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News

Maersk Drilling to carry out test drilling for oil to a depth of 3,628 metres in Angola

15 January 2020
| Angola
Maersk Drilling has been hired by French group Total to drill the deepest oil well in the world, off the coast of Angola and Namibia, to a depth of 3,628 metres, the company said in a statement issued on Tuesday.

Angola’s Endiama announces privatisation of hotel and logistics company in 2020

15 January 2020
| Angola
Hotel Diamante and the Enditrade company will be privatised this year, announced in Luanda the president of Angola’s state diamond company, Endiama.

260 cooperatives licensed to prospect for diamonds in Angola in 2019

15 January 2020
| Angola
Angolan diamond company Endiama granted licenses to 260 cooperatives in 2019 for semi-industrial diamond exploration, the company’s president said in Luanda.

Mozambique’s tax authority takes on services provided by Intertek Testing Services

15 January 2020
| Mozambique
The Mozambican Tax Authority (AT) has terminated a consulting services contract with Intertek Testing Services Ltd (ITS), a company which, among other services, conducted pre-shipment inspection of imported goods, the AT said.

Introduction of 5G in Brazil postponed until 2021/2022

14 January 2020
| Brazil | China
The introduction in Brazil of 5G mobile communications technology should occur at the end of 2021 or early in 2022, according to a projection from the Minister of Science, Technology, Innovation and Communications, Marcos Pontes, quoted by the Brazilian press.

Macau’s Statistics and Census Bureau has a new website

14 January 2020
| Macau
The Macau Statistics and Census Bureau (DSEC) since Monday has had a new website, with a new look and new functions, in order to improve user experience, the public body said.

Angola produces 9.121 million carats of diamonds in 2019

14 January 2020
| Angola
The diamond sector in Angola produced 9.086 million carats in 2019, a fall of 4.8% on year due to the closure of a mine, and with semi-industrial production the total was 9.121 million carats, the president of Angola’s national diamond company Endiama said on Monday in Luanda.

Angola may bring semi-industrial exploration of diamonds to an end

14 January 2020
| Angola
The semi-industrial exploration of diamonds in Angola may end in order to make the sector more competitive, transparent and efficient, said on Wednesday in Luanda, the president of Angola’s national diamond prospecting, exploration, cutting and marketing company, Endiama.

Angola’s new banknotes will be in circulation by the end of the first half

14 January 2020
| Angola
New kwanza banknotes are due to go into circulation in Angola in the first half of this year, the governor of the Bank of Angola (BNA), José de Lima Massano, announced on Monday in Luanda.

Government of Mozambique awaiting study to solve problems of LAM airline

14 January 2020
| Mozambique | Portugal
The major problem facing Mozambique's flagship airline LAM is financial, said the president of the Institute of State Asset Management (Igepe), speaking to daily newspaper Notícias.

Cabo Verde hosts second Investment Forum in July

13 January 2020
| Cabo Verde | Portugal
The Cabo Verde Investment Forum (CVIF) 2020 will be held from 1 to 3 July on Sal Island, the Deputy Prime Minister and Minister of Finance announced in a public presentation ceremony of this year's edition of the meeting, the presentation of the results of CVIF2019 and the Investment Platform.

Year-on-year inflation rate in Mozambique falls to 3.5% in 2019

13 January 2020
| Mozambique
The year-on-year inflation registered in Mozambique in 2019 fell by 41 basis points to 3.5%, said the National Statistics Institute (INE) in a note published on Friday.

State groups from India start investing in a natural gas project in Mozambique

13 January 2020
| Mozambique
Indian State Oil and Natural Gas Corporation (ONGC), Bharat Petroleum and Oil India have started to pay out their share of around US$2 billion for the natural gas exploration area 1 project in the Rovuma basin, northern Mozambique, reported the Economic Times of India.

Banks operating in Angola have five days to execute exchange operations

13 January 2020
| Angola
Commercial banks have a maximum period of five working days to execute foreign currency sale operations to customers from 10 February, said the National Bank of Angola (BNA) through instruction 01/2020 of 10 January.

Angolan citizens can acquire US$120,000 in currency per year

13 January 2020
| Angola
Angolan citizens can now buy foreign currency in the value of up to US$120 billion dollars per year for travel expenses, transfers of a private nature, including for family support, said the National Bank of Angola.

Insurance premiums grow 36% in Angola between 2014 and 2018

13 January 2020
| Angola
The value of accumulated insurance premiums for companies operating in Angola from 2014 to 2018 reached 582.117 billion kwanzas (US$1.190 billion), representing growth of 36% on the year, said the Regulatory Agency for Insurance Supervision of Angola.

China increases imports of pork and Brazil reaps the benefits

10 January 2020
| Brazil | China
China will increase imports of pork and release part of the state reserve to ensure supply and stable prices before the Lunar New Year holiday, announced on Thursday in Beijing the spokesman of the Ministry of Foreign Affairs, Geng Shuang.

Survey on the introduction of a tourist tax in Macau brings up differences between respondents

10 January 2020
| Macau
A feasibility study on the levying of a tourist tax in Macau has shown differences among the respondents, with residents favourable to its introduction and tour operators against it, said the Macau Government Tourist Office (MGTO).

World Bank expects Angola’s economy to grow by 1.5% in 2020

10 January 2020
| Angola | Cabo Verde | Guinea-Bissau | Mozambique
The World Bank predicts that the Gross Domestic Product of Angola will grow at a rate of 1.5% this year, which is a decline of 1.4 percentage points in relation to the forecast announced in June 2019, according to the Global Economic Outlook report published in Washington.

Port of Nacala, Mozambique, increases cargo handled in 2019

10 January 2020
| Mozambique
The Northern Development Corridor (CDN), the concessionaire company of the port of Nacala, in Nampula province, northern Mozambique, handled more than 2.2 million tonnes of general cargo in 2019, an annual increase of 16%, the company said.

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