FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
The government of Guinea-Bissau has begun distributing to farmers the agricultural production resources, namely seeds and fertilizer, donated by China at a ceremony last weekend in Bafatá. Official information indicates that
A cross-border logistics platform will be built in Luau municipality, Moxico province, to link Angola to the Democratic Republic of Congo and Zambia via the Benguela railway, Angolan Transport Minister
In the recent study on “Boosting the Power Sector in Sub-Saharan Africa – China’s Involvement”, the IEA estimates that Chinese companies were responsible for nearly 30 percent of newly added
Private investment in manufacturing is critical to the balanced development of the economy and employment growth in Angola, the minister of Economy said in Luanda, as cited by state newspaper
Portuguese meat products company Sicasal is preparing to transfer some of its production to Angola following a 50 percent drop in exports to the West African country, the company’s chairman
Sao Tome and Principe travel agency JBC Travel and Tours on August 30 is due to start flights between São Tomé and Lisbon, Portugal, via Johannesburg, South Africa, the company’s
China was the main destination for exports from Angola, mainly oil, in the first quarter of 2016, according to Angolan Finance Ministry figures. In the first three months of the year,
Angola and Portugal are identifying priority areas for cooperation in the agricultural sector, with a view to signing a two-year cooperation agreement, Portugal’s minister for Agriculture, Forestry and Rural Development
Fitch Ratings kept its “CC” rating on Mozambique’s long term credit in local currency and the short term rating in foreign currency at “C”, which means the country’s debt is
Angola’s decision to dispense with support from the International Monetary Fund (IMF) at a difficult economic and financial time was based on the idea of securing new financial support from
Hainan Airlines acquired 25 percent of the issue of TAP – Air Portugal convertible bonds for 30 million euros, announced the Chinese company in a statement this week. This transaction, carried
The need for diversification of Angola’s economy was the basis of a visit to three provinces of China by the new consul-general of Angola in Guangzhou, according to a statement
Chinese state group China Three Gorges (CTG) plans to invest in wind and solar power plants in Brazil, having spent more than 15 billion reais (USD4.5 billion) to acquire hydroelectric
A decision of the latest meeting of the Monetary Policy Committee of the National Bank of Angola has raised the basic interest rate for the Angolan market, the BNA, by
The economy of Cape Verde is expected to post maximum growth of 4.5 percent in 2016, according to the draft State Budget approved last week by the country’s government, the
Angola has received a quarter of all the loans China has granted to African countries in the last 15 years and Angolan state oil company Sonangol has received 84 percent
China’s ambassador to Portugal said in Lisbon that the Portuguese government is waiting for Chinese companies to get involved in the country’s energy, services, financial, insurance, medical, health, maritime business,
China will pardon 30 million yuan (about USD5 million) in bilateral debt owed by Mozambique, said the Chinese Deputy Trade Minister Zhang Xiangchen this week in Maputo. The announcement was made
The South Atlantic, where five Portuguese-speaking countries are located, has been a privileged area for key companies China in their efforts at globalization and Angola and Brazil are among the
The China Civil Aviation Authority has notified its counterpart in Portugal of the intention of Capital Airlines, of the Hainan Airlines Group, to start operating direct flights between Portugal and
Fitch Ratings downgraded the long-term debt rating in national and foreign currency of Mozambique from “CCC” to “CC”, the agency said in a statement issued Monday in London. The “CC” rating,
The government of Angola will extinguish 16 more companies in the industrial sector that are at a standstill and insolvent, according to a joint order of the Ministers of the
A direct air link between Lisbon and Beijing, a long-standing objective of the governments of Portugal and China, is about to become a reality, at a time when a Chinese
The dredging of the access channel to the port of Maputo to allow the entry of vessels of up to 80 tons of gross tonnage will begin in May following
A delegation with representatives of the governments of the Great Pearl River Delta will travel to Portugal next June to explore business opportunities, said Gloria Batalha Ung, director of the
Brazilian oil company Petrobras has taken on a loan of USD1 billion earlier than planned from the Export-Import Bank of China, the company said in a statement issued yesterday. In the
The President of Mozambique Filipe Nyusi is due to make an official visit to the Republic of China next week, with meetings scheduled with his counterpart Xi Jinping and other
Portuguese state financial group Caixa Geral de Depósitos (GCD) plans, from a base in Macau where it has a significant presence through the BNU bank, plans to function as a
The group of 14 countries and organizations providing direct support to the Mozambique Budget has decided to suspend aid to the country following the disclosure of debts omitted from the
The budget deficit in Portugal is expected to be 2.7 percent of GDP this year and 2.3 percent in 2017, the European Commission said this week in Brussels in its report on
Hunan Dakang Pasture Farming, a company of the Shanghai Pengxin group, has paid USD286 million to acquire 57 percent of Brazilian trading company Fiagril Ltd, reported financial news agency Bloomberg. In
Cape Verde, which is seen by analysts and the international community as a “safe haven” among Portuguese-speaking countries due to economic and political stability, is now at the beginning of
An international consortium, which includes the port company China Harbour Engineering Co, is projecting an investment of USD1 billion in a new port in Maputo province, to serve Mozambique and
Restoring confidence to setting up business partnerships is the aim of the new Angola-China Chamber of Commerce, whose governing bodies include important figures from Angolan society and the business world. The
Angolan oil production in March, according to secondary sources, totaled 1.778 million barrels per day (bpd), a real increase of 18,300 bpd, while Nigeria dropped by 39,400 bpd to 1.722
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