ... -
West Africa seeks funds from China for transport projects
A lack of roads is seen as one of the greatest barriers to the development of inter-African economic relations and for the Economic Community ... -
Mozambique | IMF mission due to arrive this week
A mission from the International Monetary Fund (IMF) is due to arrive tomorrow in Maputo to assess what measures Mozambique should take to regain ... -
BCP negotiates sale of stake with Chinese group Fosun
The process of Chinese group Fosun taking a stake in Portuguese bank Banco Comercial Portuguese (BCP) is expected to be completed by the end ... -
Inflation rate exceeds 35 percent in July
The inflation rate in Angola stood at 35.30 percent in July, while prices increased 4.04 percent year-on-year, according to a statement released recently in ... -
Angola | Gov’t wants to set the price of airline tickets
Airlines operating in Angola will now set their ticket prices based on the country’s economic reality, according to the Regulation on Air Transport, whose ... -
CCCC may buy construction company in Brazil
Camargo Corrêa, one of the largest construction companies in Brazil, has been put up for sale and may be acquired by the China Communications ... -
Angola has new finance minister
The chairman of the Angolan Capital Market Commission, Augusto Archer de Sousa Mangueira, is the new Minister of Finance of Angola, replacing Armando Manuel, ... -
Embraer sells aircraft in China
Chinese airline Colorful Yunnan General Aviation Co. has ordered two Phenom 300 light executive jets from Brazilian aeronautical manufacturer Empresa Brasileira de Aeronautica (Embraer), ... -
Fosun Group starts talks to buy 16.7 percent of BCP bank
The board of Portuguese bank Banco Comercial Portuguese (BCP) will start talks with Chinese group Fosun that in July proposed the immediate purchase of ... -
Angola introduces new customs tariff in 2017
The Angolan General Tax Administration (AGT) is developing a new customs tariff to come into force in 2017 in collaboration with public and private ... -
Mozambique complies with IMF recommendations
The Minister of Economy and Finance of Mozambique last week restated the government’s commitment to comply with the recommendations and the timetable set out ... -
Angola | Largest Special Economic Zone opens up to private investors
The largest Special Economic Zone in Angola, the Luanda-Bengo SEZ (ZEELB), which was built with the support of China, will open most of its ... -
US finances management plans for two natural parks in Angola
The United States Agency for International Development (USAID) this week in Menongue submitted the management plans for two recently created natural parks in Angola, ... -
M&A | The gold medal for buying up Brazilian assets goes to China inc.
China may be lagging behind in the medal count during this year’s Olympic games in Rio de Janeiro, but it’s winning the competition for ... -
Human resources focus in next cycle of China-Africa economic cooperation
The cycle of expansion based on raw materials, which has sustained growth of economic relations between China and African countries like Angola, is playing ... -
Angola | Year-on-year inflation over 35 percent in Luanda
Year-on-year inflation in Luanda reached 35.30 percent in July, up 24.89 percent over the figure recorded a year ago, Angola’s National Statistics Institute announced. ... -
Mozambique | President aims to boost population’s access to financial services
More than 90 percent of Mozambique’s population does not have a bank account and there is a consequential need to bring financial services closer ... -
Portugal’s public debt in June the highest ever
Portugal’s public debt stood at 240.1 billion euros or 131.6 percent of gross domestic product at the end of June, the highest indebtedness ever, ... -
Energy the ‘light at the end of the tunnel’ for Mozambique’s economy
Mozambique’s energy sector, which includes major projects being launched by Chinese companies, offers the country the best prospects to overcome the current adverse economic ... -
Revision of Angola’s 2016 budget delivered to parliament
The proposed revision of Angola’s state budget for 2016 was forwarded this week to parliament, where MPs will now review and vote on the ... -
Angola | Economy minister proposes structural change of economy
The economic, financial and foreign exchange situation of Angola, owing to an external shock, requires a structural change of the economy to ensure the ... -
Cape Verde’s public debt exceeds USD2 billion
Cape Verde’s public debt amounted to 199.5 billion escudos at the end of March and 205.9 billion escudos (USD2.070 billion) at the end of ... -
Mozambique | Brazil’s Vale group closes agreement on coal, railway line
Brazil’s Vale group has completed the process of renegotiating the deal reached in 2014 with Japan’s Mitsui & Co group for the sale of ... -
Angola | Difficulty obtaining currency affects cement production
The difficulty of obtaining foreign currencies to import raw material means the Secil Lobito cement company’s production and sales should this year drop 25 ... -
Angola | Cut diamonds exported to United Arab Emirates
The state-held company Angola Polishing Diamonds exported 4,462 carats of cut diamonds to the United Arab Emirates last June, invoicing about USD3.1 million at ... -
Funds raised for diamond mining venture
Canada’s Gem International Resources raised 1.2 million Canadian dollars upon completion of the second phase of a private share placement that earned 400,000 dollars, ... -
Mozambique | Foreign shippers authorized to operate along coast
Foreign ship owners can operate cabotage (coasting trade) service in Mozambique per the terms of a government-approved decree-law, Transport and Communications Minister Carlos Mesquita ...
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