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Angola and World Bank strengthen cooperation by signing agreements

16 July 2019
| Angola
Angola and the World Bank signed three agreements on Monday to strengthen cooperation, focused on establishing representative offices of three World Bank institutions, the Ministry of Finance said.

Cabo Verde Airlines takes on a credit line to finance business plan

16 July 2019
| Cabo Verde
Cabo Verde Airlines has contracted a credit line with Banco Internacional de Cabo Verde and Ecobank worth US$24 million, the documents for which were signed on Friday in Praia, the local press reported.

IMF approves instrument to support Cabo Verde development programme

16 July 2019
| Cabo Verde
The International Monetary Fund (IMF) has approved the Policy Coordination Instrument (PCI) for Cabo Verde to support the archipelago's strategic plan for sustainable development, according to a statement released on Monday.

Total group’s entry into natural gas project in Mozambique dependent on Anadarko shareholders meeting

16 July 2019
| Mozambique
The shareholders of the Anadarko Petroleum Corporation are due on 8 August to make an announcement on the proposal to purchase the entire share capital by Occidental Petroleum Corporation and its subsidiary Baseball Merger Sub 1, Inc.

Benguela Railroad, in Angola, intends to build an extension from Lobito to Baía Farta

15 July 2019
| Angola | China
The construction of a railway extension between the city of Lobito and the municipality of Baía Farta is a priority project of the Benguela Railway (CFB) in Angola, said the chairman of the Management Company's Board of Directors.

Macau Franchise Expo 2019 runs from 26 to 28 July

15 July 2019
| China | Macau
The Macau 2019 Franchise Expo (MFE) will take place from 26 to 28 July, continuing the theme of "Brand Expansion Continues, Business Opportunities to be Seized," said the Macau Trade and Investment Promotion Institute (IPIM).

Sonangol to keep 20% of future oil discoveries in Angola

15 July 2019
| Angola
Angola's national oil company Sonangol will be able to have a 20% stake in future discoveries to protect it after the restructuring process, said the Minister of Mineral Resources and Oil.

Angola’s competition authority approves bank and insurance sector merger

15 July 2019
| Angola
The Angolan Regulatory Competition Authority (ARC) has approved the merger of companies involving Banco Económico, Seguradoras Unidas and Tranquilidade - Corporação Angolana de Seguros, according to an announcement published in the Jornal de Angola newspaper.

Angolan bank authorises customers to use accounts in foreign currency

15 July 2019
| Angola
The National Bank of Angola (BNA) has authorised Angolan banking customers to carry out transactions with their accounts in foreign currency, although there are still some restrictions, according to an official statement released on Friday in Luanda.

Haitong Bank, former BESI, intends to open a branch in Macau

15 July 2019
| China | Macau | Portugal
The Bank of Portugal approved the plan of Haitong Bank, formerly Banco Espírito Santo Investimento (BESI), to open a branch in the Macau Special Administrative Region, an official from the Haitong group said on Friday.

Portuguese group Super Bock focuses on China and gives up on building factory in Angola

12 July 2019
| Angola | China | Macau | Portugal
China remains the main foreign market for Portuguese group Super Bock, which is seeking to expand its presence in the country, said Rui Lopes Ferreira, the group's chief executive.

São Tomé and Príncipe PM calls for investment in education

12 July 2019
| China | São Tomé and Príncipe
Investment in education transforms people's lives, the progress of companies and the destiny of a country, São Tomé and Príncipes' Prime Minister Jorge Bom Jesus said on Wednesday at the inauguration of the Confucius Institute of China at the São Tomé and Príncipe Public University.

Islamic Development Bank donates funding for an electricity project in Mozambique

12 July 2019
| Mozambique
The Islamic Development Bank will donate US$99.7 million to build a power transmission line between Temane and Maputo, southern Mozambique and a combined cycle plant, a source at the Ministry of Mineral Resources and Energy said.

Cabo Verde government wants to prevent interference in central bank budget approval

12 July 2019
| Cabo Verde
The Cape Verdean government will approve a regulation that would prevent a finance minister from interfering in the approval of the operating budget of the Bank of Cabo Verde (BCV), said the current deputy prime minister and finance minister on Thursday.

Subscription to the IPO of the Cahora Bassa Hydroelectric Plant in Mozambique ends on Friday

12 July 2019
| Mozambique | Portugal
The subscription to the Initial Public Offering of 2.5% of the shares representing the capital of the Cahora Bassa hydroelectric plant (HCB) ends on Friday, according to the operation's official schedule.

Portugal orders KC-390 transport aircraft from Brazil’s Embraer

12 July 2019
| Brazil | Portugal
From 2023 Portugal will start receiving five KC-390 air transport planes ordered by the government from Brazilian aeronautical company Empresa Brasileira de Aeronáutica (Embraer) to strengthen the capacity of the Portuguese Air Force, the Brazilian company said.

Business meeting between China and Portuguese-speaking countries ends with the signing of six agreements and memoranda

11 July 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The meeting of businesspeople for economic and trade cooperation between China and Portuguese-speaking countries - São Tomé - 2019 ended with the signing of six agreements and memoranda, the Macau Trade and Investment Promotion Institute (IPIM) reported.

Teaching Mandarin in São Tomé and Príncipe facilitates economic diplomacy and the relationship with China

11 July 2019
| China | São Tomé and Príncipe
The opening of a Confucius Institute in São Tomé and Príncipe and the teaching of Mandarin in the country will stimulate São Tomé's economic diplomacy and relations between the two countries, said the São Tomé prime minister.

Maputo International Fair 2019, in Mozambique, has 15 countries confirmed to attend

11 July 2019
| Mozambique
Fifteen countries have already confirmed their participation in this year's edition of the Maputo International Fair (FACIM), with organisers expecting to exceed numbers for 2018, according Mozambique's export and investment promotion agency Aipex.

Angola signs Lusophone Compact with Portugal and African Development Bank

11 July 2019
| Angola | Cabo Verde | Mozambique | Portugal
The governments of Angola and Portugal and the African Development Bank (ADB) on Wednesday in Luanda signed the so-called Compact for Financing the Development of Portuguese-Speaking Countries in Africa (Lusophone Compact), the Angolan press reported.

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