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Angolan shipyard partners with Chinese companies to build fishing vessels

27 March 2020
| Angola | China
Sociedade de Pescas de Kwanza Sul (Sopesul) in Angola plans to increase construction of semi-industrial fishing vessels from wood, to minimise the costs related to imports, with partners from China, the owner of the shipyard told daily newspaper Jornal de Angola.

Angolan government guarantees minimum telecommunications service from 27 March

27 March 2020
| Angola
Angola's telecommunications operators will guarantee, from 27 March, the supply of minimum postal, voice, message, Internet and weather services as part of a contingency plan put in place by the government due to the Covid-19 pandemic, said the Ministry for Telecommunications and Information Technologies.

Angola under state of emergency from 27 March

26 March 2020
| Angola
The President of the Republic of Angola declared a National State of Emergency in the country from 00:00 on 27 March, as one of the measures to help combat the new coronavirus, Covid-19, according to an official statement.

Facim 2020, in Mozambique, postponed due to Covid-19

26 March 2020
| Mozambique
The 2020 edition of the Maputo International Fair (Facim) has been postponed until an as yet unnamed date, the spokesman of the Council of Ministers, Filimão Suazi said in Maputo on Tuesday.

Angolan government waits for more favourable conditions to issue Eurobonds

26 March 2020
| Angola
The Angolan government is waiting for more favourable market conditions before issuing more public debt in Eurobonds as authorised by Presidential Decree on 18 March, daily newspaper Jornal de Angola reported.

Covid-19 leads to postponement of national fairs in Angola

26 March 2020
| Angola
The scheduled dates for holding the five annual national production fairs organised by the C. Calas company in Angola and the provincial authorities have been changed due to the measures adopted by the President of the Republic to contain the spread of the new coronavirus, said the company's chief executive.

Govern without looking at the statistics, says Cabo Verde minister of finance

26 March 2020
| Cabo Verde
Cabo Verde's deputy prime minister and minister of Finance, Olavo Correia, said on Tuesday that in the next three months the governance of Cabo Verde will have to be conducted without considering statistics and ratios, and should focus its attention on people.

São Tomé and Príncipe expected to be one of the countries most economically affected by Covid-19

26 March 2020
| São Tomé and Príncipe
The drop in tourist activity in São Tomé and Príncipe, as a result of border closures and flight cancellations, is expected to lead to one of the biggest reductions in economic activity in Africa, according to estimates from the United Nations Economic Commission for Africa (UNECA).

José de Mello Group takes on loan from Bank of China

25 March 2020
| China | Portugal
Portuguese healthcare group José de Mello Saúde, which owns the private CUF hospitals and clinics has signed a financing agreement with the Bank of China in the amount of €33 million, according to a filing with the Portuguese Capital Markets Commission (CMVM).

Spring edition of Guangdong Fair postponed due to Covid-19

25 March 2020
| China
The Spring edition of the Guangdong Import and Export Fair of China, known as the Guangdong Fair has been postponed due to fears related to the Covid-19 pandemic, the Guangdong provincial authorities announced cited by the local press.

Cabo Verde government announces measures to support companies

25 March 2020
| Cabo Verde
The government of Cabo Verde has launched State-backed lines of credit in the amount of 4 billion escudos (US$7.6 million) to boost liquidity of companies during the current pandemic, prime minister Ulisses Correia e Silva said on Tuesday in Praia.

Angolan National Bank applies sanctions to financial institutions

25 March 2020
| Angola
The Angolan National Bank in the second half of last year launched 490 sanction processes, which resulted in the application of 159 cash fines totalling 421.6 million kwanzas (US$800,000), according to information published on the central bank's website.

Syrah Resources suspends work at factory in USA but keeps operating in Mozambique

25 March 2020
| Mozambique
Syrah Resources has suspended work at its Vidalia factory, in the United States, following the “stay at home” order announced by the governor of Louisiana on 22 March, in order to reduce the spread of the new coronavirus, the company reported.

Vale group removes Brazilian workers from Mozambique

25 March 2020
| Brazil | Mozambique
Over 200 Brazilian workers of Vale Moçambique are due to leave the country on Wednesday night on a Ethiopian Airlines flight, which will take them to Belo Horizonte International Airport, in Confins, where it is due to arrive on Thursday morning, mining group Vale said.

Macau implements restrictions on entry by residents of mainland China, Hong Kong and Taiwan

24 March 2020
| China | Macau
The Chief Executive of Macau Ho Iat Seng on Tuesday announced more border restrictions, specifically a ban on entry into the territory by residents of mainland China, Hong Kong and Taiwan who have been in any other country or region in the previous 14 days.

ExxonMobil postpones final decision on investment in gas project in Mozambique

24 March 2020
| Mozambique
The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.

São Tomé and Príncipe and Equatorial Guinea work together on oil and gas prospecting

24 March 2020
| Portugal | São Tomé and Príncipe
São Tomé and Príncipe and Equatorial Guinea have signed an agreement for the creation of a Special Joint Exploration Zone for oil and gas blocks off the coast of the two countries, according to a statement recently released by the African Energy Chamber.

Mozambique asks for external support to combat the impact of Covid-19

24 March 2020
| Mozambique
The government of Mozambique has asked for US$700 million from cooperation partners to help combat the negative impacts of the Covid-19 pandemic, said on Thursday in Maputo the Minister of Economy and Finance, Adriano Maleiane.

Angola exports 39.9 million barrels of oil in February

24 March 2020
| Angola
Exports of oil extracted in Angola totalled 39.9 million barrels in February which, sold at an average price of $57.06 provided revenues of 404.7 billion kwanzas (US$772 million), according to official figures released in Luanda.

Cabo Verde government approves revised State Budget budget by June

24 March 2020
| Cabo Verde
The Government of Cabo Verde must approve a revised State Budget by next June, following the expected "strong economic recession" due to the Covid-19 pandemic, prime minister Ulisses Correia e Silva said recently.

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