Day: September 14, 2016

14 September 2016

The Sands China group on Tuesday the “Parisian” resort in Macau, an investment of US$2.9 billion and the US group’s latest since it was awarded a gaming concession in 2004.

14 September 2016

A delegation from the Mozambican province of Inhambane, headed by Governor Daniel Chapo, visited Fujian province in southern China, looking for potential investors for the infrastructure sector, according to Mozambican newspaper Noticias. The mission, which included heads of the fisheries, sea, tourism, culture and trade sectors as well as the head of Investment Promotion Centre seeks investors for the construction of the Mapinhane-Pafúri road, on the border with South Africa, whose investment is estimated at US$700 million, and for a cement factory in Pambara.

14 September 2016

Mozambique’s President, Filipe Nyusi in Manica on Monday, said Mozambique should start to take advantage of its natural wealth, daily newspaper Notícias reported. Speaking at the opening of the First Business Forum of the Agricultural and Fishing sectors, the Head of State recalled that agriculture is the basis for the development of Mozambique but only contributes 25% to the country’s Gross Domestic Product (GDP).

14 September 2016

The President of the Republic of Mozambique, Filipe Nyusi on Wednesday is due to start a visit to the United States with an economic and political agenda intended to overcome the difficulties facing the country involving the World Bank and the International Monetary Fund (IMF). On this trip, the President is accompanied by the Ministers of Foreign Affairs and Cooperation, Oldemiro Baloi, Industry and Trade, Max Tonela, and Earth and Environment and Rural Development, Celso Correia.

14 September 2016

Angolan air carrier Taag will resume flights to Mozambique from the end of October with two weekly flights between Luanda and Maputo, at times that will allow connections to Portugal and South America, said the airline’s spokesman, Carlos Vicente. TAAG will operate the flights, beginning on 2 November, using a Boeing 737-700 aircraft.

14 September 2016

The new international airport in Luanda, which should become operational in mid 2017, has so far cost US$6.3 billion according to a study by Portuguese news agency Lusa. The news agency reported that the airport’s construction is in the hands of the China International Fund (CIF), hired by the Angolan government for US$3.8 billion.

MACAUHUB FRENCH