News

Angola’s Sonangol launches business restructuring programme

16 November 2018

| Angola

Angola's national oil and gas company (Sonangol) by 2021 will have reduced its structure but will be "more agile and financially robust," the group's president said on Thursday in Luanda.

Angola’s Sonangol sells its 25% stake in telecoms company Unitel

16 November 2018

| Angola

Angola's national oil and gas company, Sonangol, will sell its 25% stake in mobile telecommunications company Unitel, the group's chairman said on Thursday in Luanda.

Angola’s Biocom ends 2018 campaign with production of 73,000 tons of sugar

16 November 2018

| Angola | Brazil

Companhia de Bioenergia de Angola (Biocom) ended its 2018 campaign on Thursday with production of 73,000 tons of sugar, an increase of 21% year-on-year, the company's sales director said.

Guinea-Bissau and European Union sign new fisheries agreement

16 November 2018

| Guinea-Bissau | Portugal

Guinea-Bissau and the European Union (EU) signed a fisheries agreement on Thursday to allow vessels from some European countries to operate in the country's territorial waters, the fisheries minister said on Thursday in Bissau.

Concession holder invests in capacity increase at Beira port in Mozambique

16 November 2018

| Mozambique

The Mozambican government has approved an additional investment of US$290 million in the port of Be by concession holder Cornelder de Moçambique (CdM), the China-Lusophone Brief (CLBrief) reported.

Angola launches public tenders for the management of industrial development centres

15 November 2018

| Angola

The first public tenders to be the infrastructure of and manage Angola's industrial and rural development centres will be launched by the end of the year, the industry minister said on Wednesday in Luanda.

Cabo Verde wants to achieve full mobility in the Community of Portuguese Speaking Countries

15 November 2018

Cabo Verde (Cape Verde) "will do everything" it can to ensure that the full mobility of citizens within the Community of Portuguese Speaking Countries (CPLP) space is guaranteed "as soon as possible," said the Cape Verdean President.

New Executive Secretary of the CPLP takes office on 15 December

15 November 2018

Portuguese ambassador Francisco Ribeiro Teles takes office on 15 December as the new executive secretary of the Community of Portuguese Speaking Countries (CPLP), said on Wednesday the Cape Verdean Minister of Foreign Affairs and Communities.

Logistics Base of Pemba, Mozambique, may receive ships from January 2019

15 November 2018

| Mozambique

The Pemba Logistics Base (BLP) in Cabo Delgado province, northern Mozambique, is expected to be able to receive ships in January 2019, said the operational director at Portos de Cabo Delgado.

Crisis in Angola leads to a drop in cement consumption

15 November 2018

| Angola

Cement consumption in Angola stood at 26% of production at the end of October, due to the many construction works coming to a standstill and the shortage of foreign currency, said the president of the Angolan Cement Industry Association.

CPLP entrepreneurs call for free movement within the community of countries

14 November 2018

The Business Confederation of the Community of Portuguese Speaking Countries (CE-CPLP) hopes that during the Cape Verdean presidency of the organszation the issue of mobility will be overcome, said Jorge Spencer Lima, the outgoing vice president.

Angola’s parliament approves proposed law on coercive repatriation of assets

14 November 2018

| Angola

The draft law on forced repatriation and extended loss of assets, which establishes the procedures for the loss of assets to the state, was generally approved on Tuesday by the Angolan parliament, the local press reported.

Angola’s fishing plan costs US$475 million

14 November 2018

| Angola

The plan to manage fisheries and aquaculture in Angola will cost US$475 million, the director of the Office of Studies, Planning and Statistics of the Ministry of Fisheries and the Sea said in Luanda.

Angola increases salt production four-fold to 440,000 tons

14 November 2018

| Angola

Angola is expected to increase its salt production four-fold to 440,000 tons over the next five years, the Angolan minister of Fisheries and the Sea, Victória de Barros Neto, said on Tuesday in Luanda.

Mozambique revitalises production of sisal

14 November 2018

| Mozambique

The production, processing and export of sisal fibre from Mozambique will be the subject of new regulation, which is currently under development, said the director general of the Mozambique Cotton Institute.

Macau’s gaming sector was the one most affected by typhoon Mangkut

13 November 2018

| Macau

Gaming was the economic sector that suffered most from typhoon Mangkut hitting Macau last September, with the Statistics and Census Bureau (DSEC) estimating an indirect loss of 960 million patacas.

Syrah Resources signs another contract to sell graphite to Chinese company

13 November 2018

| China | Mozambique

Syrah Resources has signed two new contracts for the sale of graphite to be extracted at the Balama mine in northern Mozambique, one of which is with China's Qingdao Freyr Graphite Co., Ltd, the Australian company said in a market filing.

Cabo Verde International Fair to be managed by private entities

13 November 2018

| Cabo Verde

Cabo Verde's (Cape Verde's) chambers of commerce and tourism will take over the management of the Cabo Verde International Fair with the purchase of the state's 80% stake, said the secretary general of the Sotavento Chamber of Commerce, Industry and Services.

French-Angolan consortium plans to prospect for oil in São Tomé and Principe

13 November 2018

| São Tomé and Príncipe

São Tomé and Príncipe's National Oil Agency has begun negotiations with a consortium to sign an oil exploration contract in Block 01 of the archipelago's Exclusive Economic Zone, the agency's chief executive said.

Macau population reaches 663,400 people at the end of September

13 November 2018

| Macau

The population of Macau at the end of September totalled 663 400 people, a real increase of 4,500 people compared with the previous quarter, according to the region's Statistics and Census Bureau.

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