News

Angola is guest country and Guangdong the guest province of the 22nd Macau International Fair

22 September 2017

Angola will be the guest country and Guangdong will be the guest province of China at the 22nd edition of the Macau International Fair (MIF), which will take place from 19 to 21 October, said the Macau Institute for Trade and Investment Promotion (IPIM).

China Mobile eyes Brazilian mobile operator Oi

22 September 2017

| Brazil | China

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 telecoms operator Oi, Brazilian magazine Exame wrote.

Mozambique government projects economic growth of 5.3% in 2018

22 September 2017

| Mozambique

Mozambique's economy is expected to grow by 5.3% in 2018, up from the 4.7% forecast for this year, according to the proposed Economic and Social Plan and State Budget bill for the coming year, approved on Thursday by the government, the Mozambican press reported.

Amire Glory acquires Premier African Minerals’ forestry concession in Mozambique

22 September 2017

| Mozambique

Premier African Minerals has agreed with Amire Glory to sell its 52% stake in Mozambican company TCT Indústrias Florestais, whose assets include limestone deposits and forest concessions, the company said in a statement to the market on Wednesday.

Bauxite exploration in Guinea-Bissau depends on political stability

22 September 2017

| Angola | Guinea-Bissau

Angola is waiting for political stability in Guinea-Bissau in order to resume cooperation projects, particularly for exploration of bauxite deposits, said the Angolan ambassador to Guinea Bissau, Daniel António Rosa.

BNU Macau well placed to link China to Portuguese-speaking countries

21 September 2017

Banco Nacional Ultramarino is a particularly well-placed bank to promote the commercial relationship between China and the Portuguese-speaking countries, the chairman of the Portuguese state-owned financial group Caixa Geral de Depósitos (CGD) said in Macau on Wednesday.

Government of the State of Ceará, Brazil, seeks investors in China

21 September 2017

| Brazil | China

The "Acquario do Ceará" aquarium project was presented on Tuesday to officials of Chinese group Fosun International Limited by the governor of the Brazilian state, Camilo Santana, who is in China on an official mission, the state government said.

Brexit is not expected to negatively impact Mozambique’s trade relations

21 September 2017

| Mozambique

The United Kingdom's exit from the European Union is an opportunity to make more investments in Mozambique and will not have a negative impact on bilateral trade relations, the British Minister for International Trade said on Wednesday in Maputo.

Government of Mozambique intends to bring electricity to whole country by 2030

21 September 2017

| Mozambique

The Mozambican government remains committed to its goal of bringing electricity to the whole country by 2030, the Minister of Mineral Resources Leticia Klemens said on Wednesday in Maputo.

Angola LNG signs another contract for to supply liquefied natural gas

21 September 2017

| Angola

Angola LNG has signed a multi-year agreement with London-based Glencore Energy UK Limited for the sale of natural gas shipments to be placed around the world, according to a joint statement released on Wednesday.

Business people from Brazil interested in Angola meet in São Paulo

20 September 2017

| Angola | Brazil

Business people from Brazil interested in doing business in Angola are meeting on Wednesday in São Paulo for the launch session of the Brazil x Angola Business Programme, which includes a panel and several lectures, reported the Brazilian press.

Macau insurers estimate losses of US$362.5 million from typhoon Hato

20 September 2017

| Macau

The damage caused by typhoon Hato in Macau amounted to 2.9 billion patacas (US$362.5 million), according to estimates by insurance companies, the new chairman of the Monetary Authority of Macau said on Tuesday.

Sovereign Fund of Angola makes profit of US$44 million in 2016

20 September 2017

| Angola

The Sovereign Fund of Angola achieved a positive result of 7297 million kwanzas (US$44 million) in 2016, the first in its history, reversing the trend of consecutive losses recorded in the reports and accounts of the previous years, according to a a statement released in Luanda.

Government of Mozambique changes rates of Excise Duty

20 September 2017

| Mozambique

Tax charged on motor vehicles in Mozambique that are over seven years old will increase under a proposed law approved on Tuesday by the Mozambican Council of Ministers, the Mozambican press reported.

Ambassador of China says goodbye to São Tomé and Príncipe delegation attending Beijing Youth Festival

20 September 2017

| China | São Tomé and Príncipe

China's ambassador to São Tomé and Príncipe, Wang Wei, said goodbye on Tuesday to a group of 10 young São Toméans attending the 2nd Asia-Africa Youth Festival to be held in Beijing in the next few days, the Chinese diplomat told Macauhub.

Mozambique Energy Fund presents renewable energy projects

19 September 2017

| Mozambique

The Mozambican Energy Fund (Funae) on Tuesday is scheduled to present a portfolio of renewable energy projects worth an estimated US$500 million to help ensure that by 2030 the Mozambican population has full access to electricity, according to a statement issued on Monday in Maputo.

Portugal promotes itself as a tourist destination in China

19 September 2017

| China | Portugal

The largest tourism promotion campaign launched by Portugal in Beijing began in early September seeking to attract an increasing share of Chinese tourists travelling abroad, the China Daily newspaper reported.

Maputo Combined-Cycle Thermal Power Plant to start operating in August 2018

19 September 2017

| Mozambique

The Maputo Combined Cycle Thermoelectric Plant is expected to start operating in full in August 2018, after the first fuel is burned in January of that year, the director of Production Services of Mozambique's state electricity company, EdM.

Mozambican farmers hampered by Indian decision to limit pulses imports

19 September 2017

| Mozambique

India's decision to freeze imports of some types of pulses to protect local production prices has meant that a number of farmers in Mozambique have run out of markets to export their produce, according to Mozambican newspaper Notícias.

Mozambique’s banks are dependent on the state to grow

19 September 2017

| Mozambique

Mozambique's banking sector has become reliant on loans to the public sector to maintain growth due to the economic environment created by the state's financial default in 2016, according to consultancy BMI Research.

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