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International Monetary Fund analyses emergency credit to Mozambique

27 March 2019
| Mozambique
The International Monetary Fund (IMF) is considering granting an emergency loan to Mozambique of between US$60 million and US$120 million, the IMF's mission head for Mozambique announced on Tuesday in Maputo.

Cabo Verde needs to improve the business environment so that the economy can grow

27 March 2019
| Cabo Verde
Deputy Prime Minister and Finance Minister Olavo Correia on Tuesday called on the need to improve the business environment in Cabo Verde so that the economy can continue to grow.

São Tomé and Príncipe PM calls for Chinese investment in the archipelago in Shanghai

27 March 2019
| China | São Tomé and Príncipe
São Tomé and Principe's Prime Minister has invited Shanghai businesspeople to invest in the archipelago during a meeting with the city's mayor, Ying Yong, local media reported.

Operation Transparency at Sea in Angola will remove illegal fishing vessels

27 March 2019
| Angola
"Operation Transparency at Sea" will make most of the vessels fishing illegally in Angola's territorial waters leave, said the Minister of Fisheries and the Sea, during a meeting with operators in Moçâmedes.

Sonangol’s new drilling rig was baptized in South Korea

26 March 2019
| Angola
A new drilling rig of Angolan oil and gas company Sonangol to operate in deep waters, ultra-deepwater and the pre-salt layer, on Thursday was named in Busan, South Korea, according to the Angolan press.

Brazil’s Petrobras re-considers refinery in partnership with China National Petroleum Corporation

26 March 2019
| Brazil | China
Brazilian oil company Petrobras is re-evaluating a preliminary agreement with the China National Petroleum Corporation (CNPC) to build a refinery in the state of Rio de Janeiro, financial newspaper Valor Econômico reported.

Cabo Verde’s economy expected to continue to grow over the next four years

26 March 2019
| Cabo Verde
Cabo Verde's economy is set to continue on its path of growth over the next four years after starting in 2017, the head of the International Monetary Fund (IMF) mission said on Monday in Praia.

Hyundai Motors plans to build heavy vehicles in Angola

25 March 2019
| Angola | Mozambique
South Korean group Hyundai Motors plans to build a factory in Angola to assemble heavy-duty vehicles, the group's sales director for commercial vehicles announced on Friday in Luanda.

Nine commercial banks in Angola support import substitution programme

25 March 2019
| Angola
Nine commercial banks will finance projects of Angolan businesspeople linked to the Credit Support Programme of up to US$434 million, announced on Friday in Luanda the Secretary of State for the Economy and Planning.

National minimum wage in Angola increases by 30%

25 March 2019
| Angola
The national minimum wage in Angola has been set at 21,545.10 kwanzas (US$67.5), an increase of 30% over the amount set in 2017, according to a presidential decree signed on Thursday in Luanda.

China contributes US$5 million to São Tomé and Príncipe’s 2019 budget

25 March 2019
| China | São Tomé and Príncipe
China will contribute US$5 million in direct support to the São Tomé and Príncipe general state budget for 2019, the São Tomé finance minister said in São Tomé on Friday.

Holidays and Hong Kong-Zhuhai-Macau bridge increase number of visitors arriving in Macau in February

25 March 2019
| China | Macau
The Lunar New Year holidays and the Hong Kong-Zhuhai-Macau Bridge led to the number of people who visited Macau in February rising by 15.5% year-on-year and 3.5% in monthly terms, according to the Macau Statistics and Census Bureau.

US expected to block China Three Gorges’ bid for Energias de Portugal

22 March 2019
| China | Portugal
The takeover bid launched by China Three Gorges over the entire share capital of EDP - Energias de Portugal will be "blocked" in the United States, said Ambassador George Glass.

Mozambique’s insurers negotiate requirements to participate in natural gas projects

22 March 2019
| Mozambique
The requirements set out by foreign groups for the participation of Mozambican insurance companies in natural gas projects are being negotiated and may be revised, said the president of Mozambican insurance company Emose.

Portugal and Timor-Leste sign new Strategic Cooperation Programme in July

22 March 2019
| Portugal | Timor-Leste
Portugal and Timor-Leste are due in July to sign a new Strategic Cooperation Programme (PEC) valid for the 2019/2022 period, according to a statement released after the meeting of the Council of Ministers of 20 March.

President of Angola orders sale of vacant real estate assets abroad

22 March 2019
| Angola
The President of Angola ordered the sale of foreign diplomatic real estate assets following the re-sizing of the country's network of diplomatic missions, under a presidential decree.

Angolan banking system is “lacking” in the prevention of money laundering

22 March 2019
| Angola
Some Angolan banking institutions are still "lacking" in the prevention of money laundering, an official from the National Bank of Angola (BNA) said on Thursday in Luanda.

Fuel subsidy to Angola’s agricultural and fishing production enters into force in March

21 March 2019
| Angola
The subsidy on the price of fuel for fishing, a measure announced by the Angolan government last February, will enter into force in March, the Minister of Fisheries and the Sea announced in Benguela.

Angolan banking sector prefers public debt securities to client loans

21 March 2019
| Angola
Government debt securities accounted for 34.01% of assets of commercial banks operating in Angola at the end of 2018, almost double the percentage registered in 2013 (18.73%) according to figures from the National Bank of Angola.

Cabo Verde Government wants to raise 500 million euros in financing

21 March 2019
| Cabo Verde
The Cape Verdean government intends to raise a minimum of 500 million euros with the first edition of the Cabo Verde Investment Forum (CVIF) next July on the island of Sal, the deputy prime minister and minister of Finance said on Wednesday in Praia.

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