News

Angola launches public tenders for the management of industrial development centres

15 November 2018

| Angola

The first public tenders to be the infrastructure of and manage Angola's industrial and rural development centres will be launched by the end of the year, the industry minister said on Wednesday in Luanda.

Cabo Verde wants to achieve full mobility in the Community of Portuguese Speaking Countries

15 November 2018

Cabo Verde (Cape Verde) "will do everything" it can to ensure that the full mobility of citizens within the Community of Portuguese Speaking Countries (CPLP) space is guaranteed "as soon as possible," said the Cape Verdean President.

New Executive Secretary of the CPLP takes office on 15 December

15 November 2018

Portuguese ambassador Francisco Ribeiro Teles takes office on 15 December as the new executive secretary of the Community of Portuguese Speaking Countries (CPLP), said on Wednesday the Cape Verdean Minister of Foreign Affairs and Communities.

Logistics Base of Pemba, Mozambique, may receive ships from January 2019

15 November 2018

| Mozambique

The Pemba Logistics Base (BLP) in Cabo Delgado province, northern Mozambique, is expected to be able to receive ships in January 2019, said the operational director at Portos de Cabo Delgado.

Crisis in Angola leads to a drop in cement consumption

15 November 2018

| Angola

Cement consumption in Angola stood at 26% of production at the end of October, due to the many construction works coming to a standstill and the shortage of foreign currency, said the president of the Angolan Cement Industry Association.

CPLP entrepreneurs call for free movement within the community of countries

14 November 2018

The Business Confederation of the Community of Portuguese Speaking Countries (CE-CPLP) hopes that during the Cape Verdean presidency of the organszation the issue of mobility will be overcome, said Jorge Spencer Lima, the outgoing vice president.

Angola’s parliament approves proposed law on coercive repatriation of assets

14 November 2018

| Angola

The draft law on forced repatriation and extended loss of assets, which establishes the procedures for the loss of assets to the state, was generally approved on Tuesday by the Angolan parliament, the local press reported.

Angola’s fishing plan costs US$475 million

14 November 2018

| Angola

The plan to manage fisheries and aquaculture in Angola will cost US$475 million, the director of the Office of Studies, Planning and Statistics of the Ministry of Fisheries and the Sea said in Luanda.

Angola increases salt production four-fold to 440,000 tons

14 November 2018

| Angola

Angola is expected to increase its salt production four-fold to 440,000 tons over the next five years, the Angolan minister of Fisheries and the Sea, Victória de Barros Neto, said on Tuesday in Luanda.

Mozambique revitalises production of sisal

14 November 2018

| Mozambique

The production, processing and export of sisal fibre from Mozambique will be the subject of new regulation, which is currently under development, said the director general of the Mozambique Cotton Institute.

Macau’s gaming sector was the one most affected by typhoon Mangkut

13 November 2018

| Macau

Gaming was the economic sector that suffered most from typhoon Mangkut hitting Macau last September, with the Statistics and Census Bureau (DSEC) estimating an indirect loss of 960 million patacas.

Syrah Resources signs another contract to sell graphite to Chinese company

13 November 2018

| China | Mozambique

Syrah Resources has signed two new contracts for the sale of graphite to be extracted at the Balama mine in northern Mozambique, one of which is with China's Qingdao Freyr Graphite Co., Ltd, the Australian company said in a market filing.

Cabo Verde International Fair to be managed by private entities

13 November 2018

| Cabo Verde

Cabo Verde's (Cape Verde's) chambers of commerce and tourism will take over the management of the Cabo Verde International Fair with the purchase of the state's 80% stake, said the secretary general of the Sotavento Chamber of Commerce, Industry and Services.

French-Angolan consortium plans to prospect for oil in São Tomé and Principe

13 November 2018

| São Tomé and Príncipe

São Tomé and Príncipe's National Oil Agency has begun negotiations with a consortium to sign an oil exploration contract in Block 01 of the archipelago's Exclusive Economic Zone, the agency's chief executive said.

Macau population reaches 663,400 people at the end of September

13 November 2018

| Macau

The population of Macau at the end of September totalled 663 400 people, a real increase of 4,500 people compared with the previous quarter, according to the region's Statistics and Census Bureau.

Maputo-Katembe Bridge inaugurated in Mozambique

12 November 2018

| China | Mozambique

The Maputo-Katembe Bridge, which connects the two banks of the bay of Mozambique's capital, was inaugurated on Saturday after more than four years of construction and a cost over US$750 million, the Mozambican media reported.

Construction of Angola’s Cabinda Refinery, awarded to United Shine consortium

12 November 2018

| Angola

The construction of the Cabinda Refinery was awarded to the United Shine consortium in partnership with Angola's national oil and gas company, Sonangol, the state-owned company said in a statement on Friday.

Governor of the Central Bank of Angola forecasts mergers in commercial banking

12 November 2018

| Angola

Measures introduced to adjust the minimum capital and equity of Angola's financial institutions ordered in March to be completed by 31 December should lead to mergers and acquisitions in the system, according to the governor of the National Bank of Angola.

Cabo Verde International Fair 2018 opens with 130 companies

12 November 2018

| Brazil | Cabo Verde | Portugal

The 22nd edition of the Cabo Verde (Cape Verde) International Fair (FIC), which starts on Wednesday, 14 November in Praia, will have a total of 220 stands of 130 companies from Cabo Verde, Portugal, Spain and Brazil, according to the event's organisers.

BNU Macau results fall on year in January to September period

12 November 2018

| Macau

A non-recurring sale of real estate recorded in 2017 caused the result of Banco Nacional Ultramarino Macau in the first three quarters of 2018 to fall by 15.62%, the bank's chief executive told Macauhub.

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