Most Portuguese-speaking countries have fallen in the index of the recently published Travel and Tourism Competitiveness Report, with the exception of Portugal and Angola.
Mozambique, as one of the poorest countries in the world, can be considered lucky to have so many valuable natural resources on its soil. From coal and gas to precious stones and timber, it has many raw materials that are in big demand in the rest of the world. It is up to the private sector to develop the required export projects but the government has a big role to play.
The Sovereign Private Investment Guarantee Fund (FSGIP) approved by the Government of Cabo Verde is expected by 2025 to have a capitalisation of US$500 million as a result of the participation of private entities.
China has been demonstrating “greater sensitivity” to the debt issues of the countries that benefit from its funding, particularly those under the Belt and Road initiative, according to researcher Johanna Malm.
The modernisation of São Tomé airport will be "one of the major projects since independence" of São Tomé and Príncipe and will boost tourism, the ambassador of the People's Republic of China Wang Wei said in an interview due to be published in Macao Magazine in September.
The biggest privatisation programme Angola has ever seen – and likely one of the largest in Africa – will begin this year, involving some of the country’s most important companies. Under the programme, which runs through 2022, the state will sell its stakes in dozens of companies in all sectors.
Most African countries, including the Portuguese-speaking ones, have been facilitating the entry of Chinese citizens in their respective territories, the aim being to increase investment and tourism, indicates a study by the Migration Policy Institute
After many delays, 2019 has become the year when, finally, both liquified natural gas (LNG) projects in Cabo Delgado, in northern Mozambique, are underway. But a few challenges still remain before they become a reality and, in 5–6 years, Mozambique becomes Africa’s biggest LNG producer, exporting energy to China and other Asian countries.
China is a "very important partner" for São Tomé and Príncipe, particularly for "structural projects" such as the airport, new port and housing, São Tomé's Prime Minister told Macauhub.
Cabo Verde's new Commercial Code and Commercial Companies Code will come into force on 21 October, replacing colonial legislation that is over a century old and introducing new types of contracts.
Technical studies for the revamp of São Tomé International Airport, whose limitations make it one of the country’s bottlenecks, are almost complete. The most delicate part, financing, is still being worked out. Prospects are more complicated for another Chinese-built major infrastructure, the deepwater port.
The São Tomé Trade and Investment Promotion Agency (APCI) will follow up on potential deals that resulted from the meeting of entrepreneurs from China and Portuguese-speaking countries, said the director of the São Tomé and Príncipe agency.
Mozambique is finalising a new strategy to attract investment from China, focused on agro-industry and light industry, at a time when the country is also being sought out by Chinese pharmaceutical manufacturers and medical equipment manufacturers.
Banco Nacional Ultramarino (BNU) is well prepared to participate in the Greater Bay Area project as a business partner of companies in Portuguese-speaking countries and China, said the chief executive director of the first bank ever established in Macau.
Art has been around for at least 10,000 years. It has taken many forms, from paintings on cave walls to dead sheep suspended in formaldehyde. But, whatever the medium, age and location, one thing is for sure: you can tell a lot about a culture when you look at its art. As the late anthropologist Claude Lévi-Strauss said, objects matter.
The diversification of Macau's economy centred on relations with Portuguese-speaking countries is essential if the territory is to find its place in the Greater Bay Area, said the chief executive of Banco Nacional Ultramarino (BNU).
With Huawei already a key player in Cabo Verde’s IT sector, Macao-based tech company Bringbuys Web Technology is taking firm strides to establish itself in the archipelago, which has ambitious plans for e-governance. The Macao company’s own ambitions extend to other Portuguese-speaking countries, both in the region and beyond.
Angola's electricity production capacity, one of the critical factors for the country's development, has been increasing thanks to support provided by China, according to the World Bank.
Air and maritime transports have long been identified as a major bottleneck for economic growth and development of Cabo Verde. Flying to Lisbon, Portugal, is often cheaper than flying between islands, and moving goods internally is also expensive for local companies. A revamp of air and maritime transports, a priority for the local Government, is finally taking form, but with mixed prospects.
China is involved in eight port projects, which have either been completed or announced in Portuguese-speaking countries, as a construction company or through funding, according to a recent survey by the Center for Strategic International Studies (CSIS).