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Cabo Verde signs memorandum with the African Development Bank and Portugal

2 July 2019
| Cabo Verde | Mozambique | Portugal
On Monday Cabo Verde became the second Portuguese-speaking African country to sign the Memorandum of Understanding on the Lusophone Compact with Portugal and the African Development Bank, the archipelago's government said.

Directorate-General for Tourism replaced by the Cabo Verde Tourism Institute

2 July 2019
| Cabo Verde | Portugal
The new Cabo Verde Tourism Institute will have its headquarters in the city of Santa Maria, on Sal island, and the respective decree-law has been approved by the Council of Ministers, the ministerial spokesman said in Praia.

Angolan investment agency receives 62 proposals from January to May

2 July 2019
| Angola
Angola's Private Investment and Export Promotion Agency (Aipex) received 62 investment proposals in the period from January to May, which was nine proposals fewer than those registered in the same period of 2018, the institution said.

IMF representative in Angola recommends elimination of state subsidies

2 July 2019
| Angola
The resident representative of the International Monetary Fund (IMF) in Angola, has called for the elimination of state subsidies for water and electricity consumption, in an interview with the Jornal de Angola newspaper.

Chinese state company invests US$19.5 million in Triton Minerals

1 July 2019
| China | Mozambique
Chinese state-owned company Jinan Hi-Tech has proposed an investment of 19.5 million Australian dollars in Triton Minerals, which is involved in the exploration of graphite deposits in Ancuabe, northern Mozambique, according to a market statement.

China-Portuguese-Language Fund seeks projects in São Tomé and Príncipe

1 July 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
The China-Portuguese Cooperation and Development Fund is looking for projects in São Tomé and Príncipe, a country that reestablished diplomatic relations with China in December 2016, said the secretary general of Forum Macau.

Cabo Verde Investment Forum starts on the island of Sal

1 July 2019
| Cabo Verde | Portugal
The Cape Verdean island of Sal from Monday until Wednesday will host the Cabo Verde Investment Forum, a platform to facilitate business, enable partnerships and raise funds for the private sector, according to official information.

China funds Congress Centre in Cabo Verde

1 July 2019
| Cabo Verde | China
Cabo Verde is negotiating with China on a project to build the Praia Congress Centre, costing an estimated US$15 million, the Foreign and Commonwealth Ministry said on Saturday in Praia.

Angola starts reducing public debt with positive budget balances

1 July 2019
| Angola
The change from negative to positive budget balances is important for the reversal of Angola's debt levels, the Minister of State for Economic Development said on Friday in Luanda.

Angola seeks investors to complete the Barra do Dande Ocean Terminal

1 July 2019
| Angola
Angola's national oil company, Sonangol is looking for Brazilian or foreign investors with the financial capacity to complete the works at the Barra do Dande Ocean Terminal in Bengo province, the company said in a statement.

Capital Airlines to resume the connection between China and Portugal in August

28 June 2019
| China | Portugal
Capital Airlines will resume in late August the direct connection between the eastern Chinese city of Hangzhou and Lisbon, with a stopover in Beijing, which had been suspended in October 2018.

14th China/Portuguese-speaking Countries Business Meeting counts over 100 delegates from China and Macau

28 June 2019
| Angola | Brazil | Cabo Verde | China | Guinea-Bissau | Macau | Mozambique | Portugal | São Tomé and Príncipe | Timor-Leste
More than 100 delegates from mainland China and Macau as well as representatives from Angola, Mozambique, Cabo Verde and Portugal have so far confirmed that they will attend the 14th Business Meeting between China and the Portuguese-speaking Countries, to be held on 8-9 July, said an official from the organizers in São Tomé and Principe.

The public debt of São Tomé and Príncipé out of control – IMF

28 June 2019
| São Tomé and Príncipe
The public debt of São Tomé and Principe is “virtually uncontrolled” and “has reached a point so serious” that “very difficult measures” must be urgently implemented to control it, the representative of the International Monetary Fund stated on Thursday.

Angolan government spends USD$300 million to expand Luanda airport

28 June 2019
| Angola
The Angolan capital’s 4 de Fevereiro International Airport is to undergo renovation and expansion costing an estimated US$300 million, Transportation Minister Ricardo de Abreu revealed on Thursday in Luanda.

Angolan Sovereign Wealth Fund pays for intervention plan in municipalities

28 June 2019
| Angola
Angola’s Integrated Plan for Intervention in Municipalities, presented on Thursday in Luanda, will be financed with US$2 billion from the Sovereign Wealth Fund, said President João Lourenço.

Angola to have National Master Plan for transportation and logistics sector

28 June 2019
| Angola
The National Master Plan for Angola’s transportation and logistics sector will be submitted for government approval early in the third quarter, Transportation Minister Ricardo Viegas de Abreu announced on Wednesday in Luanda.

Privatisation programme in Angola covers more than 190 public companies

27 June 2019
| Angola
The Angolan government will privatise more than 190 public companies, 32 of them major national companies, through the Stock Exchange, the deputy coordinator of the privatisation technical committee of the Ministry of Finance said on Wednesday in Luanda.

Portugal pays 0.62% coupon on bonds in Chinese currency

27 June 2019
| China | Portugal
The interest rate on Portugal's three-year bond issue in China's currency on 30 May is 0.62% following a currency risk hedging operation, the Portuguese finance minister said on Wednesday in Lisbon.

Introduction of VAT in Angola postponed to 1 October

27 June 2019
| Angola
The Angolan Government has confirmed that Value Added Tax (VAT or IVA in Portuguese) will be introduced on 1 October, instead of 1 July, according to an announcement on Wednesday in Luanda at the end of the meeting of the Economic Commission of the Council of Ministers.

Future Angolan National Solid Mineral Resources Agency will be the sector concessionaire

27 June 2019
| Angola
The Angolan National Solid Mineral Resources Agency will play the role of concessionaire of the sector, which is currently carried out by public companies, the Secretary of State for Geology and Mines said on Wednesday in Luanda.

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