News

Angolan Parliament approves Law to Prevent and Combat Money Laundering

14 November 2019

| Angola

The draft Law on Preventing and Combatting Money Laundering, Financing Terrorism and the Proliferation of Weapons of Mass Destruction has been approved by the Angolan parliament, the Angolan press reported.

Public tender for mining in Angola extended for one month

14 November 2019

| Angola

The dates for the submission of proposals for the international public tender to grant mining rights in Angola have been extended by one month, the Ministry of Mineral Resources and Oil said in a statement issued on Wednesday in Luanda.

Sonangol, ENI and Total groups plan to prospect for oil in the Namibe and Benguela basins, in Angola

14 November 2019

| Angola

Angola's National Oil, Gas and Biofuels Agency (ANPG) has approved proposals presented by the Sonangol, ENI and Total groups for oil exploration in the Namibe and Benguela sea basins, during the session to open public tender proposals held on Wednesday in Luanda.

EIB lends 12.5 million euros to São Tomé and Príncipe for coastal protection works

14 November 2019

| São Tomé and Príncipe

The European Investment Bank (EIB) has approved a 12.5 million-euro loan to São Tomé and Príncipe to help finance the Água-Grande coastal protection project and rehabilitation and upgrading of the capital's coastal road, the EIB said.

Angola’s housing market is almost at a standstill

13 November 2019

| Angola

Angola's housing market has been almost at a standstill, with demand falling by 80% due to the lack of purchasing power of most of the population, as a result of the economic and financial crisis that the country has been facing since 2014, the vice-president of the Association of Real Estate Professionals of Angola.

Chief Executive of Macau presents a review of government activity

13 November 2019

The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

Civil construction showcased until Saturday in Luanda, Angola

13 November 2019

| Angola

More than a hundred Angolan and foreign companies will exhibit their products and services at the 16th Edition of Projekta/2019, which opens its doors on Wednesday, in the Luanda/Bengo Special Economic Zone.

Angolan diplomats will continue to focus on attracting foreign investment

13 November 2019

| Angola

The Angolan Foreign Ministry will seek to keep diplomatic action focused on attracting private foreign investment in order to help the ongoing process of economic diversification, Foreign Minister, Manuel Augusto wrote.

Premiums issued by Mozambican insurers fall in Q2

13 November 2019

| Mozambique

Premiums issued by insurance companies operating in Mozambique amounted to 3.325 billion meticais (US$52.1 million) in the second quarter of 2019, a 30.26% drop from the amount recorded in the first quarter, the Insurance Supervision Institute said.

23rd edition of Cabo Verde International Fair starts in Mindelo

13 November 2019

| Brazil | Cabo Verde | Portugal

The 23rd edition of the Cabo Verde International Fair (FIC) is due to be inaugurated on Wednesday in the city of Mindelo, on the island of São Vicente, by Prime Minister Ulisses Correia e Silva, and will take place over four days under the slogan “Cabo Verde, an economy in the Mid Atlantic.”

Privatisation of Cabo Verde Airlines due to be completed on 31 December, 2019

12 November 2019

| Cabo Verde

The sale of Cabo Verde Airlines (TACV) shares is proceeding “as normal” and will be concluded on 31 December, 2019, the Cape Verdean Government said in a statement issued on Monday in Praia.

Macau population reaches 676,100 people at the end of September

12 November 2019

| Macau

Macau's population was 676,100 at the end of September 2019, an increase of 4,100 over the previous quarter, according to the Statistics and Census Bureau.

Cape Verdean Parliament debates creation of Public Finance Council

12 November 2019

| Cabo Verde

Cabo Verde's public accounts, budget execution and public debt developments will now be evaluated by a Public Finance Council, according to a bill that is being discussed this week in the country's parliament.

Absa Bank Moçambique opens first branch in Maputo with new branding

12 November 2019

| Mozambique

Absa Bank Moçambique, formerly Barclays Bank Mozambique, opened its first branch in Maputo with the new branding and new colours on Monday, officially starting its banking operations under the new name.

Relations between China and Africa must be “sincere and transparent,” Angolan minister says

12 November 2019

| Angola | China

The relationship between China and Africa must be “sincere and transparent,” Angola's Trade Minister Joffre Van-Dúnem Júnior said on Monday in the Chinese city of Jinhua, in Zhejiang province.

Japan grants more food aid to São Tomé and Príncipe

12 November 2019

| São Tomé and Príncipe

Japan has provided food aid in the form of rice to São Tomé and Príncipe estimated to be worth 300 million yen (about US$2.6 million), Japanese ambassador Massaki Sato said on Monday in São Tome.

Mozambique’s ENH seeks to raise US$1.5 billion

11 November 2019

| Mozambique

Mozambique's state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH) is launching a set of investor presentations this week to raise US$1.5 billion to fund the company's share in the Area 1 natural gas project, in which it holds a 15% stake, said the chairman of the Mozambican state company.

BNU (Macau) contributes 50.8 million euros to consolidated net income of Portugal’s CGD

11 November 2019

Banco Nacional Ultramarino (Macau) contributed 50.8 million euros to the consolidated net profit of 508.4 million euros of Portuguese state group Caixa Geral de Depósitos (CGD) in the first nine months of the year, the group said.

Two Chinese companies bid to supply Mozambique with liquid fuels

11 November 2019

| China | Mozambique

Addax Petroleum, of the Sinopec Group and Petrochina are the two Chinese companies out of ten that submitted bids for providing fuel to Mozambique for six months from 1 January 2020, said João Macandja, managing director of the Mozambican oil import company, Imopetro.

Government is defending Mozambique’s reputation, says Minister of Economy and Finance

11 November 2019

| Mozambique

The repayment of Mozambican tuna company Ematum's debt is intended to restore Mozambique's good reputation as a country that meets its international obligations, said Mozambican Minister of Economy and Finance, Adriano Maleiane.

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