img

News

Government of Mozambique approves Rovuma LNG project development plan

15 May 2019
| Mozambique
The Mozambican government has approved the development plan for the Rovuma LNG project to explore natural gas deposits in the Mamba zone of the Rovuma Basin Area 4 block, Italian group ENI said in a statement released in Milan.

ENI Group discovers another 250 million barrels of oil in Angola

15 May 2019
| Angola
An oil well estimated to contain 250 million barrels of light oil was discovered in block 15/06 in deep waters of the Angolan sea, Italian group ENI said in a statement.

Law firms operating in Angola subject to Industrial Tax

15 May 2019
| Angola
The new Industrial Tax Code of Angola requires law firms to pay Industrial Tax, in addition to introducing changes to the calculation of tax deductions and benefits, according to the Legis-Palop+TL legal database.

Angola and São Tomé and Príncipe strengthen cooperation guidelines

15 May 2019
| Angola | São Tomé and Príncipe
Angola and São Tomé and Príncipe have strengthened their broad lines of cooperation in various fields, under a verbal process signed on Tuesday in São Tomé between delegations of the two countries, according to the local press.

Macau economy expected to grow by 4.3% in 2019, IMF says

14 May 2019
| Macau
Macau's economy is expected to grow at 4.3% in 2019, with solid growth in the mid-term with an average of 4.2%, according to an assessment by the International Monetary Fund's Board of Directors.

Macau population reaches 670,900 in the first quarter of 2019

14 May 2019
| Macau
Macau ended the first quarter of 2019 with a population of 670,900 people, an increase of 3,500 in quarterly terms, according to the region's Statistics and Census Bureau.

Government of Angola seeks solution for state fishing company Peskwanza

14 May 2019
| Angola
The Angolan government will study the best route for restoration of state-run fishing company Empresa Nacional de Pesca Industrial (Peskwanza), which is practically bankrupt, the Fisheries and Sea Minister said recently.

Timor-Leste state company seeks funding under the China Belt and Road initiative

14 May 2019
| China | Timor-Leste
Timor Gap is negotiating with China to provide financing for the construction of the new port of Beaço, a facility that is part of the Greater Sunrise project, said the chairman of the state oil company.

Anadarko Petroleum announces new contract for the sale of natural gas to be extracted in Mozambique

14 May 2019
| Mozambique
The Mozambique LNG1 Company has signed a natural gas purchase agreement with JERA Co. of Japan and CPC Corporation of Taiwan, the Anadarko Petroleum Corporation reported in Houston.

São Tomé and Príncipe and Angola discuss enhanced cooperation in fisheries, tourism, transport and oil

14 May 2019
| Angola | São Tomé and Príncipe
Angola and São Tomé and Príncipe are expected to conclude negotiations leading to a new strategy to re-launch bilateral cooperation, the Angolan Secretary of State for International Cooperation said on Monday in São Tomé.

Angola is a strategic partner of China in Africa, says ambassador Gong Tao

10 May 2019
| Angola | China
Angola is an important strategic partner for China in Africa in the context of bilateral economic cooperation, the country's new Chinese ambassador Gong Tao said on Thursday in Luanda.

Macau Chief Executive begins an official visit to Portugal

10 May 2019
| Macau | Portugal
Macau's Chief Executive, Chui Sai On, officially begins a visit to Portugal on Saturday, which is due to end on 19 May, leading a regional government delegation, with activities in Lisbon and Porto, according to a recent statement.

French group Total expected to be the new operator of the Area 1 block in Mozambique

10 May 2019
| Mozambique
French oil group Total is expected to become the new operator of the Rovuma Basin Area 1 block in Mozambique after Chevron Corp. gave up buying Anadarko Petroleum Corp., according to reports released in the United States.

Anadarko Petroleum announces final investment decision in Mozambique on 18 June

10 May 2019
| Mozambique
The consortium led by the Anadarko Petroleum Corporation on 18 June in Maputo will announce the final investment decision for the natural gas exploration project in the Rovuma basin, the group announced in a statement issued in the Mozambican capital.

Angolan government prefers to take on debt from multilateral institutions

10 May 2019
| Angola
The Angolan government will favour debt contracted with multilateral institutions, such as the World Bank and the International Monetary Fund (IMF), under a strategy to reduce the country's levels of indebtedness, the finance minister said in Luanda.

Deutsche Bank opens credit line to finance Angolan entrepreneurs

10 May 2019
| Angola
Deutsche Bank has opened a 1 billion-euro credit line to finance Angola's private sector under an agreement signed on Wednesday in Luanda with the Ministry of Finance and Banco de Desenvolvimento de Angola, according to an official statement.

Timor-Leste’s non-oil economy expected to stagnate in 2018, IMF says

9 May 2019
| Timor-Leste
Timor-Leste's non-oil economy is expected to have virtually stagnated in 2018, with a growth rate close to 0.8%, after contracting by 4.5% in 2017 due to political and economic uncertainties, the International Monetary Fund (IMF) has said.

Angola’s public debt increases by 14.45% in 2018 to more than US$85 billion

9 May 2019
| Angola
Angola's public debt reached US$85.20732 billion or 79.66% of the Gross Domestic Product (GDP) at the end of 2018, an increase of 14.45% over the amount recorded in 2017, according to the National Bank of Angola.

Angola’s president appoints a new board for state-owned Sonangol due to the fuel crisis

9 May 2019
| Angola
The lack of fuel at Angola's fuel stations has led to the dismissal of the board of national oil and fuel company Sonangol, according to a presidential decree signed on Wednesday.

Angola finalises introduction of Value Added Tax

9 May 2019
| Angola
The Angolan General Tax Administration (AGT) is finalising details of Value Added Tax (VAT or VA in Portuguese) can be introduced on 1 July, said the coordinator of the group for the application of this tax.

Get our latest news

MACAUHUB MACAUHUB
MACAUHUB FRENCH