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News

Brazilian group Minerva to supply beef to Chinese companies

27 November 2018
| Brazil | China
Brazilian group Minerva has signed memorandums of understanding with the Alibaba group and five other Chinese customers to provide frozen beef over a five-year period, a senior panel said in a statement to Reuters.

Government of Angola sets out new rules for the import of 54 products

27 November 2018
| Angola
Angola's Ministry for the Economy and Planning on Monday on Monday in Luanda presented a list of 54 products covered by measures to accelerate import substitution, including glass containers, wheat flour, pineapple, sugar, mineral water, beans, eggs, oil, onions and salt.

Angolan Government wants to increase local content in the oil industry

27 November 2018
| Angola
The Angolan government is due to approve legislation to regulate local content and introduce clear, feasible and non-bureaucratic procedures in the oil industry in order to allow an effective and growing participation by the domestic industry, said on Monday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.

Mozambique’s public debt in 2018 is expected to exceed Gross Domestic Product

27 November 2018
| Mozambique
Mozambique's public debt is expected to reach 102.5% of gross domestic product (GDP) at the end of the year, with the economy likely to grow by 3.5%, Fitch Ratings said in an analysis report on the country's economy.

Natural gas exploration in Mozambique presses on resolutely

27 November 2018
| Mozambique
The natural gas extraction and liquefaction industry in Mozambique appears to have been launched, after many years of delays and deliberations, according to the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.

Angola’s President concludes state visit to Portugal with the signing of 13 agreements

26 November 2018
| Angola | Portugal
The Angolan president returned to Luanda on Sunday, after a three-day state visit to Portugal in which the two countries signed a set of 13 cooperation agreements, the Portuguese press reported.

Angola’s natural gas reserves estimated at 4 trillion cubic feet

26 November 2018
| Angola
Angola's proven natural gas reserves are around 4.0 trillion cubic feet (113.267 billion cubic metres), a technical official at Angola’s national oil and gas company Sonangol said on Friday in Luanda.

Sale of foreign currency in Angola has new rules

26 November 2018
| Angola
Foreign exchange offices and payment service companies that intermediate cash remittances should, whenever they wish to buy foreign currency, put in a request to the banks with which they have commercial relations, the National Bank of Angola has instructed.

João Ferreira dos Santos Group builds cooking oil refinery in Mozambique

26 November 2018
| Mozambique
Construction work on a cooking oil refinery in the city of Cuamba, in Niassa province, northern Mozambique, of the João Ferreira dos Santos Group, is due to begin in February 2019, said one of the group's officials.

Icelandair delivers final proposal for purchase of 51% of Cabo Verde Airlines

26 November 2018
| Cabo Verde
The Loftleidir-Icelandic airline has submitted a final and binding proposal to buy a 51% stake in Cabo Verde Airlines, the Cape Verdean archipelago's government said in a statement released on Friday.

China available to invest in development of Angola’s industrial sector

23 November 2018
| Angola | China
The government of China is willing to invest in the development of Angola's industrial sector, taking advantage of the country's agricultural and livestock potential, said ambassador Cui Aimin in the city of Huambo on Thursday.

Growth of Mozambican economy expected to be over 4.0% in 2019

23 November 2018
| Mozambique
Mozambique's economy is expected to grow in the range of 4.0% to 4.7% in 2019, with the forecast inflation rate to be around 6.0%, according to a statement from the International Monetary Fund's (IMF) technical mission.

Fuel distribution companies in Angola are now able to import oil products

23 November 2018
| Angola
Angolan companies operating in the fuel distribution and sales market will soon be able to import oil products, the Secretary of State for Mineral Resources and Oil announced on Thursday in Luanda.

Angola wants help from Portuguese businesspeople to diversify the economy

23 November 2018
| Angola | Portugal
The Angolan President, currently on an official visit to Portugal, will travel to Porto, the northern city of the country, where he will take part in a meeting between Angolan and Portuguese businesspeople, according to the official schedule.

Cabo Verde Parliament approves law setting public debt limit at 60% of GDP

23 November 2018
| Cabo Verde
The Cape Verdean parliament has passed a law stipulating that the country's domestic and foreign public debt in the short and medium term cannot exceed 60% of the Gross Domestic Product (GDP) at market prices, according to local press reports.

Macau’s gaming tax revenue in 2019 estimated at US$11.375 billion

22 November 2018
| Macau
Gaming and gambling in Macau Is expected to provide tax revenue of 91 billion patacas (US$11.3 billion) next year, according to the forecast included in the draft budget law for 2019 presented on Wednesday in the Chinese autonomous region's Legislative Assembly.

Air Macau adds three new Airbus aircraft to its fleet

22 November 2018
| China | Macau
In the first half of 2019 Air Macau is scheduled to take delivery of three new A320neo Airbus aircraft that were ordered from BOC Aviation, the Bank of China group company said in a statement.

Weight of gaming in Macau economy increases to 49.1% in 2017

22 November 2018
| Macau
The weight of gaming in Macau's gross value-added structure increased by 2.5 percentage points from 2016 to 2017, accounting for 49.1% of the total, according to the region's Statistics and Census Bureau.

Macau and Cabo Verde discuss traditional Chinese medicine in Praia

22 November 2018
| Cabo Verde | China | Macau
The Cape Verdean government wants to draw up a strategic plan on traditional medicine in cooperation with China, the archipelago's Health Minister, Arlindo do Rosário, said in Praia on Tuesday.

Timor-Leste buys Shell’s stake in Greater Sunrise oil fields

22 November 2018
| Timor-Leste
The East Timorese government has signed a US$300 million contract with Shell to buy the company's stake in the Greater Sunrise oil field consortium, and will now hold a majority of the capital, Shell Australia said.

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