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ENI announces start of natural gas extraction in Mozambique by 2024

18 March 2019
| Mozambique | Portugal
Extraction and processing of natural gas in the Mamba field in the Rovuma Basin Area 4 block in northern Mozambique is expected to begin by 2024, the chief executive of Italian group ENI said on Friday in Milan.

Gaming concessions in Macau awarded by public tender

18 March 2019
| Macau
The next concessions for gaming operators in Macau, will be awarded through a public tender, the Macau government announced in a statement.

Angola auctions off 55 oil blocks in 2019

18 March 2019
| Angola
Angola's National Oil and Gas Agency (ANPG) is expected to auction 55 onshore and offshore oil blocks this year, the minister of Mineral Resources and Oil announced on Friday in Luanda.

Portuguese-speaking countries showcased at Macau market

18 March 2019
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
A market focused on products from Portuguese-speaking countries and from Macau is due to be held on the Macau peninsula between 29 and 31 March, according to the Macau Trade and Investment Promotion Institute.

Macau’s economic growth expected to slow to 3.2% in 2019

15 March 2019
| Macau
Macau is expected to end 2019 with economic growth of 3.2%, and for growth to increase by 60 basis points to 3.8% by 2020, according to the latest Economist Intelligence Unit (EIU) forecasts.

Angola’s oil production increases by 22,000 barrels a day in February

15 March 2019
| Angola
Angola's oil output rose by 22 million barrels per day (bpd) in February to 1.457 million bpd, according to the Organization of Petroleum Exporting Countries.

Banco Nacional de Angola evaluates asset quality of 12 commercial banks

15 March 2019
| Angola
Next April the National Bank of Angola will start a process of evaluation of the asset quality of the country's 12 largest commercial banks, as part of moves to stabilise the Angolan financial system, Deputy Governor Manuel Tiago Dias announced on Thursday in Luanda.

Angolan insurer ENSA to be privatised

15 March 2019
| Angola
The Angolan government intends to privatize state insurer ENSA - Seguros de Angola, with at least one interested party, South African financial group Sanlam, Angolan newspaper Mercado reported.

Kenmare Resources exports record amount of minerals extracted in Mozambique in 2018

15 March 2019
| Mozambique
Kenmare Resources reported the third consecutive year of record export of minerals extracted from the Moma heavy sand deposits in Nampula province, northern Mozambique, in 2018, the Irish company said.

Angola and Mozambique stand out in 2018 by number of construction projects

14 March 2019
| Angola | Mozambique
Angola and Mozambique were the second and third countries in Southern Africa in 2018 with the highest number of construction projects worth US$50 million or more, according to consulting firm Deloitte.

ENI group discovers more oil in Angola

14 March 2019
| Angola
Italian group ENI has made another deep-water oil discovery in Angola with estimated reserves of between 450 million and 650 million barrels, the group said in a statement released in Milan.

World Bank grants US$1 billion loan to Angola

14 March 2019
| Angola
The World Bank will grant Angola a US$1 billion loan for direct support to the State Budget, along with social protection and water supply projects, said the World Bank's vice president for Africa.

Financial difficulties lead the Angolan government to accept private investment in TAAG

14 March 2019
| Angola
The Angolan government has allowed private investors to take a stake in flagship airline TAAG due to the carrier's current financial difficulties, said the company's CEO, Rui Carreira.

Cabo Verde Government wants to complete airport concession programme this year

14 March 2019
| Cabo Verde
The Cape Verdean government plans to finalise the concession programme for the country's airports in 2019, once the TACV - Cabo Verde Airlines privatisation process has been completed, the country's prime minister said in Lisbon on Wednesday.

Heineken Group opens brewery in Mozambique

13 March 2019
| Mozambique
The President of Mozambique on Wednesday inaugurated the Heineken Mozambique brewery, involving an investment of US$100 million and construction of which began in December 2017, the Heineken group said in a statement.

Portugal participates in the Mozambique Lusophone Compact with guarantees for financing

13 March 2019
| Mozambique | Portugal
Portugal is taking part in Mozambique Lusophone Compact 400 million euros in guarantees to be matched by financing from the African Development Bank (AfDB) for development projects in the East African country, according to official information.

Cabo Verde remains on the EU tax haven greylist

13 March 2019
| Cabo Verde | Macau
The European Union on Tuesday added ten countries and territories to its blacklist of tax havens, including the United Arab Emirates, with Cabo Verde remaining on the "grey list," according to official information released in Brussels.

World Tourism Forum supports Angola to develop the sector

13 March 2019
| Angola
Attracting investment and the promotion of tourism in Angola was the subject of a protocol of cooperation signed on Tuesday in Luanda by the Ministry of Tourism and the World Tourism Forum, the Angolan press reported.

Products made in southern African countries are duty-free in the region

13 March 2019
| Angola
Goods that are certified and fully produced in member countries of the Southern African Development Community (SADC) will be exempt from customs duties, an official said on Tuesday in Luanda.

First edition of Cabo Verde Investment Forum held in July

12 March 2019
| Cabo Verde
The first edition of the Cabo Verde Investment Forum will take place from 1 to 3 July in Sal organised by the West African archipelago's government in partnership with the Higher Council of Chambers of Commerce and Tourism, according to an official announcement.

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