Features

Mozambique’s economy sees rates of growth close to those of China

3 December 2012

The Mozambican economy continues to “expand at a rapid rate,” bucking the global trend and may soon become one of the most dynamic in the world, even outperforming rates of growth in China, according …

Banco Nacional Ultramarino rising to the challenges

30 November 2012

For over a hundred years, Macao’s Banco Nacional Ultramarino (BNU) has nurtured the Portuguese pataca (Macao´s legal tender), keeping pace with economic growth and meeting the challenges of a highly c…

Portugal and Brazil amongst countries that make biggest reforms to improve business climate

26 November 2012

Portugal and Brazil in 2011 stood out amongst Portuguese-speaking countries in terms of introducing the most reforms in order to improve their business climates, according to the Doing Business report…

Mozambique’s energy resources with a high potential

19 November 2012

Opportunities for exploring natural gas and other energy resources will continue to appear in Mozambique and the growing interest in energy seems to still “have a lot to give,” according to the Econom…

Half of Angola’s exports are sent to China

12 November 2012

Almost half of Angola’s exports are destined for China, whilst sales to other large trading partners, such as the United States and France, continue to lose ground, according to Portuguese bank BPI. …

Chinese project to link Bissau by motorway to other West African capitals

5 November 2012

Bissau, the capital of Guinea Bissau, will in future be linked by motorway to other West African capitals, as the result of a project launched by the Chinese government and by the Economic Community o…

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…

MACAUHUB FRENCH