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President of China starts two-day visit to Portugal on Tuesday

3 December 2018
| China | Macau | Portugal
Portugal is an important link between the Terrestrial Silk Road and the Maritime Silk Road and therefore a very important ally for China, Chinese President Xi Jinping wrote in a text published in the print edition of Portuguese newspaper Diário de Notícias.

Trawlers from company in Shenzhen, China, fish in Mozambique

3 December 2018
| China | Mozambique
The six trawlers of Chinese company Yu Yi Industry Co. returned last week to a port in Shenzhen carrying the first shipment of fish caught in Mozambique, according to the SeaFoodSource website.

Foreign companies need no authorisation from the National Bank of Angola to repatriate profits of up to US$5 million

3 December 2018
| Angola
Foreign companies operating in Angola can repatriate profits from their activities up to US$5 million dollars without prior authorisation from the National Bank of Angola (BNA), said José de Lima Massano.

Cabo Verde travel and tourism association considers opening office in Macau

3 December 2018
| Cabo Verde | Macau
The Association of Travel and Tourism Agencies of Cabo Verde (AAVTCV) is considering opening a representative office in Macau, while also intending to move forward with a partnership with its local counterpart, the association said in a statement.

Ethiopian Airlines launches regular domestic flights in Mozambique

3 December 2018
| Mozambique
Ethiopian Mozambique Airlines has launched regular domestic flights in Mozambique under a strategy to operate in other African markets, the company's chief executive said on Saturday.

Macau economy expected to grow 4.9% in 2018/2019 – Economist

30 November 2018
| Macau
Macau's economy is expected to post average growth of 4.9% in 2018/2019, by 5.8% this year and 3.9% in 2019, according to the latest report from the Economist Intelligence Unit.

Continental China supports Macau taking part in Belt and Road initiative

30 November 2018
| China | Macau
The Government of the Macau Special Administrative Region (MSAR) and China's National Development and Reform Commission are due to sign an agreement in Beijing next week to support Macau's participation in the Belt and Road initiative, the government's spokesman said.

Angola’s Catumbela airport may receive international flights from 2019

30 November 2018
| Angola
The airport of Catumbela, in Angola's Benguela province, will be able to receive international flights in the first few months of 2019, the director of the country's airport management company ENANA said on Wednesday.

Angola’s net international reserves down by US$7.3 billion in 12 months

30 November 2018
| Angola
Angola's net international reserves declined by US$7.3 billion in one year, the Angolan minister of State for Economic and Social Development said on Thursday in Luanda.

Fura Gems revises ruby asset purchase agreement in Mozambique

30 November 2018
| Mozambique
The purchase price of ruby assets in Mozambique by Canada's Fura Gems from Australian companies Mustang Resources Ltd and Regius Resources Group Ltd has been reduced from 15 million to 7.8 million Australian dollars, the Canadian company said.

Chinese group and Angolan partner launch fish farming project

29 November 2018
| Angola | China
Sino Agro Food, Inc. has signed a memorandum of understanding with Angolan company Nortus Aquacultura e Pesca, Lda for the development of an aquaculture project in the country, the group said in a statement.

Angola to have mobile payment system in 2019

29 November 2018
| Angola | Cabo Verde | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.

Anglo-Angolan partnership opens factory for distilled spirits in Angola

29 November 2018
| Angola
Angolan company Refriango and British group Diageo have teamed up to invest US$6.2 million in Angola in a distilled spirits factory, which opened on Wednesday, the local press reported.

Angolan investment agency has received 57 proposals since May 2018

29 November 2018
| Angola
Angola's private investment and export promotion agency, Aipex has received at least 57 private investment proposals since May last year worth a total of US$502 million, the president of the institution said in Luanda.

Spain’s CaixaBank wants to reduce stake in Banco de Fomento Angola

29 November 2018
| Angola | Portugal
Spain'sCaixaBank plans to reduce its 48.1% stake in Banco de Fomento Angola (BFA), the bank's chief executive said on Wednesday in a statement.

Chinese companies in Angola are investing in agriculture

28 November 2018
| Angola | China
Disinvestment in civil construction in Angola due to the crisis has meant that Chinese companies present in the country have turned their attention to other sectors, such as agriculture, the vice president of the Angola-China Chamber of Commerce (CAC) said.

Angolan government prepares new public procurement system

28 November 2018
| Angola
The Angolan government intends to set up a public procurement system to ensure that state funds are used in the best possible way, said on Tuesday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.

Drop in oil price may force a review of Angola’s 2019 State Budget

28 November 2018
| Angola
Angola's draft State Budget for 2019, already approved generally by the country's parliament, may have to be be reviewed, admitted the chair of the parliamentary committee on Economy and Finance.

Ncondezi Energy’s thermal plant in Mozambique expected to start operating in 2023

28 November 2018
| Mozambique
Ncondezi Energy intends to start commercial exploration of a 300-megawatt coal-fired power station and coal project in Tete province, central Mozambique, in the first half of 2023, the company said in a statement.

Authorisation request by Banco Sino-Atlântico yet to be analysed as it is not complete

28 November 2018
| Cabo Verde | Macau
The authorisation process of Banco Sino-Atlântico, of Macau businessman David Chow, has yet to be analysed and decided upon due to the fact that it is incomplete, the Bank of Cabo Verde (BCV) said in a statement released on Tuesday.

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