Most international attention on Timor-Leste is directed at the fortunes of the Greater Sunrise hydrocarbon project but another sector has the ability to affect Timorese lives more directly. Coffee accounts for 90 percent of the country’s non-oil and gas export revenues but has the potential to play a much bigger role in rural development. Yet … Continue reading "Challenges but huge potential for Timorese coffee"
This year was expected to be one of economic recovery for Angola, but according to the latest government forecasts, 2019 will, in fact, be a year of marginal growth, at best.
While new coal and LNG port terminals in the northern half of Mozambique attract most international attention, the port of Maputo continues to grow rapidly. The more northerly projects are designed to handle domestic exports but, in contrast, Maputo has managed to regain its historic role as an important entrepôt for South African trade.
The ports of Mozambique, Angola and São Tomé and Principe will be linked to the Chinese "´Belt and Road" initiative, which will have a "central hub" in East Africa, wrote researcher Paul Nantulya.
(PT) Asian players in the energy sector have gained a substantial foothold in Mozambique´s liquefied natural gas (LNG) projects, but they have been less active in Angola´s oil sector. They are, however, expected to be active in Angola´s new oil exploration licensing rounds, to be launched in the coming months.
Credit and other institutions legally authorised to receive deposits in Mozambique have until 31 July to adopt new information rules decided by the country's central bank.
Angola’s President João Lourenço has put reinvigorating the agriculture sector at the heart of his economic strategy. Greater production of a wider range of crops would both reduce the US$3 billion a year that the country spends on food imports and also improve living standards in the rural areas that have missed out on more rapid economic development at the coast.
The increase in the power production capacity of the Laúca and Capanda dams will create conditions for the improvement of economic activity in Angola, according to Banco de Fomento Angola.
Carlos Marreiros’ architecture firm has been selected to design the new Macao Central Library. The inspiration came from bookshelves and drawers of file archives; the goal is to create a simple and serene piece: “It’s an important project and also a pleasure to contribute with such a building to my hometown.”
The 2019 edition of the Macau International Environmental Cooperation Forum (MIECF) will benefit from Portuguese experience in environmental and green taxation, gathered during an exchange visit from the Pan Pearl River Delta region to Portugal.
Visitor numbers to Cabo Verde are continuing to grow year-on-year but there are fears that the focus on all-inclusive hotels restricts the development of local restaurants, cafes and other tourist sector businesses.
Angola, under the leadership of President João Lourenço, has been forging "new alliances," notably with Japan, but continues to prioritise ties with China and the Portuguese-speaking countries, the Economist Intelligence Unit (EIU) said.
The Portuguese-speaking countries (PSCs) will play a key role in the future of Macau outlined in the Greater Bay Area (GBA) Plan of the Central Government of China.
The European Commission and China are cooperating in the creation of transport platforms and corridors, within the scope of the Belt and Road initiative, in which Portugal intends to participate, and of European relationship projects.
For the city of Zhaoqing, inclusion in the Greater Bay Area (GBA) Initiative promises the opportunity to catch up with other cities in Guangdong that developed faster during the reform area.
Mozambique has exceeded expectations in terms of global connectivity, according to the latest ranking by multinational DHL, in which Timor-Leste was the only Portuguese-speaking country included to increase competitiveness compared with the previous year.
The government of Portugal has announced that it will proceed with plans for a space port on the island of Santa Maria in the Azores. Named the Atlantic International Satellite Launch Programme (AISLP), it will be used to launch small satellites into space, as Lisbon attempts to make use of its geographical advantages to host the project.
The 40th anniversary of the establishment of diplomatic relations between Portugal and the People's Republic of China on 8 February brought key players together in Lisbon at a time of "fast track" two-way relations, according to China's ambassador to Portugal.
The African Development Bank (AfDB) recommends coastal African countries, including Portuguese-speaking countries, to expand port infrastructure as a means of improving integration on the continent.
Sonangol, the national oil company of Angola, is close to sales of assets that should earn it billions of dollars and enable it to reduce its heavy debts and invest more in the oil sector, the engine of Angola’s economy.