As LNG projects in the north of Mozambique progress, the government faces two major hurdles: financially, to find capital for its share of the investment needed to develop the Rovuma basin world-class natural gas reserves, which could top US$1 billion; militarily, to ensure safety in Cabo Delgado province from Islamist insurgents. In both instances, Russia has come to the rescue.
Mining company Jinan Hi Tech will help bolster China's presence in Mozambique's graphite extraction and processing after receiving authorisation from China's National Development and Reform Commission to buy a 34.01% stake in Australia's Triton Minerals.
To coincide with the launch of a new biography written by his grandson, we look at the life and times of Pedro José Lobo
Cabo Verde is among the most attractive tourist markets in West Africa at a time when the continent is increasingly attracting tourism investment, according to an assessment released by Hospitality and Tourism International (HTI) Consulting.
The good momentum of the Portuguese real estate market continues to attract more and more investors, mainly Chinese. Now, with a few major infrastructure projects set to be launched in the country, including Port of Sines’ new terminal valued at US$640 million, Chinese construction companies are showing interest in partnering with, or even acquiring, Portuguese counterparts.
Angola and Mozambique are among the highest-risk African countries, albeit with an upward trend in returns for investors, according to the Risk-Return Index 2019, a study by consulting firms Oxford Economics and Control Risks.
European companies, especially in the construction sector, have long complained that Chinese official credit lines make them less competitive vis-a-vis Chinese counterparts in African countries. With a new alliance agreement between Europe and Africa, the business sector is confident that the playing field can be levelled.
Chinese telecommunications group Huawei is involved in the launch of 4G and 5G mobile network technologies in Mozambique and Cabo Verde, which are expected to help boost the economies of both countries.
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.