Angola | Banking sector grows by 16pct in 2016, Deloitte says

The value of total assets of banks operating in Angola increased by 16 percent to 8.70 trillion kwanzas in 2016, compared to 2015, according to a

Mozambique | Deck of Maputo-Catembe bridge laid earlier than expected

The last section of deck of the bridge between Maputo and Catembe will be laid today, ahead of schedule by about three weeks, the Mozambican press reported.

Angolan gov’t to propose legislation to end monopolies

The Angolan government will submit to parliament a proposal for a competition law to bring an end to monopolies and other imperfections in the country’s market, the

East Timor, Australia agree on border delimitation

Australia and East Timor agreed on the full text of a draft treaty defining maritime boundaries, the Permanent Court of Arbitration said in a statement released in The Hague,

Brazil | China Mobile eyes telecom operator Oi

China Mobile, the world’s largest mobile operator with 874 million customers, has been negotiating with the Brazilian National Telecommunications Agency (ANATEL) for the possible purchase of Brazilian

Mozambique | Gov’t projects economic growth of 5.3 percent in 2018

Mozambique’s economy is expected to grow by 5.3 percent in 2018, up from the 4.7 percent forecast for this year, according to the proposed Economic and Social

Agreements between Brazil and China could represent USD9.9b in funding

The 14 agreements signed during the official visit of Brazilian President Michel Temer to China to attend the BRICS summit meeting in Xiamen, Fujian province, could represent

Angola loses status as largest oil producer in Africa to Nigeria

Angola was one of three member countries of the Organization of Petroleum Exporting Countries (OPEC), whose output fell in July, along with Iraq and Venezuela, according to

Mozambique | Maputo hosts Tokyo International Conference on African Development

Mozambique will host the Tokyo International Conference on African Development (TICAD) from today to Friday, an event that will be attended by foreign ministers, among other government

Chinese group HNA expands business by buying shares in duty-free stores

Chinese group HNA has acquired 16.2 percent of the Dufry group, raising its stake in the Basel-based group to 20.92 percent, which operates more than 2,200 duty-free

Mozambique | State power company plans to light up the whole country by 2030

Mozambique’s state- owned electricity company Electricidade de Moçambique (EdM) intends to light up the whole country by 2030, a project expected to cost over USD16 billion, chairman

Standard & Poor’s downgrades Angola’s credit rating to B-

Standard & Poor’s (S&P) downgraded Angola’s long-term credit rating in domestic or foreign currency from “B” to “B-“, but maintained a stable outlook, according to the latest

Cape Verde moves to create innovative Special Maritime Economic Zone

The project of the future Special Economic Zone (EEZ) of São Vicente, Cape Verde, is a priority for the government and the country is preparing to receive

Brazil | China interested in Angra 3 nuclear power plant

The China National Nuclear Corporation (CNNC) is interested in participating in the conclusion of construction of Brazil’s Angra 3 nuclear power plant which have been halted

Angola | First cotton harvest after independence

The first cotton harvest under Angola’s production recovery program is scheduled for July in the provinces of Malanje and Kwanza Sul with a symbolic result of 200

Mozambique | IFAD supports agricultural development

The International Fund for Agricultural Development (IFAD) will apply about USD150 million in the agricultural sector in Mozambique, which will be disbursed over the next

Bank of Mozambique opens new headquarters in Maputo

The Bank of Mozambique spent USD300 million of its own resources to build its new headquarters in Maputo, a set of three buildings in the city

Angola | Sonangol posts profit of USD68 million in 2016

Angola oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) posted net profit of more than 13 billion kwanzas (USD68 million) in 2016, the chairwoman of

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