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China delivers Higher Institute of Foreign Affairs in Angola

1 February 2019
| Angola | China
China's ambassador to Angola on Thursday formally delivered the Higher Institute of Foreign Affairs complex, a project costing US$25 million and is "China's largest donation to Angola ever since," according to the local press.

Anadarko Petroleum needs armoured vehicles for Mozambique

1 February 2019
| Mozambique
US-based group Anadarko Petroleum plans to acquire a fleet of six armoured vehicles for the natural gas project in the Rovuma basin in northern Mozambique, according to an announcement posted on Thursday in Mozambican daily newspaper Notícias.

São Tomé and Príncipe to request further financial aid from the IMF

1 February 2019
| São Tomé and Príncipe
São Tomé and Príncipe has asked the International Monetary Fund (IMF) to send a new mission to the country to discuss a financial assistance programme, the IMF said in a statement released on Thursday in Washington.

Macau’s balance of trade deficit increases 20% in 2018

1 February 2019
| Macau
Macau's balance of trade recorded a deficit of 77.91 billion patacas (US$9.738 billion) in 2018, a 20.6% increase compared with the value recorded in 2017, of 64.568 billion patacas, according to the Macau Statistics and Census Bureau.

Trade between China and Portuguese-speaking countries increases 25% in 2018 to US$147.354 billion

31 January 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The value of trade between China and the Portuguese-speaking countries reached US$147.354 billion in 2018, an increase of 25.31% year-on-year, according to official Chinese figures released by Forum Macau.

Timber warehouses in Angola start generating revenue

31 January 2019
| Angola
Angolan companies exploring forest resources in just three months exported products worth US$19 million through the Luanda Timber Warehouse, the Minister of State for Economic and Social Development said.

Angolan consortium starts mining gold deposits in Bengo province

31 January 2019
| Angola
A project to mine gold deposits in the municipality of Nambuangongo, in Angola's Bengo province, is expected to start operating in August, with an annual production of 450 kilograms of gold expected, according to the chief executive of Angola's national iron company Empresa Nacional de Ferro de Angola (Ferrangol).

Bengo thermal power plant in Mozambique will have feasibility study completed before the deadline

31 January 2019
| Mozambique
The definitive study to confirm the commercial and operational feasibility of the construction of a thermal power plant in Bengo, Mozambique, is expected to be completed before the originally planned deadline, UK company Kibo Energy, formerly Kibo Mining, said on Wednesday.

Mozambique saves US$240 million with the elimination of 30,000 “phantom” civil servants

31 January 2019
| Mozambique
Mozambique will save 15 billion meticais or US$240 million by eliminating 30,000 "phantom" public employees from its payrolls, said the Director of Planning and Cooperation of the Ministry of State Administration and the Civil Service.

Quality of Angolan bank assets to be evaluated in April

30 January 2019
| Angola
The quality of the assets of the commercial banks operating in Angola will begin to be evaluated by the National Bank of Angola (BNA) from April this year, to assess the financial health of the country's banks, the governor of the central bank said on Tuesday in Luanda.

Anadarko Petroleum Group employs over 4,700 Mozambicans

30 January 2019
| Mozambique
The natural gas extraction and liquefaction project led by US group Anadarko Petroleum already directly and indirectly employs more than 4,700 Mozambican workers or 94% of the total workforce through service companies, the group's Mozambican subsidiary said in a statement.

Angolan bioenergy company plans to produce 100,000 tonnes of sugar in 2019

30 January 2019
| Angola | Brazil
Angolan bioenergy company Biocom expects to reach production of 100,000 tonnes of sugar this year, an increase of 37% compared with the 73,000 tonnes produced in 2018, said the deputy director general of company.

Angola’s Council of Ministers approves spin-off of national airport and air navigation company ENANA

30 January 2019
| Angola
The Angolan national airport management company, Sociedade Nacional de Gestão de Aeroportos de Angola, which will be responsible for the management and operation of the country's airports, will be a public limited company, Angolan newspaper Valor Económico reported citing a source close to the process.

Angolan Government considers revising State Budget for 2019

30 January 2019
| Angola
The Angolan government is examining the possibility of presenting a proposal to Parliament to revise the General State Budget (OGE) for 2019 in the first quarter, announced the Minister of State for Economic and Social Development.

Forty companies register for first diamond auction in Angola

29 January 2019
| Angola
Forty companies have already registered for the first rough diamond auction to be held in Angola, an initiative intended to strengthen commitment to innovation and transparency in the diamond industry, said the Angolan Minister of Mineral Resources and Oil, Diamantino Azevedo .

Angola wants to be self-sufficient in food products

29 January 2019
| Angola
The Angolan government wants the Programme to Support National Production, Export Diversification and Import Substitution (Prodesi) to be the turning point for increasing domestic production and making the country self-sufficient in food, the Minister of State for Economic and Social Development said on Monday in Luanda.

Cabo Verde government guarantees it has “smart solution” to capitalise Sovereign Fund

29 January 2019
| Cabo Verde
Cabo Verde's (Cape Verde's) government has a "smart solution" to capitalise the 90 million-euro Sovereign Fund to support private investment in Cabo Verde, the deputy prime minister and finance minister said on Monday in Praia.

Cabo Verde sees improvements in the trade deficit in 2018

29 January 2019
| Cabo Verde
Cabo Verde's trade deficit improved by 4.3% in 2018 from 72.99 billion escudos in 2017 to 69.19 billion escudos last year, the archipelago's National Statistical Institute said in Praia.

Timor-Leste’s non-oil economy expected to grow by 5.0% in 2019

29 January 2019
| Timor-Leste
The growth rate of the Timor-Leste (East Timor) non-oil economy is expected to be around 5.0% by 2019, after two years of political uncertainties that have negatively affected economic activity, according to a forecast from a mission of the International Monetary Fund (IMF) that visited the country from 14 to 25 January.

Angolan National Bank reduces benchmark interest rate to 15.75%

28 January 2019
| Angola
The benchmark interest rate in Angola, BNA Rate, was revised downwards to 15.75%, down 75 basis points from the previous figure, was the main decision out of the meeting of the Monetary Policy Commission of the National Bank of Angola held Friday in Luanda, the central bank said.

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