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Mozambique looks for solutions to place cashews on the market

1 April 2020
| Mozambique
Mozambique's National Cashew Institute (Incaju) is seeking alternative markets, including the domestic market, to overcome the issue caused by the Indian government, which increased the import tax on cashew nut imports from 45% to 70%, said an Incaju official.

People affected by Covid-19 given moratorium on loan payments until 30 September

1 April 2020
| Cabo Verde
Individuals and companies in Cabo Verde with bank loans, who have been affected by the new coronavirus pandemic will benefit from a moratorium that will postpone payments until 30 September, the deputy prime minister and minister of Finance said in Praia on Tuesday.

Measures to combat Covid-19 force Angola’s biggest diamond mining company to halt activity

1 April 2020
| Angola
Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus said the company in a statement issued in Luanda.

National Bank of Angola facilitates imports of food and bio-safety materials

1 April 2020
| Angola
Imports of some food, medicines and bio-safety materials will benefit from a temporary exemption on payment instrument limits, announced the National Bank of Angola, ton publishing instruction no. 05/2020, of 30 March.

Pandemic causes an abrupt fall in the occupancy rate of Macau hotels

31 March 2020
| Macau
The average occupancy rate of the 115 hotels and bed and breakfasts operating in Macau in February 2020 offering 37,000 rooms reached just 15.0%, a decline of 76.9 percentage points year-on-year, the region's Statistics and Census Bureau said.

BNU Macau “saves” purchase of 500 Chinese ventilators by Portugal

31 March 2020
| China | Macau | Portugal
An order placed with a Chinese company for 500 hospital-grade ventilators to treat victims of Covid-19 in Portugal, was threatened by an offer from another country, but was saved at the last minute by the BNU bank in Macau, according to a source from the bank.

Covid-19 reduces Macau’s imports in February 2020

31 March 2020
| Macau
The Covid-19 pandemic caused by a new type of coronavirus led to the value of the imports in February in Macau falling to its lowest level since March 2011, to 3.87 billion patacas, a contraction of 30.3% year-on-year, said the region’s Statistics and Census Bureau.

Angolan government postpones Soyo refinery tender announcement

31 March 2020
| Angola
The selected proposal in the international public tender for the construction of an oil refinery in Soyo, Zaire province, will be published as soon as Covid-19 outbreaks are under control in Angola, said the Ministry of Mineral Resources and Oil.

Angola’s Finance Minister defines gaming areas in the country

31 March 2020
| Angola
The provinces of Cabinda and Luanda, Malanje, Benguela, Huila and Namibe in Angola have been defined as areas for gaming and gambling under Executive Decree No. 101/20 of 6 March, signed by the Angolan Minister of Finance, Vera Daves de Sousa, according to an official statement.

Cabo Verde achieves goals agreed with the International Monetary Fund

31 March 2020
| Cabo Verde
Cabo Verde has achieved all of the targets laid down in the support programme drawn up by the International Monetary Fund (IMF) and "with a strong performance," wrote the deputy prime minister and minister of Finance on his official Facebook account, commenting on a statement issued in Washington.

Macau government sets up fund to support individuals and companies affected by Covid-19

30 March 2020
| China | Macau
The Macau government plans to set up a fund of 10 billion patacas (US$1.25 billion) to support residents, companies and commercial establishments in the territory in financial trouble due to the Covid-19 pandemic, said the Government Information Bureau.

Angolan government prepares revised budget for 2020

30 March 2020
| Angola
The Angolan Finance Ministry is authorised to start the process of revising the General State Budget (OGE) for 2020, according to a statement issued at the end of the Council of Ministers meeting held on Friday in Luanda.

High inflation prevents interest rates in Angola from falling

30 March 2020
| Angola
High inflation is preventing the National Bank of Angola (BNA) from reducing the basic interest rate as a way of increasing credit to the economy, said on Friday in Luanda the governor of the central bank as he announced the decisions of the Monetary Policy Commission.

Angola prepares creation of duty-free areas

30 March 2020
| Angola
The minister for Economy and Planning, Sérgio Santos, said on Friday in Luanda that the government is preparing to set up duty-free areas, and companies that operate within them will benefit from incentives for a renewable period of 25 years.

Syrah Resources suspends graphite production in Balama, Mozambique

30 March 2020
| Mozambique
The Syrah Resources group has temporarily suspended operations at its graphite mine in Balama, Cabo Delgado province, northern Mozambique, due to the Covid-19 pandemic, the Australian group said in a market statement.

Government of São Tome and Príncipe plans to extend State of Emergency

30 March 2020
| São Tomé and Príncipe
The government of São Tomé and Príncipe plans to propose to the President of the Republic and extension of the State of Emergency in the country for a further two weeks due to the Covid-19 pandemic, Prime Minister Jorge Bom Jesus said on Friday in São Tomé.

Quarantine of 14 days in Guangdong for whoever arrives in the province from Macau

27 March 2020
| China | Macau
The government of Guangdong announced that from 6 am on Frday anyone from abroad, Macau Hong Kong and Taiwan that enters the Chinese province will be placed in quarantine for 14 days, as a measure to prevent the spread of Covid-19.

Portuguese-speaking countries look to respond to Covid-19 pandemic

27 March 2020
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The parliament of Timor-Leste on Thursday unanimously approved the declaration of a state of emergency in the country, which is expected to be in place for a month, from Saturday 28 March, a measure adopted in response to the Covid-19 pandemic.

Bank of Portugal expects Portuguese economy to contract by real rate of 3.7% in 2020

27 March 2020
| Portugal
Portugal is expected to record a drop in its Gross Domestic Product (GDP) of 3.7%, according to the Bank of Portugal, which published is Economic Bulletin for March in Lisbon on Thursday, including projections for the Portuguese economy for the 2020-2022 period.

Bank of Cabo Verde provides €400 million to banks in response to Covid-19

27 March 2020
| Cabo Verde
The Bank of Cabo Verde has approved an exceptional package of measures for stimulation and mitigation of the impact of the new coronavirus on the country's economy, under the terms of which the banking sector will have to provide over €400 million, the central bank's governor announced on Thursday.

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