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Mozambique/Malawi transmission line goes to tender by March 2020

22 October 2019
| Mozambique
The international tender for the construction of the power line between Mozambique and Malawi is due to be launched by March 2020, Mozambique's deputy minister of Mineral Resources and Energy said on Monday in Maputo.

Macau and Zhuhai cooperate to train staff in finance

22 October 2019
| China | Macau
The Macau Monetary Authority will cooperate with the Zhuhai Financial Work Bureau to train staff working in the financial sector under a memorandum of cooperation signed on Monday in Zhuhai, in Guangdong province next to Macau, during the Macau-Zhuhai Business Summit 2019, the institution said.

Fastjet airline suspends operations in Mozambique

22 October 2019
| Mozambique
Fastjet Mozambique will suspend domestic flight operations in Mozambique from midnight on Saturday, 26 October 2019, the airline said in a statement issued on Monday in Maputo.

China and Brazil say they want to continue promoting strategic partnership

22 October 2019
| Brazil | China
China and Brazil attach great importance to their bilateral relationship and want to continue promoting their comprehensive strategic partnership, according to the conclusion of a meeting held in Brasilia between Yang Jiechi, a member of the Political Bureau of the Communist Party of China Central Committee and Augusto Heleno, Minister of the Office of Institutional Security of Brazil.

Angola’s Sonangol wants to remain as a reference shareholder of Portuguese bank BCP

22 October 2019
| Angola | China | Portugal
Angola's national oil company Sonangol intends to remain a reference shareholder of Portugal's largest private bank Banco Comercial Português (BCP), the bank said in a statement issued on Monday, which refers to a meeting held last Wednesday in Luanda. 

Portugal’s non-financial sector owes 724 billion euros at the end of August

22 October 2019
| Portugal
The indebtedness of the Portuguese non-financial sector stood at 724.0 billion euros at the end of August, of which 319.8 billion euros related to the public sector and 404.2 billion euros to the private sector, the Bank of Portugal said in a statement released on Monday.

Debt renegotiation may allow Mozambique to return to capital markets

21 October 2019
| Mozambique
The acceptance of the proposal to restructure Mozambican tuna company Ematum's Eurobond issuance by holders could allow Mozambique to access the capital market once again and improve its relationship with some of its main creditors, according to the Economist Intelligence Unit.

Macau International Fair and PLPEX close with the signing of 85 protocols

21 October 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
A total of 85 protocols were signed and more than 400 meetings were held at the 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) Products and Services Exhibition 2019 (2019PLPEX) ), which closed on Saturday, 19 October, according to official information.

National Bank of Angola calls extraordinary session of Monetary Policy Commission

21 October 2019
| Angola
The Board of Directors of the National Bank of Angola (BNA) has convened an extraordinary session of its Monetary Policy Commission to be held on 23 October, the Angolan central bank said in a statement released on its website.

Angolan Competition Authority approves partnership between Sonangol and Total groups

21 October 2019
| Angola
The Angolan Regulatory Competition Authority (ARC) has authorised Angolan national oil and fuel company Sonangol and French group Total to set up a company to operate in the logistics, distribution and marketing of oil products, ARC said in a statement.

Syrah Resources announces a substantial reduction in graphite project workforce in Mozambique

21 October 2019
| Mozambique
Mining group Syrah Resources plans to immediately reduce its workforce by about 30 percent at its graphite mine in the Balama district of Cabo Delgado province, northern Mozambique, the Australian group said in an update on its performance in the third quarter of 2019.

Angola welcomes 1.4 million domestic and foreign tourists from January to June

21 October 2019
| Angola
The Angolan Ministry of Tourism counted 1.4 million domestic and foreign tourists across the country in the first half of 2019, the Secretary of State for Tourism, José Alves Primo announced recently.

Macau wants to help Greater Bay companies enter foreign markets

18 October 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
Macau will be able to serve the cities of the Guandong - Hong Kong - Macau Greater Bay by opening them to the outside and exploring markets in Portuguese-speaking countries, markets included in the Belt and Road initiative and international ones, the secretary for the Economy and Finance of the Macau Government said on Thursday.

Macau hires consulting firms to study the feasibility of a stock exchange

18 October 2019
| China | Macau
The Macau government has hired international consulting firms to study the feasibility of setting up a stock exchange denominated in Chinese currency, the Secretary for Economy and Finance Leong Vai Tac said on Thursday.

Macau’s BNU bank and IPIM team up to promote business between China and Portuguese-speaking countries

18 October 2019
| China | Macau | Portugal
Banco Nacional Ultramarino (BNU) has signed an agreement with the Macau Trade and Investment Promotion Institute (IPIM) to boost business between China and Portuguese-speaking countries, the bank's chief executive said on Thursday in Macau.

Angolan government plans to use part of revenue from selling companies to pay arrears

18 October 2019
| Angola
Part of the proceeds from the ongoing privatisation programme in Angola will be used to settle central government debts, Angola's new finance minister Vera Daves said in a press conference in Washington on Wednesday.

Fura Gems concludes purchase of ruby prospecting license in Mozambique

18 October 2019
| Mozambique
Mining group Fura Gems has concluded deal to buy a ruby prospecting license in the Montepuez district of Cabo Delgado province, northern Mozambique, which was initially announced in July 2018, according to a market announcement released in Toronto on Thursday.

Cabo Verde central bank predicts 5.0% economic growth in 2019 and 2020

18 October 2019
| Cabo Verde
Cabo Verde's economy is expected to grow at a rate close to 5.0% in 2019 and 2020, according to forecasts from the archipelago's central bank included in the monetary policy report published on Thursday in Praia, which said the macroeconomic environment. remained favourable.

China’s public companies are key in cooperation with Portuguese-speaking countries

17 October 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
China's state-owned enterprises are a key force in economic and trade cooperation between China and the Portuguese-speaking countries and in the construction of the multilateral Cooperation Platform, the director-general of the Central Government Liaison Office said on Wednesday in Macau.

Macau to end 2019 with an economic contraction of 1.3%, IMF says

17 October 2019
| Macau
Macau's economy is expected to contract by 1.3% this year and 1.1% in 2020 before returning to positive ground in 2024 at a rate of 0.3%, according to forecasts in the World Economic Outlook report released this week by the International Monetary Fund

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