The United Nations Economic Commission and the African Development Bank are actively promoting the treaty establishing free trade in Africa, which has been signed by the Portuguese-speaking countries and already validated.
Last week the Angolan parliament approved a proposal for a review of the General State Budget (OGE) for 2019, which reflects a more adverse economic situation than initially expected, mainly due to the fall in oil prices.
Funding from China to African countries has provided mutual benefits, with Angola being an example of "transparency" in the granting of capital, said US researcher Deborah Bräutigam.
Could Macao become a destination for religious tourism? The city’s hallowed past may prove an important cog in its future development.
Value Added Tax (IVA in Portuguese) is due to come into force on 1 July in Angola, as part of a broad reform of the tax system, which includes a new consumer tax, according to the Legis-PALOP+TL legal database.
The government of Mozambique is battling to bring its debt under control. Public debt as a proportion of GDP reached 110.5% at the end of 2018, up from a low of 37.5% in 2011 thanks to long-running debt relief.
The government of Brazilian President Jair Bolsonaro wants to strengthen and expand trade ties between Brazil and China, which is the message that Vice President Hamilton Mourão will give to Chinese President Xi Jinping at a meeting scheduled for Friday, 24 May, in Beijing.
Relations between Macau and Portugal are excellent and our cooperation is also being strengthened in several areas, said the Chief Executive of Macau and the President of the Portuguese Republic at a meeting in Lisbon on Monday.
The Angolan government has introduced further changes to the organic statute of the Private Investment and Export Promotion Agency (Aipex), which is now responsible for registering investments but not for their approval.
Mozambique, Equatorial Guinea and Portugal were the most highlighted Portuguese-speaking countries most in the 2nd "Belt and Road" Forum for International Cooperation, during which new partners signed up to the global Chinese initiative.
Cheung Po Tsai – literally Cheung Po the Kid, like many an outlaw before and after him – packed a lot into his short life: 15 years as a commoner, 12 years as a pirate, and 12 years as a pirate catcher in the Qing navy. Traces of the 19th-century pirate can still be found today, in the landscape of Hong Kong and the stories told on screens big and small.
Equatorial Guinea may soon apply to join Forum Macau, said President Teodoro Obiang Nguema Mbasogo in an interview with the Africa Monitor newsletter in Malabo.
Issuing invoices for the purchase of goods or services have become mandatory for all taxpayers in Angola, a measure that aims to reduce the weight of the informal economy, alongside new rules of communication to the tax authorities.
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.