Search Results for: Sao Tome
Brazilian aircraft manufacturer Empresa Brasileira de Aeronáutica (Embraer) delivered 18 jet aircraft to the commercial aviation market in China, the United States and Europe during the first quarter of 2017.
The People’s Republic of China will provide Sao Tome and Principe with “significant funds” over the next five years, said the prime minister of Sao Tome, Patrice Trovoada.
Trade between China and the Portuguese-speaking countries reached US$14.844 million in January February, an increase of 32.64% compared to the same period of 2016.
The Monetary Policy Commission of the National Bank of Angola decided to keep the country’s main benchmark interest rate, the BNA Rate, at 16%, as well as the 20% liquidity absorption and seven-day liquidity rate at 7.25% a year.
China intends to adopt a pragmatic programme of cooperation with São Tomé and Príncipe in order to open a new chapter in the bilateral relationship.
A cooperation agreement between China and São Tomé and Príncipe will soon be signed, launching a wave of Chinese investment in infrastructures in the African country.
Brazil’s Petrobras has completed the sale, announced on 23 September, 2016, of a 90% stake in the Nova Transportadora do Sudeste (NTS) transport company to a consortium including China’ sovereign fund.
The prime minister of São Tomé and Príncipe is due to travel to the People’s Republic of China on April 11 for a visit during which will sign several cooperation agreements.
São Tomé and Príncipe should be “very careful” not to borrow without “a 35% donation component” to finance projects.
China’s embassy in São Tomé and Príncipe was reopened on Monday after being closed for nearly 19 years.
São Tomé and Príncipe wants to boost tourism with the support of China.
The prime minister of Sao Tome and Principe said he believes that cooperation and partnership with China will transform the country and bring many positive aspects for economic development.
Cabo Verde (Cape Verde) from 16 to 18 June will host a meeting between businesspeople of the Community of Portuguese Speaking Countries (CPLP) and China under the theme “Promoting opportunities for economic cooperation between China and the Community of Portuguese Speaking Countries,” Cape Verdean investment agency Cabo Verde TradeInvest said onThursday. Ana Lima Barber also told the Inforpress news agency that the meeting is part of the framework to strengthen economic and business cooperation between China and the CPLP and aims to promote business opportunities in each country.
Patrice Emery Trovoada is already well-known beyond the borders of São Tomé and Príncipe, well into the region of Central Africa. In just a few weeks, his notoriety will significantly increase the world over as he arrives in Beijing to sign a historical co-operation agreement.
São Tome and Príncipe was admitted on Wednesday as member of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), announced the secretary general of the institution, Xu Yingzhen at the end of a meeting held in Macau.
Commercial activity in Angola will now require the existence of a Complaints Book with an individual identification label, which was officially launched on Wednesday in Luanda by the National Consumer Protection Institute (Inadec). The Minister of Commerce, Leal Constantino, said that following the measure coming into force, consumers now are more easily able to exercise their right to complain inspection bodies are able to recognise business sectors where consumer rights are most often violated, in order to put corrective measures in place.
The Obtala Limited group plans to make use of the closed forestry season in Mozambique to lay the foundations to expand its business and increase productivity of the ongoing operations in the country, the group said in a statement issued on Monday. The closed season on forest resource exploration imposed by the government of Mozambique from 1 January to 31 March of each year is also being used by the group to carry out maintenance and repair of equipment as well as to plan activities to the end of 2017.
The National Bank of Angola will select a group of five or six commercial banks that will be provided with 80% of the foreign currency that the central bank places on the primary market, according to the first five measures of a proposal on the “Adjustment of the operational framework of the foreign exchange market.” The five or six commercial banks selected from among the 28 operating in the Angolan market, are, according to the document cited by Angolan newspaper Expansão, Banco Angolano de Investimento, BIC, Banco Económico, Banco Millennium Atlântico, Banco de Negócios Internacional, and Banco Sol.
Economist Rodrigo Manuel Ferreira Brum will take on the role of Deputy Secretary-General of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries (Macau) at the suggestion of Portugal, the Consul General of Portugal in Macau said on Friday. The Consul General Vítor Sereno also said the delegate of the Agency for Investment and Foreign Trade of Portugal in Macau, Maria João Bonifácio, will be the new delegate for Portugal at Forum Macau, replacing him in the role.
Startimes Media, a company that provides television by subscription to about 10 million customers in Africa, plans to expand on the continent and Angola is one of the countries under consideration, said the Chinese carrier’s vice president of TV in Kenya, Mark Lisboa. The company currently operates in 14 sub-Saharan African countries, including Kenya, Uganda, Tanzania, Mozambique and South Africa.