Features

Angola: Production of oil, gas and metals “show strength”

11 June 2012

Production of oil, gas, and precious metals, including gold are “showing strength” in Angola, and the new Mining Code has encouraged multinational companies to invest, the Economist Intelligence Unit …

Guangzhou aims to be China’s culture capital by restoring its past glory

8 June 2012

Boosted by its success in hosting the Asian Games in 2010, the Guangzhou government has decided on a bold approach to revitalise the city’s historic legacy. It is a history that dates back 2200 years,…

Chinese “revenues” from building infrastructure in exchange for oil successfully applied in South America

4 June 2012

Chinese “revenues” from construction of infrastructure in exchange for resources such as oil, used in the last decade in Angola, are now being successfully applied in South American countries and adap…

Japanese brewer to make Macau Beer international brand

1 June 2012

This year, for the first time, people in Japan will be able to buy Macau Beer, the Special Administrative Region’s only local brand. The manufacturer is planning to export it to other markets too, inc…

Mozambique attracts investments totalling US$90 billion to energy and mining sectors

28 May 2012

Over the next few years Mozambique is set to receive estimated investments of US$90 billion for projects in the energy and mining sectors, which is seven times the current value of the country’s econo…

China leads by example in the cooperation with Angola

25 May 2012

Chi Xu Fah is an agricultural businessman. He has recently set up a business project in Angola. Like so many other businessmen, he aims to take advantage of the abundance of resources and the economic…

Brazil establishes itself as “major political and economic actor” in Angola and Mozambique

21 May 2012

Brazil is establishing its place as a “major political and economic actor,” in Angola, Mozambique and in other African countries, with its companies investing in the same sectors as important Chinese …

Portugal and China boost their position as Angola’s main trading partners

14 May 2012

Portugal and China are boosting their position as Angola's main trading partners, as a time of growing economic activity in Angola and of public and trade surpluses, according to Portugal’s BPI bank. …

Mozambican government extends jurisdiction over mergers and acquisitions of foreign companies

7 May 2012

The Mozambican government is extending its jurisdiction over mergers and acquisitions of foreign companies that own assets in the country, particularly in the mining sector, where these kinds of deals…

Rise in oil revenues drives increase in construction projects in Angola

2 May 2012

Construction projects in Angola are increasing to the benefit of large companies such as China’s SinoHydro, due to a rise in the country's oil revenues, according to the Economist Intelligence Unit (E…

Mozambique’s energy potential attracts large international groups

23 April 2012

Mozambique’s energy potential, shown by the recent discoveries of larges natural gas and coal reserves, are leading large international groups to consider investing in the country, according to inform…

Commercial agriculture gaining impetus in Mozambique

16 April 2012

Commercial agriculture is “gaining impetus” in Mozambique due to various large-scale private farming and livestock projects which are finally enabling the country to benefit from the potential of that…

Angola’s Sonangol eyes hospital business in Portugal

10 April 2012

The hospital business in Portugal is one of the targets of Angolan oil company Sonangol, at a time when the financial crisis in Portugal is attracting Angolan, Brazilian and Chinese investors to study…

Angola needs to invest US$20 billion in infrastructure to catch up with other developing countries

2 April 2012

Angola needs to invest US$20 billion in telecommunications, transport, energy, and water over the next decade in order to catch up with the level of infrastructure in other developing countries, accor…

Angola prepares for privatisation of railroads

26 March 2012

The Angolan government is to start merging the country's main railroad companies, the reconstruction of which using lines of credit from China is almost finished, with a view to selling part of them t…

Infrastructure deficit is a challenge for Mozambique’s economic development

19 March 2012

The continuation of the recent strong and sustained growth of the Mozambican economy will depend on overcoming the “deficit” of infrastructures such as ports, airports and railway lines, in order to t…

Angolan state oil company Sonangol on its way to securing control of Portuguese oil group Galp Energia

12 March 2012

Angolan state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol) is on its way to boosting its stake in Portuguese oil company Galp Energia, becoming the biggest shareholder and takin…

Angola to have 21st century power system within four years

5 March 2012

Angola’s power production and distribution capacity is set to increase over the next four years thanks to an investment of US$16.5 billion, which will be in line with a rise in industrial and resident…

China is Africa’s biggest trading partner and pledges to boost ties

27 February 2012

Macau, China, 27 Feb – In 2011 China became Africa’s biggest trading partner, with trade of US$160 billion, and will continue to boost ties with African countries, increasing trade, investment and coo…

Natural gas discoveries in Mozambique attract big investments

21 February 2012

London, United Kingdom, 20 Feb – Recent discoveries of natural gas in Mozambique are on a “world level” and boost the country’s potential as a large energy producer in Africa and attracting billions o…

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