News

Angolan airline TAAG changes from public to limited company

21 September 2018

| Angola

Angolan flagship airline TAAG is no longer a public company and has become a public limited company, according to a presidential decree approved on Thursday.

The government of Angola legislates on civil aviation

21 September 2018

| Angola

Angola's National Company for the Exploration of Airports and Air Navigation (ENANA) will be split up into two new public companies, according to a presidential decree approved on Thursday.

Businesspeople from Taizhou consider investments in Angola

21 September 2018

| Angola | China

Businesspeople from the Chinese city of Taizhou in the coastal province of Zhejiang intend to invest in Angola in the health, education, agriculture and tourism sectors in Dande county, Bengo province, a Chinese source said on Thursday in Caxito.

Mozambique catches just 2,433 tons of tuna from January to August

21 September 2018

| Mozambique

Tuna fishing in Mozambique totalled 2,433 tons from January to the end of August, compared to an estimated potential of 200,000 tons, said the Deputy Director General of the National Fisheries Administration.

Cabo Verde launches an international public tender for sub-concession of marinas

21 September 2018

| Cabo Verde

The Cape Verdean National Ports Administration (Enapor) has launched an international public tender for the sub-concession of nautical recreational facilities - the marinas - the company announced in a statement.

Trade between China and Portuguese-speaking countries grows 21.50% from January to July

20 September 2018

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

Government confirms Icelandair as partner in privatisation of Cabo Verde Airlines

20 September 2018

| Cabo Verde

Icelandair is the strategic partner of the Cape Verdean government for the privatisation of the Cabo Verde (Cape Verde) flagship airline, according to a Cabinet resolution published in the country's Official Gazette.

Angola’s state reinsurance company starts operations in 2019

20 September 2018

| Angola

Angolan national reinsurance company, AngoRe starts operating only in 2019, as the business plan and shareholder composition is still being studied, an official source said on Wednesday in Luanda.

Single Electronic Window starts operating in Angola in 2019

20 September 2018

| Angola

The Single Electronic Window (SEW), an instrument to reduce bureaucracy and speed up trade formalities related to the import and export of goods, begins operating in Angola in 2019, an official source said Wednesday in Luanda.

Mozambique’s economy recovering, says the central bank’s governor

20 September 2018

| Mozambique

Mozambique's economy is recovering and major economic indicators show signs of a return to normality after a troubled period between 2014 and 2016, the governor of the central bank said in Maputo.

Portuguese investments are welcome in Angola, says João Lourenço

19 September 2018

| Angola | Portugal

Portuguese direct investments in Angola "are welcome," said on Tuesday in Luanda the Angolan President, who added that Portugal could play a leading role in the development of both countries.

Portugal increases export credit line to Angola

19 September 2018

| Angola | Portugal

Angola's export support facility will increase from 1 billion euros to 1.5 billion euros, Portuguese Prime Minister António Costa told a meeting with Portuguese businesspeople in Luanda, according to the Portuguese press.

Angola’s certified debt to Portuguese companies reaches US$105 million

19 September 2018

| Angola | Portugal

The certified debt of Angola's public entities to Portuguese companies is estimated at US$105 million and the non-certified debt is US$350 million, the Angolan Finance Minister said on Tuesday in Luanda.

Banco Nacional de Angola gives commercial banks autonomy in the sale of foreign currency

19 September 2018

| Angola

The National Bank of Angola (BNA) from 1 October will no longer carry out direct sales of currencies, the central bank said in a statement released on Tuesday.

Angola’s currency continues to depreciate against the dollar and the euro

19 September 2018

| Angola

The National Bank of Angola on Tuesday carried out another currency auction, placing US$55 million on the primary market, according to an official statement.

Cahora Bassa hydroelectric plant in Mozambique invests €500 million in 10 years

18 September 2018

| Mozambique | Portugal

The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company's electricity production system, said the company's chairman.

Mozambican contractors abandon more than 800 public works

18 September 2018

| Mozambique

More than 800 public works have been abandoned by contractors in Mozambique and several public managers will be made criminally and disciplinarily responsible for the situation, said the Minister of State Administration and the Public Administration.

Car assembly plant in Mozambique goes into bankruptcy and leaves only debt

18 September 2018

| China | Mozambique

The Matchedje car-assembly project in Mozambique, inaugurated in 2014 by the former President of the Republic, Armando Guebuza, has gone bankrupt leaving the state only with debts, said the Minister of Industry and Trade.

First forestry warehouse begins to be built in Angola

18 September 2018

| Angola

The first of six warehouses to be built in Angola to monitor timber exploration activities began to be built on Monday in Luena, Moxico province, with the laying of the first stone, according to Angolan news agency Angop.

Bank of Cabo Verde awaits CGD’s request to sell a stake in a bank

18 September 2018

| Cabo Verde | Portugal

The Bank of Cabo Verde (Cape Verde) is waiting for Portuguese group Caixa Geral de Depósitos (CGD) to apply for authorisation to sell its stake in one of the two banks it controls in the archipelago, the governor of the central bank said on Monday in Praia.

Get our latest news