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Angolan parliament approves draft anti-money laundering and prevention law

30 October 2019
| Angola
The draft Law on Preventing and Combating Money Laundering, Financing Terrorism and the Proliferation of Weapons of Mass Destruction on Tuesday was unanimously approved in general by the Angolan parliament.

Angola’s net international reserves fall to US$10.1 billion

30 October 2019
| Angola
Angola's net international reserves fell by US$717 million in September to US$10.1 billion, the lowest figure in the National Bank of Angola statistics series, according to the weekly market comment from Banco de Fomento Angola.

Angolan oil exports down by 5.3 million barrels of oil in Q3

30 October 2019
| Angola
Angola exported 116.4 million barrels of oil during the third quarter of 2019, down by 5.3 million barrels from the second quarter, at an average price of US$62.8 a barrel, according to a report presented on Tuesday in Luanda.

Cimentos de Moçambique sells 10,000 tonnes of cement to natural gas projects

30 October 2019
| Mozambique
Cement company Cimentos de Moçambique has sold more than 10,000 tonnes of cement to build the initial structures for natural gas exploration projects in the Rovuma basin, in Mozambique's Cabo Delgado province, said the company's managing director, Edney Vieira.

Chinese loan finances recovery of Mozambican fishing port

29 October 2019
| China | Mozambique
Dock one of the fishing port of Beira in the Mozambican central province of Sofala, a project financed by a US$120 million loan from China, was inaugurated on Monday by Mozambican President Filipe Nyusi, local media reported.

Employed population of Macau has median monthly income of US$2,125

29 October 2019
| Macau
The median monthly income of Macau's employed population in the third quarter of 2019 stood at 17,000 patacas (US$2,125), an increase of 700 patacas against the previous quarter, according to the Statistics and Census Bureau.

Brazil to export processed meat to China

29 October 2019
| Brazil | China
Brazil will be able to export processed meat and cottonseed meal to China under two health protocols signed by the Brazilian Minister of Agriculture, Livestock and Supply, Tereza Cristina and the Chinese General Customs Administration, according to official information.

Bank of Mozambique sanctions financial institutions for irregularities

29 October 2019
| Mozambique | Portugal
The Bank of Mozambique has imposed sanctions on 20 financial institutions operating in the country for violations of the Anti-Money Laundering and Anti-Terrorist Financing Act, and of Credit Institutions and Financial Corporations, according to a statement released on Monday.

New consortium set up in Angola to explore natural gas

29 October 2019
| Angola
The National Oil, Gas and Biofuels Agency (ANPG) has partnered with five oil groups to set up a consortium to explore, develop and produce liquefied natural gas on a cost-sharing basis, according to official information released on Monday in Luanda.

Angolan agency wants to diversify products for export

29 October 2019
| Angola
The Angolan Private Investment and Export Promotion Agency (Aipex) wants to make exports of non-oil products more regular as a way of contributing to the diversification of the economy, its chairman, Licínio Vaz Contreiras said on Monday.

Brazil invites China to take part in major oil and gas auction

28 October 2019
| Brazil | China
Brazilian President Jair Bolsonaro invited China to participate in a large auction of oil and gas concessions taking place on 6 November, which is expected to provide revenue of over US$100 billion, when he met with his counterpart Xi Jinping at the Great People's Palace in Beijing, according to the Brazilian press.

Tivoli Hotels & Resorts chain opens hotel in Chengdu, Sichuan Province

28 October 2019
| Brazil | China | Portugal
The Tivoli Hotels & Resorts chain plans to open a hotel in Chengdu, capital of Sichuan Province, this year, the first time it has made an investment in the Chinese market, Thailand's Minor Group said in a statement in Bangkok.

Brazil and China launch sixth Earth observation satellite

28 October 2019
| Brazil | China
The sixth remote observation satellite developed in partnership between Brazil and China will be launched into space and put into orbit on 17 December, the Brazilian National Institute for Space Research (INPE) said in a statement issued in São José dos Campos.

Portugal and China are main foreign investors in Angola in 2019

28 October 2019
| Angola | China | Portugal
Portugal led by number and China by value in terms of the investment proposals submitted by foreign companies to the Angolan Private Investment and Export Promotion Agency (Aipex), the investment and fundraising manager said.

Northern Portuguese city equipped with 5G mobile phone network

28 October 2019
| China | Portugal
The city of Matosinhos, in the north of Portugal, has been covered by a 5G mobile phone network, in a partnership between Portuguese company NOS and Chinese group Huawei, the company said in a statement adding that the network is fully operational and available.

Nampula province expected to account for half of Mozambique’s cashew production

28 October 2019
| Mozambique
Nampula province plans to produce 73,000 tonnes of cashew nuts during the 2019/2020 agricultural campaign that begins on Monday in Mozambique, thereby maintaining its status as the largest national producer, said the provincial delegate of the National Cashew Institute on Sunday in the city of Nampula.

Angolan economy to continue to contract in 2019 and 2020

25 October 2019
| Angola
Angola will only see economic growth again in 2021, when its Gross Domestic Product is expected to rise by 2.4%, according to forecasts from the Economist Intelligence Unit (EIU), in its latest country report.

Cidade da China retail complex is important for Angola

25 October 2019
| Angola | China
The Cidade da China (China City) retail complex is important for Angola as it creates many jobs for young people looking for their first job, particularly in Luanda, Trade Minister Joffre Van-Dúnem Júnior said on Thursday.

Equity securities will finance some companies due to be privatised in Angola

25 October 2019
| Angola
The Angolan government will help state-owned companies raise additional funding before they are restructured for privatisation, said Secretary of State for Finance and the Treasury Osvaldo Vitorino João in Luanda on Thursday.

Angola’s TAAG airline stops flying between Luanda and Rio de Janeiro

25 October 2019
| Angola | Brazil | Mozambique
Angolan airline TAAG has decided to stop flying between Luanda and Rio de Janeiro, ending an operation with a history of over 10 years under what it has called route restructuring, the company said in a statement issued on Tuesday in the Angolan capital.

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