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China’s ambassador restate’s Beijing’s support for Angola

11 January 2019
| Angola | China
The Chinese government will continue to provide aid to Angola, mainly in the financial and infrastructure sectors, as well as to encourage Chinese companies to invest in the country, the Chinese ambassador said on Thursday in Luanda.

Angola negotiates installation of Volkswagen and Ford factories

11 January 2019
| Angola
The opening of car assembly lines in Angola is being negotiated with officials from Germany's Volkswagen and US automotive company Ford, said the president of the Luanda-Bengo Special Economic Zone Development Company.

Obtala Group increases stake in subsidiary that controls forest concessions in Mozambique

11 January 2019
| Mozambique
The Obtala Limited group has increased its stake in subsidiary Montara Continental Limited from 75% to 100%, according to the Guernsey-based agroforestry group.

Boluda Lines offers weekly Spain/Portugal/Cabo Verde

11 January 2019
| Cabo Verde | Portugal
Boluda Lines, the shipping company of the Boluda Corporación Marítima group from Canarias, on 1 February will increase the frequency of shipping connections between Portugal, Spain and Cabo Verde (Cape Verde), the group said in a statement.

Businesspeople from China plan to invest in Angola

10 January 2019
| Angola | China
Investors from China have US$10 billion to invest in industry, agriculture and scientific research in Angola, said on Wednesday in Lubango, Huíla province, the Chinese Embassy's advisory minister Li Bin.

International transport groups position themselves in northern Mozambique

10 January 2019
| Mozambique
Dutch group Mammoet has organised a fleet of specialised vehicles that will be stationed in Mocímboa da Praia, Cabo Delgado province, northern Mozambique, with the respective crew, the group said in a statement.

Europe and Latin America linked by new submarine cable that passes by Cabo Verde

10 January 2019
| Brazil | Cabo Verde | Portugal
EllaLink Ireland and Alcatel Submarine Networks have begun construction of the EllaLink submarine cable system, which will link Europe to Latin America, according to a joint statement released in Dublin and Paris.

World Bank forecasts economic growth of 2.9% in 2019 for Angola

10 January 2019
| Angola | Cabo Verde | Guinea-Bissau | Mozambique | Timor-Leste
Angola is expected to post economic growth of 2.9% in 2019, up 0.7 percentage points from the June 2018 forecast, the World Bank said on Wednesday.

Japanese group plans to develop Namibe Bay, Angola

10 January 2019
| Angola
Japanese group Toyota Tsusho is proposing to invest US$600 million in a development project in Namibe Bay, southern Angola, according to an order signed by Angolan President João Lourenço.

China is the largest importer of five of the top 10 products exported by Brazil in 2018

9 January 2019
| Brazil | China
China was the largest importer of five of the top 10 products exported by Brazil in 2018, according to data released in Brasilia by the Ministry of Industry, Foreign Trade and Services.

New legal regime for foreigners in Angola aims to boost tourism and investment

9 January 2019
| Angola
The new proposal for a Law on the Legal Regime of Foreign Citizens in Angola opens up tourism and investment in the country, the Interior Minister said on Tuesday in Luanda.

Angolan civil servants involved in public contracts must file an income statement

9 January 2019
| Angola
Angola's managers and civil servants involved in the preparation and execution of state contracts are required to complete a declaration of assets and income, under a regulation approved at the end of 2018 by President João Lourenço.

Angola’s taxpayers owe US$1.038 billion to the treasury

9 January 2019
| Angola
The tax and customs debt of Angola's taxpayers by 31 December, 2017 is estimated at 323 billion kwanzas (US$1.038 billion), according to data provided by the General Tax Administration.

DR Congo group buys Angolan company Lactiangol

9 January 2019
| Angola
The Webcor business group recently bought Lactiangol, Angola's main dairy unit, for US$30 million, the group said in a statement quoted by the Angolan press.

Agreement with IMF gives reform process in Angola credibility

8 January 2019
| Angola
Angola's agreement with the International Monetary Fund (IMF) will make the ongoing reform process in the country more credible, the minister of state for economic and social development said in an interview with state newspaper Jornal de Angola.

Tax authorities in Angola and Portugal share information on taxpayers

8 January 2019
| Angola | Portugal
The Angolan and Portuguese tax administrations will begin to exchange information on taxpayers with interests in both countries, according to an agreement on mutual administrative assistance and tax cooperation signed by both governments.

Angolan companies with tax debts up to 2017 can settle them in 2019

8 January 2019
| Angola
Companies with tax, customs and social security debts owed until December 2017, will be able to settle them without paying interest, fines and procedural costs, announced the Angolan minister of State for Economic and Social Development.

President of Angola wants to verify financial support to private entities

8 January 2019
| Angola
The Angolan President has ordered the creation of a working group to survey public investment support by private entities, financial newspaper Mercado reported.

Mozambican Attorney General’s Office awaits response to letters rogatory

8 January 2019
| Mozambique
The Attorney General's Office of the Republic of Mozambique os still waiting on a reply to letters rogatory sent to the United States, United Kingdom and United Arab Emirates regarding the case of hidden debts, according to a statement released on Monday in Maputo.

India grants credit line to Mozambique to buy railway equipment

7 January 2019
| Mozambique
The Exports and Import Bank (ExIm) of India has opened a credit line of US$95 million for Mozambique to acquire railway equipment under an agreement recently signed in Maputo, the bank said.

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