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São Tomé and Príncipe signs Lusophone Compact

16 August 2019
| Portugal | São Tomé and Príncipe
The government of São Tomé and Príncipe signed an agreement known as the Lusophone Compact with the African Development Bank and Portugal, which aims to support development projects, during a ceremony held on Thursday in São Tomé.

Angola reduces visa issuance period for foreign investors and technicians to 15 days

16 August 2019
| Angola
The work visa for foreign investors and specialists/technicians in Angola will be issued in 15 days, the Secretary of State for Technical Assurance of the Ministry of the Interior said on Thursday in Luanda.

Luanda hosts first ExpoHotel Angola in September

16 August 2019
| Angola
The 1st edition of the ExpoHotel Angola fair, taking place alongside the 1st International Congress on Hotels and Tourism, will be held in Luanda from 26 to 29 September next, the chairman of the Association of Hotels and Resorts of Angola (AHRA) said on Thursday.

Angolan government seeks investors for mining concessions

16 August 2019
| Angola | China
The public presentation of the public tender for the granting of mining rights in Angola will take place from 27 August to 20 September in the cities of Luanda, Dubai, Beijing and London, according to the Ministry of Mineral Resources and Oil.

Mozambique-Malawi power interconnection carried out with German financial aid

16 August 2019
| Mozambique
Germany will help finance the Mozambique-Malawi electricity interconnection project under an agreement to be signed on Friday between German bank KfW and the Mozambican government, represented by Electricidade de Moçambique (EDM), according to official information.

260,000 more families in Mozambique will have access to electricity

16 August 2019
| Mozambique
The Mozambican government plans to launch a public tender for the purchase of electrical equipment and services to give 260,000 more households access to electricity in various parts of the country, said Mozambique's Minister of Mineral Resources and Energy.

Construction of New Luanda International Airport, Angola, scheduled for completion in 2023

15 August 2019
| Angola | China
Construction work on Luanda's New International Airport will be resumed later this year, with completion scheduled for 2023, Transport Minister Ricardo Viegas D'Abreu said on Wednesday.

Macau’s foreign exchange reserves exceed US$20 billion in July

15 August 2019
Macau's foreign exchange reserves reached 167.0 billion patacas (US$20.71 billion) at the end of July 2019, the Macau Monetary Authority (AMCM) reported.

Government of Mozambique grants sections of national roads under concession to private companies

15 August 2019
| Mozambique
Portions of Mozambique's five national roads will be delivered under concession to private operators to ensure their permanent maintenance and improved safety, the country's National Road Administration (ANE) has announced.

Vale Moçambique lowers coal production forecast to 10 million tonnes

15 August 2019
| Brazil | Mozambique
Climate and operational factors have led to Vale Moçambique's coal production forecast for 2019 being lowered from 14 million to 10 million tonnes, the company's chairman said on Wednesday in Maputo.

Bank of Mozambique reduces MIMO Rate by 50 basis points to 12.75%

15 August 2019
| Mozambique
The benchmark interest rate in Mozambique, known as the MIMO Rate, has been reduced by 50 basis points to 12.75%, according to a decision taken on Wednesday in Maputo by the Bank of Mozambique's Monetary Policy Commission.

Angola begins presentation of new oil blocks in September

15 August 2019
| Angola
The Angolan National Petroleum, Gas and Biofuels Agency (ANPG) is due on 3 September, in Luanda, to start the presentation of the public tender for oil blocks in the Namibe and Benguela basins, the agency said.

China Energy Engineering Corporation group builds thermal power plant in Mozambique

14 August 2019
| China | Mozambique
Somagec Mozambique, a subsidiary of the China Energy Engineering Corporation group, will build a coal-fired power station in Nacala-a-Velha district, Nampula province, Mozambican newspaper O País reported.

Mission from São Paulo State, Brazil, returns from China with announced investments

14 August 2019
| Brazil | China
The China 2019 Mission has raised investment intentions from Chinese companies and financial institutions worth US$24.8 billion over 10 years, said the governor of the Brazilian state of São Paulo.

Angola’s privatisation programme to comply with money laundering law

14 August 2019
| Angola
Angola's Privatisation Programme will comply with the Anti-Money Laundering and Terrorist Financing Act, Finance Minister Archer Mangueira said on Tuesday in Luanda.

Most companies to be privatised in Angola will be sold in 2020

14 August 2019
| Angola
Angola's Privatisation Programme (ProPriv) predicts that most of the 195 state-owned or partially state-owned companies will be divested by 2020, the Secretary of State for Finance and Treasury Vera Daves de Sousa, said on Tuesday in Luanda.

Angola hires World Bank to advise on privatisation programme

14 August 2019
| Angola
The Angolan government has hired the World Bank as a strategic consultant for the privatisation process of 195 companies, 32 of which are classified as national benchmarks, the minister of state for economic coordination said on Monday in Luanda.

Foreign direct investment in Cabo Verde increases by 54% in first quarter

14 August 2019
| Cabo Verde | Portugal
Foreign direct investment in Cabo Verde reached 3.14 billion escudos (US$31.9 million) in the first quarter of 2019, an increase of 54.61% year-on-year, the Bank of Cabo Verde reported in its Statistics Bulletin.

Brazilian company supplies coffee to two roasting plants in China

13 August 2019
| Brazil | China
Brazilian coffee company Café Santa Monica is expected to supply coffee to two roasting units to be built in China under a memorandum of understanding signed recently in Shanghai, InvestSP said in a statement.

Macau culture contributes to cultural construction of Greater Bay

13 August 2019
| China | Macau
Macau's culture, with its unique historical and human characteristics, the result of hundreds of years of exchange between Chinese and Western culture, contributes to the cultural construction of the Greater Bay, Macau's Chief Executive said on Monday.

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