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Angolan mining company loses diamond exploration licence due to debts

10 June 2019
| Angola
A licence to operate a diamond mine in Angola has returned to the state because the company to which it had been granted, Sociedade Mineira de Camachia Camagico, had accumulated debts in excess of US$530 million, reported the Angolan press.

National People’s Congress of China donates equipment to the São Tome and Príncipe parliament

10 June 2019
| China | São Tomé and Príncipe
The National People's Congress of China has donated two generators of 250 KVA and 50 computers o its counterpart in São Tomé and Príncipe under a "partnership agreement" between the two institutions, the president of the parliament announced on Friday.

CCS joint-venture signs contract for natural gas project in Mozambique

6 June 2019
| Mozambique
CCS, a joint-venture between the McDermott, Saipem and Chiyoda groups, has signed a contract with the Anadarko Petroleum Corporation group to provide services in the Area 1 natural gas project in northern Mozambique, the McDermott group said.

China’s ambassador pledges to continue cooperation with Angola

6 June 2019
| Angola | China
The Chinese ambassador to Angola, Gong Tao, on Wednesday expressed his country's willingness to continue to cooperate with Angola in the economic area, according to local press reports.

Oil exploration in Angola should have more local content

6 June 2019
| Angola
Angola's Minister of Mineral Resources and Oil said on Wednesday in Luanda he expected the financial system to support oil companies to get more local content in the sector.

Sonangol and ENI produce renewable energy in Angola

6 June 2019
| Angola
Angola's national oil company Sonangol and Italian group ENI have set up a renewable energy production company, which will start operating in early 2020, the deputy director general of ENI Angola announced on Wednesday in Luanda.

Oil companies operating in Angola will sell currencies directly to commercial banks

6 June 2019
| Angola
Oil companies operating in Angola will sell foreign exchange directly to commercial banks under a proposal that is being prepared, the governor of the National Bank of Angola (BNA) said on Wednesday in Luanda.

Block 15 of Angola is the focus of agreements with Esso Angola and ENI grou

6 June 2019
| Angola
An agreement related to Block 15 in the Angolan sea was signed on Wednesday between the National Agency for Oil, Gas and Biofuels (ANPG) and Esso Angola, of US group ExxonMobil, according to an announcement.

Angola’s President wants oil exploration to be more Angolan

5 June 2019
| Angola
The Angolan President called on the national oil companies to recruit Angolan staff and train workers to ensure the "Angolanisation" of oil production, in a speech delivered on Tuesday in Luanda.

Angola launches public tenders for oil exploration in the Benguela and Namibe basins

5 June 2019
| Angola
Public tenders for the award of 10 oil concessions in the Benguela and Namibe basins will be launched on 2 October, the president of Angola's National Oil, Gas and Biofuel Agency (ANPG) said on Tuesday in Luanda.

Angola’s Sonangol divests 72 companies

5 June 2019
| Angola
Seventy-two companies that are part of the business unit of Angola's state oil company Sonangol will be divested under an ongoing restructuring process, the group's chairman announced on Tuesday in Luanda.

Bank of Cabo Verde reduces interest rate to boost credit to the economy

5 June 2019
| Cabo Verde
The Bank of Cabo Verde (BCV) decided to reduce the interest rate of the marginal lending facility by 1.5 percentage points to "improve the effectiveness of the monetary transmission mechanism," the central bank said in a statement.

Sonangol and United Shine sign agreement for construction of Cabinda Refinery in Angola

5 June 2019
| Angola
Angolan oil company Sonangol and United Shine on Tuesday signed a partnership agreement for the construction of a refinery in Cabinda province, the state-owned company said in a statement.

State guarantee of Mozambican tuna company declared unconstitutional

5 June 2019
| Mozambique
The State guarantee granted to the debt taken on by the Mozambican Tuna Company (Ematum) was declared unconstitutional by Mozambique's Constitutional Council, according to an official statement released on Tuesday in Maputo.

Macau’s economy shrinks from January to March after 10 consecutive quarters of growth

4 June 2019
| Macau
Macau's economy contracted by 3.2% year-on-year in the first quarter of 2019, ending a series of 10 consecutive quarters of growth, according to the Statistics and Census Bureau.

China and São Tomé and Príncipe discuss airport and port

4 June 2019
| China | São Tomé and Príncipe
The project to modernise and expand São Tomé international airport is moving ahead and the feasibility of building a port is being analysed, the Chinese ambassador to São Tome and Príncipe Weng Wei said on Friday.

ENI Group makes new oil discovery in Angola

4 June 2019
| Angola
Italian group ENI has made a fifth oil discovery in block 15/06 in Angola's deep waters, following the Kalimba, Afoxé, Agogo and Ndungu wells, the group said in a statement released on Monday in Milan.

Oil and natural gas under discussion in Angola’s capital

4 June 2019
| Angola
The city of Luanda from Tuesday until Thursday will receive more than 800 delegates to the Angolan Oil and Gas Conference 2019, an initiative of Africa Oil & Power, the Angolan press reported.

Public opinion affects the method of payment of the debt of Mozambican tuna company Ematum

4 June 2019
| Mozambique
The decision to decouple Mozambique's future revenues from the exploration of natural gas from the payment of external debts is due to its difficulty in being accepted by public opinion, said the Minister of Economy and Finance.

Cabo Verde Airlines takes delivery of the second plane with new company branding

4 June 2019
| Cabo Verde
The second new aeroplane painted up with the new branding of Cabo Verde Airlines and named "Baía de Tarrafal" is in the capital city Praia, where it arrived last Friday, the archipelago's flagship airline said.

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