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Annual Conference of the Private Sector in Mozambique 2020 may be cancelled

18 March 2020
| Mozambique
The Annual Conference of the Private Sector in Mozambique (CASP-2020), scheduled for next May, may not go ahead due to the spread of the new coronavirus at a global level and requirements to comply with restrictions imposed by the government to prevent the spread of the pandemic, according to an official source.

Tongaat Hulett Group invests in sugar factory in Mozambique

18 March 2020
| Mozambique
Tongaat Hulett, the majority shareholder of the Mafambisse sugar factory, one of the oldest factories in the sector in Mozambique, located in the central province of Sofala, plans to invest approximately 500 million rand on relaunching production not only in Mafambisse but also in Xinavane, in the south of the country, said the director-general of the South African group in Mozambique.

Covid-19 postpones privatisation programme in Angola

18 March 2020
| Angola
Angola’s Institute of State Asset Management (IGAPE) of Angola has decided to postpone the technical presentations, on Wednesday and Thursday in Luanda, on the privatisation textile and agro-livestock businesses, the Ministry of Finance said.

Cabo Verde Airlines grounds aircraft from 18 March

18 March 2020
| Cabo Verde | Portugal
Cabo Verde Airlines has suspended all its operations from 18 March for a period of “at least 30 days," announced the airline in a statement issued on Tuesday in Praia.

Sinohydro Corp builds a solar plant in Guinea-Bissau

17 March 2020
| China | Guinea-Bissau
China's Sinohydro Corporation has been awarded the tender launched in 2019 to build a photovoltaic solar plant in Gardete, in Guinea-Bissau, with an installed capacity of 20 megawatts, and its contract was signed recently, according to official information.

Macau prohibits non-residents from entering Macau with the exception of Mainland China, Hong Kong and Taiwan

17 March 2020
| China | Macau
The Macau government has forbidden, as of 00:00 on Wednesday, the 18th, the entry into the territory of all non-resident persons with the exception of residents of Mainland China, Hong Kong and Taiwan.

Chad delivers the first batch of beef cattle to Angola

17 March 2020
| Angola
The first batch of head of cattle arrived on Sunday in Luanda, according to an agreement reached between the governments of Angola and Chad, in which the latter undertook to pay a debt of US$100 million taken on in 2017 with the delivery of 75,000 head of cattle over a period of 10 years, the Angolan press reported.

Moatize mines, in Mozambique, sold to a Maritius-based company

17 March 2020
| Mozambique
Arcem Resources, with headquarters in Mauritius, has acquired the Minas de Moatize mine, a company that has a coal concession in Moatize, a mining district of Tete province, central Mozambique, reported the Zitamar News website.

Bank of Mozambique reduces the required reserve ratio by 150 basis points

17 March 2020
| Mozambique
The Board of Directors of the Bank of Mozambique on Monday in an extraordinary session decided to reduce the required reserve ratio, the amount of money that banks commercial banks must deposit at the central bank, by 150 basis points, according to an official statement.

IMF postpones visit to Mozambique due to Covid-19

17 March 2020
| Mozambique
The global outbreak of Covid-19 has led to the postponement of a visit to Maputo by a technical team of the International Monetary Fund (IMF) scheduled for the second half of March, said on Monday the resident IMF representative in Mozambique.

Macau to quarantine visitors from the Schengen countries from 17 March

16 March 2020
| Brazil | Macau | Portugal
The citizens of the 26 Schengen Area countries wishing to enter Macau will be subject to a quarantine period of 14 days from 17 March onwards, announced the health authorities of the special administrative region.

Citizens of the United States prevented from entering Angola, Mozambique, São Tomé and Príncipe and Timor-Leste

16 March 2020
| Angola | Brazil | Cabo Verde | China | Mozambique | São Tomé and Príncipe | Timor-Leste
The government of Angola is keeping the ban on the entry of foreign nationals from China, the epicentre of the new coronavirus, South Korea, Japan and Italy, but may extend or reduce this list based on the evolution of the pandemic, said the Secretary of State for Public Health, Franco Mufinda.

President of Angola recognises that the country’s economic situation is difficult

16 March 2020
| Angola
The president of the Popular Movement for the Liberation of Angola (MPLA) and President of Angola, João Lourenço has admitted the possibility of needing to revise economic forecasts due to the fall in the price of oil and the COVID-19 pandemic, the Angolan press reported.

Construction of the port of Macuse in Mozambique starts in 2021

16 March 2020
| China | Mozambique | Portugal
The construction of the deep-water port of Macuse, in Mozambique’s Zambézia provine, is expected to start in 2021, the president of Mozambique Thai Logistic, Orlando Marques, the concessionaire company of the project announced last week in Quelimane.

Government of Mozambique creates Agency for Integrated Development of the North

16 March 2020
| Mozambique
The government of Mozambique has created the Agency for Integrated Development of the North (ADIN), a public institution with the aim of take advantage of the potential and the natural resources in the northern region of the country, said the spokesman of the Council of Ministers.

Macau Monetary Authority reduces rediscount rate to 0.86%

16 March 2020
| Macau
The Macau Monetary Authority (AMCM) on Monday, 16 March 2020, reduced the rediscount rate by 64 basis points to 0.86%, for the second time this month, according to official information.

Mozambican government imposes quarantine on citizens of China and five other countries

13 March 2020
| Angola | China | Mozambique | São Tomé and Príncipe
The government of Mozambique will quarantine the citizens of China as well those from Italy, South Korea, Japan, Germany and France, who wish to enter the country, announced on Thursday in Maputo, the Ministry of Health.

Angola’s National Statistics Institute launches 2019 inventory of companies and establishments

13 March 2020
| Angola
The World Bank has provided US$5 million for the completion of the Inventory of Companies and Establishments (REMPE 2019), to identify all companies and their establishments in Angola, said on Thursday in Luanda the director-general of the National Statistics Institute.

Banks operating in Angola must guarantee capital invested in complex financial products

13 March 2020
| Angola
Banks operating in Angola are required to guarantee the capital invested by clients in complex financial products, "under any circumstances,” according to Notice no. 5/2020, of 28 February, published on Thursday by the National Bank of Angola.

Saurimo, Angola, will have a photovoltaic power plant

13 March 2020
| Angola
A photovoltaic power plant, with a capacity of up to 26 megawatts, will begin to be built in October, in Saurimo, in the Angolan province of Lunda Sul, in order to cover the power deficit in the region, announced the Secretary of State for Energy, António Belsa da Costa.

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