Since China became Africa’s largest trading partner in 2009, trade has continued to climb, helped by cooperative frameworks put in place by the Chinese government and its African counterparts. The momentum is expected to build over the medium term, and the Beijing Summit of the Forum on China-Africa Cooperation in September is likely to help ensure that these increasingly close economic ties become even closer.
Angola is the African country that has received most Chinese funding for the construction of energy infrastructure since the year 2000, according to a recent study from Boston University, in the United States.
The signing of new contracts for the sale of Mozambican natural gas, namely to China, as well as the government approval of the Area 1 project led by US group Anadarko Petroleum, have improved the outlook for this industry in Mozambique in recent weeks.
The new campus took four years of construction, beginning in 2013, at a cost of around MOP600 million (US$74.6 million).
China has announced that it intends to extend the "Belt and Road" initiative to Brazil and other South American countries in a move interpreted by analysts as a way of taking advantage of the US retreat in its relationship with the region.
In 1894, a group of Macao businessmen opened a silk reeling factory, setting a new milestone for their community. With more than 800 men and women employed there, the factory was the largest industrial plant owned by Chinese in Macao.
The diversification of the Cabo Verdean economy is high on the list of priorities for the archipelago's government, which intends to attract more investment, especially for infrastructure, to improve the business environment and to open up to emerging economies, Portuguese trade and investment promotion agency AICEP Portugal Global said recently.
In November 2017, Macao began restoration of the seven bronze statues that grace the facade of its most famous landmark: the Ruins of St. Paul’s, the last vestiges of a 17th-century church.
Brazil and Cabo Verde (Cape Verde) will be two of the first countries visited by the new President of Angola, João Lourenço, in a clear sign of the importance of strategic relations with both Portuguese-speaking countries, particularly in economic terms.
Club Lusitano, one of Hong Kong’s oldest private clubs with a history of 151 years, has over 500 members, of whom 270 are active.
The licensing process of Banco Sino-Atlântico (BSA), in Cabo Verde (Cape Verde), by Macau businessman David Chow is underway at the Bank of Cabo Verde (BCV), the banking sector regulator, which has already received all the documentation related to it, the Africa Monitor Intelligence newsletter reported.
With an area of about 30 square kilometres and a population density of more than 21,000 inhabitants per square kilometre, it is hard to imagine that Macao still retains any significant biodiversity.
The Asian Infrastructure Investment Bank (AIIB), which includes Timor-Leste (East Timor) and Portugal among its members, intends to strengthen its intervention in Africa and South America, said the chairman of the financial institution based in China.
Macao is home to an impressive number of old and valuable trees, which have defied the odds to survive in this urban jungle.
The President of the Republic of Mozambique, Filipe Nyusi, has appointed a new foreign minister with links to China as well as a new ambassador for China, at a time when bilateral economic and trade relations are growing, according to the Africa Monitor Intelligence newsletter.
The abacus has been a tool of calculation widely used in China for nearly 2,000 years, and it is still alive in Macao.
Cabo Verde (Cape Verde) and Guinea-Bissau are expected to post economic growth above the regional and global average in 2018, according to the World Bank, which has also significantly reduced growth forecasts for Mozambique and raised them for Angola.
The Jesuit’s profound knowledge of Japan, where he spent 33 years of his life, earned him the nickname Tçuzu, or the Interpreter
The Maputo/Catembe bridge, due to be opened in the next few months in the Mozambican capital, is the project with the biggesting funding granted by China for the construction of infrastructure in the African country, the total amount of which exceeded US$2.28 billion from 2000 to 2014.