Features

Natural gas to drive Angolan economy in 2012

21 November 2011

London, United Kingdom, 21 Nov- Economic growth in Angola will see a “significant push” in 2012, to close to two digits, due to the start of natural gas production, according to the Economist Intellig…

Angola and Mozambique at the top of world growth rankings for last decade

14 November 2011

Washington, United States, 14 Nov – Angola and Mozambique are amongst the biggest growing economies over the last decade but, whilst the Angolan economy has grown because of oil, the Mozambican econom…

Portuguese groups Visabeira and Amorim “import” banking experience from Angola to their partnership in Mozambique

7 November 2011

Lisbon, Portugal, 7 Nov – With an “imported” model of their experience with Angolan bank BIC, Portuguese groups Visabeira and Amorim are launching Banco Único, in Mozambique, which, together with the …

Mozambique may become a large African natural gas producer

31 October 2011

London, United Kingdom, 31 Oct – Mozambique may soon become one of the main producers of natural gas in Africa due to natural gas reserves found in the “Camarão” well, according to the Economist Intel…

Luanda’s new airport in Angola aims to rival Johannesburg airport

24 October 2011

Lisbon, Portugal, 24 Oct – Luanda’s new international airport is designed to rival Johannesburg airport, in South Africa, and will serve as a traffic distribution hub for the region, according to the …

Global crisis boosts importance of Angola’s relations with China and Brazil

17 October 2011

Lisbon, Portugal, 17 Oct – The global economic crisis is boosting the importance for Angola’s growth of closer ties with China and Brazil, as they have more dynamic economies that the United States or…

Access to foreign currency in Mozambique should continue to be “easy” despite new restrictions

10 October 2011

London, United Kingdom, 10 Oct – Access to foreign currency in Mozambique should continue to be easy in the future, as recently introduced restrictions are being applied in a “liberal” way, accordin…

Portuguese crisis opens up opportunities for companies from Angola and Brazil

4 October 2011

Lisbon, Portugal, 4 Oct – The economic crisis in Portugal is forcing the government to sell state stakes in some strategic companies, including its airline and energy companies, and companies from Ang…

Angola’s improved credit rating shows “confidence” in the economy

26 September 2011

London, United Kingdom, 26 Sept – The improved credit rating given to Angola by the three international ratings agencies, in all cases with a stable outlook, shows confidence in the country’s economy,…

New private investment law in Angola is more demanding for new investors

19 September 2011

Luanda, Angola, 19 Sept – The new law on private investment in Angola has made the process of investing in the country more demanding and prioritises projects that contribute more to the development o…

Coal reserves in Niassa province, Mozambique, may be as big as those in Tete

12 September 2011

London, United Kingdom, 12 Sept – Coal reserves in Niassa province, in northwest Mozambique, may be as big as those in the neighbouring province of Tete, which are considered to be the largest n the w…

Economic relations between Portugal and Angola are a “two-way street”

5 September 2011

Lisbon, Portugal, 5 Sept – The economic relations between Portugal and Angola are at a high and are increasingly a "two-way street,” with a greater number of exports and investments originating in Ang…

Construction and industry increase their weighting in Mozambican economy

29 August 2011

Lisbon, Portugal, 29 Aug – Mozambique will continue to grow at a rate above the average for sub-Saharan Africa over the next few years, with construction, cement production and mining increasing their…

Angola limits weight of the dollar in the economy to fight inflation

22 August 2011

London, United Kingdom, 22 Aug – Reducing the weight of the dollar on the economy and increasing the use of Angola’s currency, the kwanza, has become one of the main aims of the National Bank of Ango…

Angola moves ahead with new agricultural development strategy

16 August 2011

Lisbon, Portugal, 16 Aug - Angola plans to move ahead with a new agricultural development strategy, making use of its oil exploration resources, amongst others, to increase the contribution of the pri…

Mozambique should soon be a “substantial” exporter of natural gas

8 August 2011

London, United Kingdom, 8 Aug – Mozambique should soon become a “substantial” exporter of natural gas with the planned construction of an LNG terminal in the northern province of Cabo Delgado, the Eco…

China awakening to strategic value of East Timor

1 August 2011

Specialty media have recently reported that China “has sought to take better advantage of the strategic value” of East Timor, “especially bearing in mind the prevalent regional and international con…

New cooperation agreements highlight increasing closeness of Angola and China

25 July 2011

London, United Kingdom, 25 July – The latest cooperation agreements between Angola and China, signed at the end of May, show that the two countries having been growing closer and are increasingly econ…

Stability in Guinea Bissau allows re-launch of Buba and Boé projects

18 July 2011

Bissau, Guinea Bissau, 18 July – The climate of greater stability recently felt in guinea Bissau has given a new lease of life to the projects for the port of Buba and the Boé bauxite mine, promoted …

Angola reaps “immense rewards” from cooperation with China

11 July 2011

Lisbon, Portugal, 11 July – Angola is reaping “immense rewards” from its cooperation with China without having to give up its economic, political and cultural autonomy, according to the Portuguese Ins…

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