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Mozambique’s national postal company wants to sell assets to be able to compete with private companies

9 April 2019
| Mozambique
Mozambican state-owned postal company Correios de Moçambique plans to sell a portion of its real estate assets to reduce the number of workers from 620 to 326 nationwide, announced the chairman of the company's Board of Directors.

Exports from Brazil to China almost totally focused on raw materials

9 April 2019
| Brazil | China
Brazilian industrial products represent a minuscule share of total exports to China, accounting for just 2.31% of total exports to the country in the first quarter of 2019, Comex in Brazil reported.

Angola gathers information on land management in Portugal

9 April 2019
| Angola | Portugal
The Angolan government is drawing up a new model of land management, said the minister of Land Administration and State Reform at the end of a meeting with the Portuguese Minister of Internal Affairs.

Chinese-Angolan partnership builds fishing vessels in Angola

9 April 2019
| Angola | China
Six purse-seine and trawler fishing vessels have been built since 2017 at the Lobito Velho shipyard, in Angola's Benguela province, as part of the relaunch of the shipbuilding industry in the country, said the managing partner of Plano Inclinado e Estaleiro Lda. - Sopesul.

São Tomé and Príncipe receives funds to develop agriculture

9 April 2019
| São Tomé and Príncipe
The International Fund for Agricultural Development (IFAD) has provided US$25 million to São Tomé and Principe to finance the agriculture, fisheries and rural development sectors, the local media reported recently.

São Tomé and Príncipe welcomes 300 entrepreneurs to an international meeting in July

8 April 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
About 300 entrepreneurs are expected to head to São Tomé and Príncipe to attend the 14th business meeting for economic cooperation between China and the Portuguese-speaking countries next July, the organising committee said.

Companies in Cabo Delgado, northern Mozambique, facing difficult situation due to armed attacks

8 April 2019
| Mozambique
Business owners in the province of Cabo Delgado, northern Mozambique, where several armed attacks have occurred, are facing a difficult situation, with some companies closing, Mozambican newspaper O País reported.

TAAG airline connects Angola to Cabo Verde via São Tomé and Príncipe

8 April 2019
| Angola | Cabo Verde | São Tomé and Príncipe
Angolan airline TAAG has resumed flights between Angola and Cabo Verde, with the first flight to be scheduled for 21 April, with a stopover in São Tomé and Príncipe, the delegation of the Angolan company in São Tomé said in a statement.

Alrosa group and Endiama extend cooperation in Angola

8 April 2019
| Angola
Russia's Alrosa group and Angola's national diamond company Endiama have signed a memorandum of understanding to increase bilateral cooperation, the group said in a statement.

Angola invited to attend Russia-Africa summit

8 April 2019
| Angola
Russian President Vladimir Putin invited Angola, through its President João Lourenço, to be represented at the first Russia-Africa economic summit, to be held next October in Moscow, the international press reported.

World Bank finances rural electrification in Mozambique

4 April 2019
| Mozambique
The World Bank has provided funding of US$148 million to Mozambique to increase access to electricity in five of the country's poorest provinces, according to a statement released in Washington.

The privatisation of seven companies in Angola attracts more than 60 investors

4 April 2019
| Angola | Portugal
The privatisation of seven industrial companies in Angola has already attracted the interest of more than 60 national and international investors, said the chief executive of the Institute of Assets and State Participation Management (IGAPE).

Meetings between the International Monetary Fund and the Angolan government continue in Washington

4 April 2019
| Angola
Meetings between the mission of the International Monetary Fund (IMF) and the Angolan government will continue in the coming weeks in Washington, United States, the Angolan Finance Ministry said.

Angola’s economy expected to grow by 3.0% in 2020/2021

4 April 2019
| Angola
Angola's economy is forecast to grow by 3.0% in 2020/2021, the Ministry of Finance estimated, as well as confirming the recession from 2016 to 2018 due to declining oil production.

Angola spends US$8.6 billion over three years on food imports

4 April 2019
| Angola
Angola has spent US$8.6 billion importing food products over the last three years, of which half was spent buying basic basket products, said the governor of the National Bank of Angola.

Macau takes a further step in building the Guangdong-Hong Kong-Macau Greater Bay

3 April 2019
| China | Macau
A protocol of cooperation established by the services of the Bank of China for the integration of Macau in the construction of the Guangdong-Hong Kong-Macau Greater Bay was signed on Tuesday in the territory, according to official information.

State of São Paulo, Brazil, opens commercial office in Shanghai, China

3 April 2019
| Brazil | China
São Paulo plans to open a commercial office in Shanghai, the governor of the Brazilian state announced on Tuesday, after an audience with the Chinese ambassador to Brazil, Yang Wanming, Agência Brasil reported.

Mozambican government wants to improve the business environment with tax amnesty

3 April 2019
| Mozambique
The government-approved tax amnesty will bring taxpayers closer to the tax system and allow for the improvement of the business environment, the Mozambican economy and finance minister said in Maputo.

Angolan commercial banks forced to grant loans at reduced interest rates

3 April 2019
| Angola
The commercial banks operating in Angola have to apply an interest rate equal to or lower than 7.5%, compared with the current rate of 26%, to requests for loans to the economy, with a focus on agriculture, according to a notice from the National Bank of Angola.

The budget of São Tomé and Príncipe for 2019 reduces customs surcharges

3 April 2019
| São Tomé and Príncipe
Customs surcharges in São Tomé and Príncipe will be halved and there will be a customs exemption on importing animal feed, according to the proposed General State Budget Bill for 2019.

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