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Macau’s GDP sees real contraction of 3.5% from January to September

15 November 2019
| Macau
Macau's economy contracted by 3.5% in real terms from January to September, with the decline seen in the third quarter reaching 4.5%, according to the Statistics and Census Bureau.

Mozambican president inaugurates road rebuilt by Chinese company

15 November 2019
| China | Mozambique
National Road No 6, which connects the port city of Beira to the village of Machipanda, on the Mozambique-Zimbabwe border, was inaugurated on Thursday by the President of the Republic, after the contractor, China's Anhui Foreign Economic Construction (Group ) Co., Ltd completed the repair and expansion works.

China and Brazil sign agreements during Xi Jinping’s visit

15 November 2019
| Brazil | China
Brazil and China signed agreements and memoranda of understanding in the areas of politics, economy, trade, agriculture, health inspection, transport, health and culture, during a visit to Brazil by President Xi Jinping, who on Wednesday met with President Jair Bolsonaro, Brazilian news agency Agência Brasil reported.

Angola and Italian group ENI work together on renewable energy, health and oil and gas research

15 November 2019
| Angola
The Angolan Government has signed five agreements with Italian oil group ENI, notably in the areas of renewable energy, health and oil and gas research, in a ceremony held on Wednesday in Rome, during the visit by President João Lourenço to the Vatican City.

Angolan banks authorized to sell currency without documentary justification

15 November 2019
| Angola
Private foreign exchange transactions will be carried out as of January 2020, without the need to present any documentation, as is currently required, the National Bank of Angola (BNA) announced in a notice posted on its website.

Angola’s oil production falls in October to 1.356 million barrels per day

15 November 2019
| Angola
Oil production in Angola fell by 43,000 barrels per day (bpd) in October to 1.356 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC) oil market report, released on Thursday in Vienna.

IMF forecasts strong recovery of Mozambique’s economy in 2020

14 November 2019
| Mozambique
Mozambique's economy is expected to see a strong recovery in 2020, coupled with a low inflation rate, according to projections from a mission of the International Monetary Fund (IMF), led by Ricardo Veloso, which was in Maputo from 6 to 12 November to assess the main indicators and the evolution of the country.

Macau businessman joins Marriott group to open luxury hotel in Porto, Portugal

14 November 2019
| Macau | Portugal
The building of Portuguese newspaper Jornal de Notícias (JN), in the northern city of Porto, will be converted into a hotel to be managed by the Autograph Collection by Marriott and will be named Hotel Journal in order to honour the building's past and perpetuate its memory, said Macau businessman Kevin Ho King Lun.

Angolan Parliament approves Law to Prevent and Combat Money Laundering

14 November 2019
| Angola
The draft Law on Preventing and Combatting Money Laundering, Financing Terrorism and the Proliferation of Weapons of Mass Destruction has been approved by the Angolan parliament, the Angolan press reported.

Public tender for mining in Angola extended for one month

14 November 2019
| Angola
The dates for the submission of proposals for the international public tender to grant mining rights in Angola have been extended by one month, the Ministry of Mineral Resources and Oil said in a statement issued on Wednesday in Luanda.

Sonangol, ENI and Total groups plan to prospect for oil in the Namibe and Benguela basins, in Angola

14 November 2019
| Angola
Angola's National Oil, Gas and Biofuels Agency (ANPG) has approved proposals presented by the Sonangol, ENI and Total groups for oil exploration in the Namibe and Benguela sea basins, during the session to open public tender proposals held on Wednesday in Luanda.

EIB lends 12.5 million euros to São Tomé and Príncipe for coastal protection works

14 November 2019
| São Tomé and Príncipe
The European Investment Bank (EIB) has approved a 12.5 million-euro loan to São Tomé and Príncipe to help finance the Água-Grande coastal protection project and rehabilitation and upgrading of the capital's coastal road, the EIB said.

Angola’s housing market is almost at a standstill

13 November 2019
| Angola
Angola's housing market has been almost at a standstill, with demand falling by 80% due to the lack of purchasing power of most of the population, as a result of the economic and financial crisis that the country has been facing since 2014, the vice-president of the Association of Real Estate Professionals of Angola.

Chief Executive of Macau presents a review of government activity

13 November 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

Civil construction showcased until Saturday in Luanda, Angola

13 November 2019
| Angola
More than a hundred Angolan and foreign companies will exhibit their products and services at the 16th Edition of Projekta/2019, which opens its doors on Wednesday, in the Luanda/Bengo Special Economic Zone.

Angolan diplomats will continue to focus on attracting foreign investment

13 November 2019
| Angola
The Angolan Foreign Ministry will seek to keep diplomatic action focused on attracting private foreign investment in order to help the ongoing process of economic diversification, Foreign Minister, Manuel Augusto wrote.

Premiums issued by Mozambican insurers fall in Q2

13 November 2019
| Mozambique
Premiums issued by insurance companies operating in Mozambique amounted to 3.325 billion meticais (US$52.1 million) in the second quarter of 2019, a 30.26% drop from the amount recorded in the first quarter, the Insurance Supervision Institute said.

23rd edition of Cabo Verde International Fair starts in Mindelo

13 November 2019
| Brazil | Cabo Verde | Portugal
The 23rd edition of the Cabo Verde International Fair (FIC) is due to be inaugurated on Wednesday in the city of Mindelo, on the island of São Vicente, by Prime Minister Ulisses Correia e Silva, and will take place over four days under the slogan “Cabo Verde, an economy in the Mid Atlantic.”

Privatisation of Cabo Verde Airlines due to be completed on 31 December, 2019

12 November 2019
| Cabo Verde
The sale of Cabo Verde Airlines (TACV) shares is proceeding “as normal” and will be concluded on 31 December, 2019, the Cape Verdean Government said in a statement issued on Monday in Praia.

Macau population reaches 676,100 people at the end of September

12 November 2019
| Macau
Macau's population was 676,100 at the end of September 2019, an increase of 4,100 over the previous quarter, according to the Statistics and Census Bureau.

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