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.
An investment of 32.7 million euros, currently in the process of completion, has made Praia International Airport in the capital of Cabo Verde (Cape Verde) one of the most modern in the region, according to the African Development Bank (ADB), which is financing the work.
Angola’s President João Lourenço has turned his attention to the port sector, both in an effort to assert his authority politically and also to improve the ports themselves. Angola has four main existing and planned ports running north to south: Caio in Cabinda, Luanda and the associated planned port of Barra do Dande, Lobito and Namibe, but Luanda is currently by far the most important. However, more capacity will be needed if the non-oil economy picks up as hoped, while mining export capacity is needed further south.
Angola has taken another step towards reforming the oil sector, the country's main source of revenue, with the creation of the National Oil and Gas Agency (ANPG), made official this month.
The World Bank has revised its economic growth forecasts for Angola, Cabo Verde (Cape Verde) and Mozambique in 2019 and 2020 upwards, unlike Guinea-Bissau.
The government of Mozambique has been involved in the last few weeks in intense negotiations with seven countries to secure funding for one of its largest natural gas projects and overcome scepticism about whether it will honour its debt commitments. The Rovuma Area 1, in the Rovuma Basin, involves an estimated investment of US$25 billion.
The extractive industry has been boosting Mozambique's economy and will increasingly do so with the start of natural gas exploration in 2023, but the country needs a broader growth model, according to the World Bank.
The Angolan government appears determined to reform oil company Sonangol in an effort to reverse the country’s declining oil fortunes. President João Lourenço has made it clear that he intends to overhaul the firm ever since he replaced Isabel dos Santos with Carlos Saturnino as chairperson of the parastatal.
