Features

Angola’s Sovereign Wealth Fund reduces economy’s exposure to oil and drives sustainability

29 October 2012

The creation of a sovereign wealth fund in Angola will help to reduce the Angolan economy’s exposure to variations in oil prices and establish conditions for sustainable growth, said credit rating age…

Coal and transport ensure annual 8 pct growth in Mozambique until 2017

22 October 2012

The Mozambican economy is expected to grow by 8 percent per year until 2017, bolstered by the coal sector and construction of new transport infrastructure, according to the Economist Intelligence Unit…

Inflation at all-time low in Angola makes it possible to reduce interest rates in 2013

15 October 2012

With the drop in inflation in Angola to less than 10 percent, which is an all-time low, interest rates may start falling at the beginning of 2013, according to the Economist Intelligence Unit. The ce…

Brazil and China expand cooperation in science and technology

8 October 2012

Brazil and China are to increase cooperation in the areas of science and technology, with a succession of public and private agreements that are being launched, ranging from nanotechnology and satelli…

Increased growth in Mozambique shows “robustness” of the economy

4 October 2012

Projections for economic growth in Mozambique continue to be revised upwards, both internally and externally, demonstrating, according to the Economist Intelligence Unit (EIU), the “robustness” of the…

Half of Brazil’s credit lines to Angola fund Odebrecht projects

24 September 2012

Half of the projects carried out in Angola as part of the US$3.2 million credit lines provided by the Brazilian government are being carried out by construction company Odebrecht, which has led to the…

Angola on verge of return to “mini golden age” in 2012

17 September 2012

Angola is this year expected to post economic growth close to the level seen in the post civil war period known as the “mini golden age,” despite an uncertain outlook, said the Centre for Scientific S…

Mining resources and infrastructure offer “enormous investment opportunities,” in Mozambique

10 September 2012

Exploration of mining resources in Mozambique, along with infrastructure development, offer “enormous investment opportunities,” to companies and will change the country’s economic panorama, according…

Chinese group Jinan Yuxiao takes advantage of increased mining activity in Mozambique

3 September 2012

Mozambique is witnessing an unprecedented increase in mining activities and Chinese group Jinan Yuxiao is one of the most active on the ground, seeking to take best advantage of existing opportunities…

Infrastructure investments of US$66.5 billion create opportunities in Brazil

27 August 2012

Brazil will in coming years be a focus of opportunities for companies involved in building and managing roads and railways due to a US$66.5 billion programme to modernise and expand the country’s infr…

Portuguese telecoms company Optimus and China’s Huawei boost partnership

20 August 2012

Portuguese telecommunications operator Optimus and Chinese group Huawei are set to boost their partnership, which began over seven years ago, with a new contract to supply latest generation telecommun…

Brazil gains importance as market for drugs made in China

13 August 2012

Brazil is “very rapidly” gaining importance as one of the main export markets for medication produced in China, as two-way relations increase and consumption of medication increases in the biggest cou…

Stability of Angola’s currency bolstered by doubling of foreign reserves

6 August 2012

The value of Angola’s currency, the kwanza, is expected to remain stable against the US dollar over the next two years following the recent doubling of Angola’s foreign reserves, which offer the centr…

Traffic to double at port of Maputo, in Mozambique, by 2018

30 July 2012

The port of Maputo, Mozambique’s largest, is seeing “strong growth in traffic,” which will more than double over the next six years, according to the Economist Intelligence Unit (EIU). According to t…

Mozambique has potential to be one of Southern Africa’s main tourist destinations

23 July 2012

Mozambique has the potential to be one of Southern Africa’s main tourist destinations and the country’s tourism revenues and number of visitors have been growing, but it is still far from fulfilling i…

Angola reaps fruits of economic diversification

16 July 2012

Angola is reaping the fruits of the diversification of its economy, which has historically been focused on oil, by increasing its tax revenues from the non-oil sector, according to the Economist Intel…

Mozambique “strategically placed” to supply Brazil, India, and China with raw materials

9 July 2012

Mozambique is “strategically well-placed” to become a supplier of raw materials to the most dynamic emerging markets, specifically Brazil, India, and China, all of which are countries that it is getti…

East Timor wants gas pipeline and plans to build supply base

2 July 2012

The East Timor government believes that the choice of the south coast of the country for the new gas pipeline running from the Greater Sunrise field, which it shares with Australia, will prevail. The…

Natural gas reserve discoveries continue in Mozambique

26 June 2012

Large new natural gas reserves continue to be discovered in Mozambique, attracting an increasing amount of international attention to the country’s energy sector and particularly to the Rovuma basin, …

Portugal wants to replicate “intense relationship” it has with Angola, in Mozambique

18 June 2012

Portugal is interested in repeating in Mozambique the model of “intense relations” it has with Angola, although it still has “a lot of work to do,” to achieve that aim, said Portuguese analyst Pedro S…

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