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News

Angola and Russia deepen economic cooperation

24 May 2017
| Angola
Angolan satellite AngoSat may go into orbit later this year, Telecommunications and Information Technology Minister José Carvalho da Rocha said in Luanda.

Macau receives 2.7 million visitors in April

24 May 2017
| China | Macau
The number of South Korean visitors entering Macau in April increased 48.7% year-on-year to 64,900 and Hong Kong visitors increased 25.3% to 608,800, according to figures published by the Macau Statistics and Census Bureau.

Mozambique fails to pay another loan installment

24 May 2017
| Mozambique
The Mozambican government has failed to pay another coupon for loans contracted by three state-owned companies, this one related to Mozambique Asset Management (MAM) in the amount of US$133 million, the Mozambican press reported.

Mozambican power company announces start of construction of Caia/Nacala transmission line

24 May 2017
| China | Mozambique
Construction work on the Caia/Nacala power transmission line in Mozambique begins in 2018, a project intended to increase the reliability of the electricity consumed in the provinces of Zambézia, Nampula, Niassa and Cabo Delgado, state-owned electricity company Electricidade de Moçambique (EdM) reported in a statement issued in Maputo.

Cabo Verde’s flagship airline stops flying between archipelago’s islands

24 May 2017
| Cabo Verde
Cabo Verde's (Cape Verde's) Transportes Aéreos de Cabo Verde (TACV) airline will no longer fly between the islands of the archipelago as of 1 August, and these routes will be provided by Binter Cabo Verde, the economy minister José Gonçalves said on Tuesday in Praia.

Year-on-year inflation in Macau is 0.8% in April

24 May 2017
| Macau
Prices in Macau in April rose by 0.8% year-on-year, driven by the increase in the cost of meals outside the home and school fees, as well as gasoline and external medical appointments, according to the Statistics and Census Bureau.

Sugar producers in Brazil concerned about China’s customs duty hike

23 May 2017
| Brazil | China
A rise from 50% to 95% on the customs duty applied to imported sugar decided by China may result in companies in Brazil failing to export about 800,000 tonnes of sugar to China over the next 12 months, the Union of the Sugarcane Industry (Unica) said.

Mozambican government seeks company to invest and restructure flagship airline

23 May 2017
| Mozambique
The Mozambican government is looking for a partner to invest in flagship airline Linhas Aéreas de Moçambique (LAM) to make it competitive nationally and internationally, the President of the Republic said at the end of his visit to the Netherlands.

AfDB supports Mozambique in the negotiation of gas production and distribution contracts

23 May 2017
| Mozambique
African Development Bank (AfDB) technicians on Monday began a training course aimed at managers of public institutions in Mozambique focused on planning and negotiation of gas production and distribution contracts.

Public company Recredit buys bad credit from Angola’s commercial banks

23 May 2017
| Angola
Publicly-owned company Recredit will support Angolan banks in recovering bad loans, said the country's finance minister, while presenting the new institution to public and private entities in the Angolan financial sector.

Angola linked to Brazil by submarine cable in 2018

23 May 2017
| Angola
The installation of the submarine fibre optic cable that will connect Angola to Brazil is expected to be completed in 2018, a project estimated to cost US$170 million, the chairman of Angola Cables said recently in Luanda.

Hundreds of hotel establishments in Angola are in technical bankruptcy

23 May 2017
| Angola
More than 500 hotel establishments in Angola are in a state of technical bankruptcy, and the businesses may close in the short term, according to data from the Association of Hotels and Resorts of Angola.

China supports creation of Special Economic Zone in Cabo Verde

22 May 2017
| Cabo Verde | China
China will support the creation of a maritime Special Economic Zone (SEZ) on the Cape Verdean island of S. Vicente, Chinese Foreign Minister Wang Yi said on Saturday at a meeting in Praia with his Cape Verdean counterpart Luís Filipe Tavares.

Headquarters of the Chinese-Portuguese-Speaking Cooperation and Development Fund in Macau inaugurated on 1 June

22 May 2017
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The Macau Special Administrative Region (MSAR) Secretary for Economic Affairs and Finance announced on Friday that the inauguration ceremony of the China-Portuguese-Speaking Cooperation and Development Fund in Macau will take place on 1 June.

Chinese citizens invest 1.9 bln in Portugal under “golden visa” scheme

22 May 2017
| Brazil | China | Portugal
Citizens of China have invested 1.9 billion euros in Portugal since October 2012 under the Residential Authorisation for Investment Activity (ARI) scheme, also known as the Golden Visa scheme, according to official figures from the Foreigners and Borders Service (SEF).

President of Mozambique raises investments in the Netherlands

22 May 2017
| Mozambique
A visit by the President of Mozambique to the Netherlands led to some deals, the largest related to a US$7 billion investment by Shell to produce diesel from natural gas, the Mozambican press reported.

Ninety companies produce 900 products “Made in Angola”

22 May 2017
| Angola | Portugal
Nearly 900 products from 91 micro, small and medium-sized companies currently brandish the "Made in Angola" seal, a government project launched about five years ago to encourage consumption of Angolan products, according to official figures for May.

Angola’s Biocom start selling electricity

22 May 2017
| Angola | Brazil
Angolan bioenergy company Biocom last week started the process of transmission of electricity produced through biomass processing to the country's electricity grid, managed by state-owned Empresa Nacional de Transporte de Electricidade (ENTE), said the company's production director.

Government of Portugal facilitates granting of golden visas for business investment

19 May 2017
| Brazil | China | Portugal
The Portuguese government has reduced the minimum amount of investment in small and medium-sized companies required to grant a residence permit to foreigners under the golden visas programme, the minister for Internal Administration said on Thursday in Lisbon.

Representatives of Portuguese-speaking countries attend International Infrastructure Investment and Construction Forum

19 May 2017
| China | Macau
Representatives of Portuguese-speaking countries will attend the 8th International Forum on Investment and Infrastructure Construction (IIICF), due to be held in Macau on 1 and 2 June, announced the Macau Institute for Trade and Investment Promotion (IPIM).

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