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Angolan citizens can acquire US$120,000 in currency per year

13 January 2020
| Angola
Angolan citizens can now buy foreign currency in the value of up to US$120 billion dollars per year for travel expenses, transfers of a private nature, including for family support, said the National Bank of Angola.

Insurance premiums grow 36% in Angola between 2014 and 2018

13 January 2020
| Angola
The value of accumulated insurance premiums for companies operating in Angola from 2014 to 2018 reached 582.117 billion kwanzas (US$1.190 billion), representing growth of 36% on the year, said the Regulatory Agency for Insurance Supervision of Angola.

China increases imports of pork and Brazil reaps the benefits

10 January 2020
| Brazil | China
China will increase imports of pork and release part of the state reserve to ensure supply and stable prices before the Lunar New Year holiday, announced on Thursday in Beijing the spokesman of the Ministry of Foreign Affairs, Geng Shuang.

Survey on the introduction of a tourist tax in Macau brings up differences between respondents

10 January 2020
| Macau
A feasibility study on the levying of a tourist tax in Macau has shown differences among the respondents, with residents favourable to its introduction and tour operators against it, said the Macau Government Tourist Office (MGTO).

World Bank expects Angola’s economy to grow by 1.5% in 2020

10 January 2020
| Angola | Cabo Verde | Guinea-Bissau | Mozambique
The World Bank predicts that the Gross Domestic Product of Angola will grow at a rate of 1.5% this year, which is a decline of 1.4 percentage points in relation to the forecast announced in June 2019, according to the Global Economic Outlook report published in Washington.

Port of Nacala, Mozambique, increases cargo handled in 2019

10 January 2020
| Mozambique
The Northern Development Corridor (CDN), the concessionaire company of the port of Nacala, in Nampula province, northern Mozambique, handled more than 2.2 million tonnes of general cargo in 2019, an annual increase of 16%, the company said.

Cabo Verde’s statistical system to undergo first external evaluation

10 January 2020
| Cabo Verde
The statistical system in Cabo Verde will be evaluated by its African peers at the end of January, the chairman of the board of directors of the National Statistical Institute (INE), Osvaldo Borges announced on Thursday in Praia.

Diplomat from São Tomé and Príncipe chosen as director-general of the CPLP

10 January 2020
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
São Tomé diplomat Armindo Brito Fernandes, 58 years old and a law graduate, will be the new director-general of the Community of Portuguese Speaking Countries (CPLP), taking on the position next February for a term of three years, announced the embassy of São Tomé and Príncipe in Portugal.

2020 will be the fourth consecutive year of recession for Angola, EIU says

9 January 2020
| Angola
The outlook for economic growth in Angola remains bleak, and projections point to 2020 being the fourth consecutive year of recession, as a consequence of developments in the oil sector, according to analysts from the Economist Intelligence Unit (EIU) in its latest report on the country.

CTM signs memorandum of understanding with Angola Cables

9 January 2020
| Angola | Macau
Macau telecommunications company CTM and Angola Cables recently signed a memorandum of understanding that aims to increase business opportunities between Macau, mainland China and the Portuguese-speaking countries, according to a statement released in Macau.

Angolan banks grant US$79 million to support domestic production in fourth quarter of 2019

9 January 2020
| Angola
The eight commercial banks of Angola that have joined the credit support programme, which aims to increase domestic production and replace imports, approved 23 loan requests totalling 38.6 billion kwanzas (US$79 million) in the fourth quarter of 2019, said the Ministry of Economy and Planning.

Five insurance companies in Angola collected 75% of premiums from 2014 to 2018

9 January 2020
| Angola
Five of the 28 insurance companies operating in Angola accounted for 75% of insurance premiums issued in 2018, or an estimated 104.842 billion kwanzas (about US$214 million), according to a study of the Regulatory Agency for Insurance Supervision of Angola.

National Bank of Angola saves money by issuing plastic banknotes

9 January 2020
The issue of the new series of Angolan Kwanzas, scheduled for this year, will reduce maintenance costs of the country's currency by half, said on Wednesday in Luanda the governor of the National Bank of Angola.

Cabo Verde Government approves “Green Card” for foreigners who buy real estate property

9 January 2020
| Cabo Verde
The Government of Cabo Verde has approved the creation of a different status for anyone who owns a second home in Cabo Verde, by issuing a "Green Card" to foreigners, which offers a permanent residence permit for an indefinite period of time, under a decree published in the country's Official Bulletin.

China is the main importer of chicken meat from Brazil in 2019

8 January 2020
| Brazil | China
In 2019 China was the main importer of chicken meat produced in Brazil with purchases of 585,300 tonnes, or growth of 34% compared to 483,000 tonnes in 2018, said the Brazilian Association of Animal Protein.

Angola wants to facilitate movement within the Community of Portuguese Speaking Countries

8 January 2020
| Angola | Brazil | Cabo Verde | Guinea-Bissau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The government of Angola expects that the progress made in the technical discussions can make the issue of movement within the Community of Portuguese Speaking Countries (CPLP) less complex, the Angolan Minister for Foreign Affairs said on Monday in Lisbon.

Commercial bank conducts first free sale of currencies in Angola

8 January 2020
| Angola
A commercial bank operating in Angola held the first free sale of currencies to individuals without the need to present travel documents, an operation carried out under the terms of Notice 10/2019, of 6 November, said the Angolan central bank.

Production of the Cahora Bassa Hydroelectric facility in Mozambique, affected by cyclone Idai

8 January 2020
| Mozambique
The production of electrical energy achieved by the Cahora Bassa Hydroelectric dam (HCB) in 2019 amounted to 14,656-gigawatt hours, which represents an increase of 7.3% when compared with production recorded in 2018 of 13,659 gigawatt-hours, the facility’s management company said.

Government, employers and workers from Mozambique prepare negotiation on minimum wages

8 January 2020
| Mozambique
The negotiations to set new minimum wages in Mozambique, involving the government, the Confederation of Economic Associations of Mozambique the Organisation of Workers in Mozambique, will be conducted between February and March, reported the Mozambican press.

Government of Mozambique approves grants for reconstruction of infrastructure

8 January 2020
| Mozambique
The government of Mozambique has ratified three donations from the International Development Association (IDA), of the World Bank Group, intended for the reconstruction of infrastructure destroyed by natural disasters in the north and centre of the country, the spokesperson for the Council of Ministers announced on Tuesday.

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