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Bank of Mozambique reduces MIMO Rate by 50 basis points to 12.75%

15 August 2019
| Mozambique
The benchmark interest rate in Mozambique, known as the MIMO Rate, has been reduced by 50 basis points to 12.75%, according to a decision taken on Wednesday in Maputo by the Bank of Mozambique's Monetary Policy Commission.

Angola begins presentation of new oil blocks in September

15 August 2019
| Angola
The Angolan National Petroleum, Gas and Biofuels Agency (ANPG) is due on 3 September, in Luanda, to start the presentation of the public tender for oil blocks in the Namibe and Benguela basins, the agency said.

China Energy Engineering Corporation group builds thermal power plant in Mozambique

14 August 2019
| China | Mozambique
Somagec Mozambique, a subsidiary of the China Energy Engineering Corporation group, will build a coal-fired power station in Nacala-a-Velha district, Nampula province, Mozambican newspaper O País reported.

Mission from São Paulo State, Brazil, returns from China with announced investments

14 August 2019
| Brazil | China
The China 2019 Mission has raised investment intentions from Chinese companies and financial institutions worth US$24.8 billion over 10 years, said the governor of the Brazilian state of São Paulo.

Angola’s privatisation programme to comply with money laundering law

14 August 2019
| Angola
Angola's Privatisation Programme will comply with the Anti-Money Laundering and Terrorist Financing Act, Finance Minister Archer Mangueira said on Tuesday in Luanda.

Most companies to be privatised in Angola will be sold in 2020

14 August 2019
| Angola
Angola's Privatisation Programme (ProPriv) predicts that most of the 195 state-owned or partially state-owned companies will be divested by 2020, the Secretary of State for Finance and Treasury Vera Daves de Sousa, said on Tuesday in Luanda.

Angola hires World Bank to advise on privatisation programme

14 August 2019
| Angola
The Angolan government has hired the World Bank as a strategic consultant for the privatisation process of 195 companies, 32 of which are classified as national benchmarks, the minister of state for economic coordination said on Monday in Luanda.

Foreign direct investment in Cabo Verde increases by 54% in first quarter

14 August 2019
| Cabo Verde | Portugal
Foreign direct investment in Cabo Verde reached 3.14 billion escudos (US$31.9 million) in the first quarter of 2019, an increase of 54.61% year-on-year, the Bank of Cabo Verde reported in its Statistics Bulletin.

Brazilian company supplies coffee to two roasting plants in China

13 August 2019
| Brazil | China
Brazilian coffee company Café Santa Monica is expected to supply coffee to two roasting units to be built in China under a memorandum of understanding signed recently in Shanghai, InvestSP said in a statement.

Macau culture contributes to cultural construction of Greater Bay

13 August 2019
| China | Macau
Macau's culture, with its unique historical and human characteristics, the result of hundreds of years of exchange between Chinese and Western culture, contributes to the cultural construction of the Greater Bay, Macau's Chief Executive said on Monday.

Mozambican president guarantees electricity for everyone by 2030

13 August 2019
| Mozambique
The President of Mozambique has given assurances that all Mozambicans will have access to electricity within 10 years under the "Energy for All" programme, while he was speaking on Monday in Namialo, Meconta district, Nampula province.

Economic and financial crisis in Angola affects hotel sector

13 August 2019
| Angola
The economic and financial crisis in Angola over the last four years has led the hotel occupancy rate in 2018 to stand at just 25%, the managers of five-, four- and three-star units in Luanda have said.

Mozambique will have a solar plant in Cabo Delgado province

13 August 2019
| Mozambique
Construction of the Metoro Solar Plant in Ancuabe district, Cabo Delgado province, in northern Mozambique, will begin before the end of 2019, the chairman of the board of state-owned Electricidade de Moçambique (EDM) has announced.

Cabo Verde Airlines increases flights to Portugal with the arrival of a new plane

13 August 2019
| Angola | Brazil | Cabo Verde | Portugal
Cabo Verde Airlines will increase the number of weekly flights between Praia and Lisbon to three from 30 August following the acquisition of a new plane, the airline said on Monday.

Trade between China and the Portuguese-speaking countries rises 1.17% in the first half of 2019

12 August 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 grew marginally by 1.17% year-on-year from January to June 2019 to US$70.139 billion, according to official Chinese figures released by Forum Macau.

Macau’s Social Security Fund has nearly US$10 billion in assets

12 August 2019
| Macau
Total assets of the Macau Social Security Fund stood at 79.854 billion patacas (US$9.981 billion) at the end of 2018, a year-on-year increase of 3.16%, according to the Social Security Fund Annual Report for last year.

French group Total becomes operator of Rovuma basin Area 1 block in Mozambique

12 August 2019
| Mozambique
Completion of the acquisition process of the Anadarko Petroleum Corporation group will lead to French group Total becoming the operator of the Area 1 block in the Rovuma basin, Mozambique, according to official statements.

Angolan government sells stakes in 195 companies

12 August 2019
| Angola
The share capital held wholly or partially by the Angolan state in 195 different companies will be sold between 2019 and 2022, under the Privatisation Programme, published in the Diário da República official bulletin, quoted by Jornal de Angola.

Angola and Cabo Verde end double taxation and guarantee free movement of goods and capital

12 August 2019
| Angola | Cabo Verde
The governments of Angola and Cabo Verde have signed three agreements to end double taxation and guarantee mutual administrative assistance in customs and tax matters, at a ceremony held in Luanda, according to official information.

Cabo Verde Airlines launches bi-weekly flight to Luanda, Angola in December

12 August 2019
| Angola | Cabo Verde
Cabo Verde Airlines will fly twice a week to Luanda, starting in December, and may depart from the Angolan capital to other destinations, said Cabo Verde's Deputy Prime Minister and Finance Minister Olavo Correia.

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