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Mozambique’s economy is expected to grow at a rate of 11.1 percent by 2023, by which time the exploitation of natural gas deposits in the north of the country is expected to have begun, according to the latest forecasts by the International Monetary Fund.
Trade between China and the Portuguese-speaking countries grew 21.50% on year from January to July 2018 to reach US$82.149 billion, according to official Chinese figures released by Forum Macau.
China and the Portuguese-speaking countries should take full advantage of the Macau platform, said the Secretary-General of the Permanent Secretariat of Forum Macau, who called for cooperation in the area of traditional Chinese medicine.
Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.
Entities from Mozambique and China on Sunday in Beijing signed eight memoranda of understanding in the areas of infrastructure, industry, telecommunications, agriculture and financial services, during a business forum opened by Mozambican President Filipe Nyusi.
Angola hosts the 13th Summit of Heads of State and Government of the Community of Portuguese Speaking Countries (CPLP), to be held in 2020, following a decision made at this year’s meeting on the island of Sal, Cabo Verde (Cape Verde), which elected Portuguese ambassador Francisco Ribeiro Teles as the institution’s new executive secretary, according to the local press.
The Portuguese-speaking African countries and Timor-Leste (PALOP-TL) will have access to 26 million euros provided by the European Union (EU) to support two projects to promote employment in the cultural sector and reforms in the management of public finances, which was signed on Wednesday on the island of Sal in Cabo Verde (Cape Verde), the EU delegation in the archipelago said.
Entrepreneurs want the subject of the economy to become a greater focus within the Community of Portuguese-Speaking Countries (CPLP) and allow them to take up room as economic leaders, the president of the CPLP Business Confederation (CE-CPLP) Jorge Carlos Fonseca, said during a hearing granted by the President of Cabo Verde.
The sixth ministerial meeting of Forum Macau, which had been scheduled for 2019, will be delayed until 2020, according to diplomatic sources linked to the institution.
The authorisation granted to Pan-African financial group Ecobank Transnational Inc. to set up Ecobank Angola has been cancelled following its expiration, “due to the repeated non-compliance with the legal deadline for the start of activity,” the National Bank of Angol said last week.
Cabo Verde’s (Cape Verde’s) national pharmaceutical products company, Emprofac has made its first sales abroad since it was established in 1979 with the recent shipment of goods to Sao Tome and Principe and two to Guinea-Bissau, said the president of the public company.
Five of the six Portuguese-speaking African countries are on the list of 44 states that have subscribed to the African Continental Free Trade Area (AfCFTA) project, which received a generally positive reception from civil society.
The government of Cabo Verde presented the website and logo of the Cabo Verde summit and presidency of the Community of Portuguese Speaking Countries (CPLP), which will take place in July on the island of Sal, in a meeting with the press on Friday in Praia.
The triangular relationship between Macau, China and Portuguese-speaking countries is “positive and virtuous” for the countries involved, helping to increase exports and attract investment, the chairman of the Portuguese Foreign Trade and Investment Agency (AICEP) said on Wednesday.
Trade between China and Portuguese-speaking countries from January to March 2018 totalled US$30.188 billion, a year-on-year increase of 25.91% according to Chinese Customs figures.
The Legis-PALOP legal database, an electronic platform that brings together legislation, jurisprudence and tenets from Angola, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique and São Tomé and Príncipe, will now include the legal system of Timor-Leste (East Timor), to be called Legis-PALOP+TL, according to an official statement.
The first Economic Conference of the Market of the Community of Portuguese Speaking Countries (CPLP) begins on Wednesday in Maputo, Mozambique, with the participation of about 350 people, including entrepreneurs, representatives of business associations, public foreign trade bodies, heads of state and members of the government of the CPLP countries, according to the organising body.
Co-operation in the tourism sector with benefits for both sides was the basis for the signing of a memorandum of understanding between the Macau Government Tourism Office (MGTO) and the Ministry of Finance, Commerce and the Blue Economy of São Tomé and Príncipe, the MGTO said in a statement released on Friday.
Non-governmental organisations or non-profit private associations from Angola, Cabo Verde, Guinea Bissau, Mozambique, Sao Tome and Principe, Timor-Leste and Portugal may apply for the financing of creative economy projects focused on valuing local products associated with the cultural heritage of their respective countries, Portugal’s Calouste Gulbenkian Foundation announced.
São Tomé and Príncipe, Guinea Bissau and Cabo Verde (Cape Verde), the three smallest Portuguese-speaking African economies, are expected to see economic growth in 2018 well above the average for the sub-Saharan Africa region, according to the latest forecast from the International Monetary Fund.