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Chinese investment in Portugal was over 9 billion euros in 2018

18 June 2019
| China | Portugal
China's investment in Portugal at the end of 2018 exceeded 9 billion euros, involving energy, finance, insurance, telecommunications, waterworks, health, design and engineering, architecture, aquaculture and catering, among others, said the ambassador of China in Portugal.

Macau strengthens cooperation with Antwerp World Diamond Centre

18 June 2019
| Macau
Macau and the Antwerp World Diamond Centre in Belgium have agreed to extend cooperation channels to promote the development of the diamond industry and exchange between the two regions in order to promote mutual benefits and gains.

UN supports economic and social projects in Angola

18 June 2019
| Angola
The United Nations has provided US$284 million to finance economic and social projects in Angola within the framework of the sustainable development cooperation for 2020-2022, announced United Nations coordinator Paolo Balladelli.

Ports of Mozambique expected to handle more than 50 million tonnes in 2019

18 June 2019
| Mozambique
Mozambican ports are expected to handle more than 50 million tonnes of miscellaneous cargo by the end of the current year, thus exceeding the target set, Transport and Communications Minister Carlos Mesquita said.

Public subscription opens for sale of 2.5% of Cahora Bassa hydroelectric plant

18 June 2019
| Mozambique
The subscription of the 2.5% Initial Public Offering (IPO) of the Cahora Bassa Hydroelectric Plant (HCB) in Mozambique of 680 million shares at 3 meticais each started on Monday and runs until 12 July, the company announced.

Angotic forum to discuss agricultural technologies for Angola

18 June 2019
| Angola
The 10th edition of the Forum and Global Exhibition of Information and Communication Technologies (Angotic 2019), organised by the Ministry of Telecommunications and Information Technologies of Angola, begins on Tuesday focusing on agricultural technologies.

China donates 100 public transport buses to Mozambique

17 June 2019
| Mozambique
The Chinese government has donated 100 new buses for urban passenger transport in Mozambique.

China builds electricity grid for Luanda and Bengo in Angola

17 June 2019
| Angola
Leaders of Chinese company Power Construction Corporation of China (PowerChina) announced that by the end of August they will complete the last connections that will allow the electrification of more than 300,000 houses in Luanda, benefiting more than 2.5 million people .

Anadarko announces investment plan for natural gas exploration in Mozambique

17 June 2019
| Mozambique
US oil company Anadarko is due on Tuesday to formally announce its investment plan for exploration of natural gas in Mozambique.

Mozambique to build new Locumue dam in Niassa province

17 June 2019
| Mozambique
The Mozambican Minister of Public Works, Housing and Water Resources, João Machatine, laid the foundation stone for the construction of the new Locumue dam in Niassa province in northern Mozambique.

Bank of Mozambique removes Gapi directors

17 June 2019
| Mozambique
The Gapi Investment Company has no executive directors, after the Bank of Mozambique (BdM), on 4 June cancelled the special registration of the executive directors of the institution, António Souto and Anabela Mucavele, Mozambican news agency AIM reported.

Angola postpones introduction of VAT to October

17 June 2019
| Angola
The introduction of Value Added Tax (VAT, or IVA in Portuguese) in Angola, scheduled for 1 July, has been postponed to October, according to an agreement reached between the Government and the Business Technical Group (GTE) according to Angolan news agency Angop.

Angola’s Attorney General’s Office seizes three textile factories

14 June 2019
| Angola
An Angolan court has ordered the seizure of three textile factories located in the provinces of Benguela, Kwanza Norte and Luanda, the National Recovery Service of the Attorney General's Office (PGR) announced on Thursday.

Bringbuys Web Technology plans to install technology hub in Cabo Verde at the beginning of July

14 June 2019
| Cabo Verde | Macau
The conditions for the installation of a technological hub in Cabo Verde to provide services to West Africa "are all in place," and the project is due to move ahead in early July, the chair of Cabo Verde Tradeinvest said on Thursday in Praia.

Trade between China and Portuguese-speaking countries reaches US$46.254 billion from January to April

14 June 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
Trade between China and the Portuguese-speaking countries increased 11.99% in the period from January to April 2019 to US$46.254 billion, according to official Chinese figures released by Forum Macau.

Brazilian group in talks to sell stake in Angola’s Unitel

14 June 2019
| Angola | Brazil
Brazilian group Oi has "been in talks" with potentially interested parties in the purchase of its 25% stake in Angolan telecom operator Unitel, the group said in a market statement.

Angolan oil production rises to 1.471 million barrels per day in April

14 June 2019
| Angola
Angola's oil output rose by 74,000 barrels per day (bpd) last May to 1.471 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC) monthly report.

Angolan Finance Minister authorised to borrow US$500 million

14 June 2019
| Angola
Angola's finance minister has been authorised to take on a US$500-million loan from the World Bank Group's International Bank for Reconstruction and Development under a presidential dispatch.

Mozambique expects a significant increase in cashew production within five years

13 June 2019
| Mozambique
Mozambique plans to return to the cashew nut production levels it had in the 1970s over the next five years, said the national director of the National Cashew Institute (INCAJU).

Chinese investors spend US$700 million on building a cement factory in Mozambique

13 June 2019
| China | Mozambique
Chinese investors will spend US$700 million to build a cement plant with a nominal capacity of 500,000 tonnes in Mozambique, with work expected to start in 2021, daily newspaper Correio da Manhã reported.

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