Features

China rapidly becoming Mozambique’s main partner

13 June 2011

Maputo, Mozambique, 13 June – China is rapidly affirming its place as the main foreign power in Mozambique, replacing other traditional political and economic partners base on growing foreign trade, i…

Angola’s balance of trade surplus increases, with China as main customer

7 June 2011

Luanda, Angola, 7 June – Angola has boosted its balance of trade surpluses by reducing imports and increasing exports, and has China as its main customer, official Angolan statistics showed. Accordin…

Cement production in Mozambique to triple through Chinese investment

30 May 2011

London, United Kingdom, 30 May – Several cement factory projects are being launched in Mozambique, including three from Chinese companies, which will make it possible to triple cement production in th…

Hydroelectricity to become priority for public investment in Angola

23 May 2011

Luanda, Angola, 23 May – The Angolan government plans to make hydroelectricity a priority under the terms of its public investment programme for the next six years, in order to provide the country wit…

Angola prepares to privatise some large companies to boost business activities

16 May 2011

Luanda, Angola, 16 May – The Angolan government is preparing the partial privatization of some of the country’s largest companies, despite keeping their identity secret for now, Angolan magazine Exame…

Investors becoming interested in Angola’s natural gas

9 May 2011

London, United Kingdom, 9 May – Angola’s liquid natural gas (LNG), which is due to start being produced in the next few months, is raising the interest of international investors, who have several pro…

In a time of crisis China is increasingly an opportunity for Portuguese companies

3 May 2011

Lisbon, Portugal, 2 May – In the midst of an economic recession and the country’s fragile financial situation Portuguese companies increasingly see opportunities in China, but should be prepared for s…

Mozambique’s energy and agricultural potential fought over by new emerging economic powers

25 April 2011

Macau, China, 25 April – Mozambique’s potential for production of coal, biofuel and agricultural products is being fought over by the new emerging economic powers in search of natural resources on a g…

Diversification of Angola’s mining industry reduces dependence on diamonds

18 April 2011

Luanda, Angola, 18 April – The diversification of Angola’s mining industry, which has moved into mining metals and phosphates, is increasing the sector’s production levels and reducing dependence on d…

Investment in coal industry leads to economic boom in Tete province, Mozambique

11 April 2011

London, United Kingdom, 11 April – Investment in the coal industry in Tete province, northwest Mozambique, is leading to other investments in the region, particularly in transport and infrastructure, …

Investment in IT in Africa to rise 9.9 pct in 2011

4 April 2011

Johannesburg, South Africa, 4 April – Investment in Information Technologies in sub-Saharan Africa, including Portuguese-speaking African countries, is set to see growth of 9.9 percent this year and 1…

China Sonangol awarded stakes in four pre-salt layer oil blocks in Angola

28 March 2011

London, United Kingdom, 27 March – China Sonangol has been awarded stakes in four of the 11 pre-salt layer Angolan oil blocks recently licensed for exploration, which in total are expected to require …

Agricultural production expected to remain high in Portuguese-speaking world in 2011

21 March 2011

Macau, China, 21 March – Agricultural production is expected to remain high this year in the Portuguese-speaking world, after an exceptional year in 2010, in which Brazil posted record grain produc…

Acceleration of political and economic integration in Southern Africa makes region more attractive to foreign investors

14 March 2011

Johannesburg, South Africa, 14 March - The acceleration of the political and economic integration of the southern African Development Community (SADC), which includes Angola and Mozambique, makes the …

Boost to Angola’s budget and external accounts leads Moody’s to increase its rating

7 March 2011

London, United Kingdom, 7 March – The rise in the price of oil and what is considered to be “prudent” macroeconomic management have made it possible for Angola to make budgetary and external accounts …

Re-launch of rail corridors to have “enormous impact” on Angola’s economy – Economist

28 February 2011

London, United Kingdom, 28 Feb- The re-launch of Angola's rail corridors, which is underway between the coast and the interior of the continent, may have an "enormous impact" on the country’s econo…

Angola’s Sonangol negotiates direct stake in Portugal’s Galp Energia

21 February 2011

Lisbon, Portugal, 21 Feb – Angolan oil company Sonangol wants to own a direct stake in Portugal’s Galp Energia, rather than via Amorim Energia, but its strategic orientations do not currently inclu…

Angola’s non-oil sector drives growth above regional average

14 February 2011

Lisbon, Portugal, 14 Feb – The Angolan economy is expected to see growth of over the regional average this year, benefiting from the recovery of oil prices, but mainly due to a return to investment…

Dynamism of Mozambique’s agricultural sector provides above average economic growth for the region

7 February 2011

Macau, China, 7 Feb – The dynamism of economic activities in Mozambique is “transversal” across all sectors, with the agriculture sector standing out due to its contribution to above average economic …

Visit by “future leader of China” to Angola boosts bilateral relations

31 January 2011

London, United Kingdom, 31 Jan – The visit to Angola by Xi Jinping, China’s vice president and the man seen as the likely successor to the current president, boosted bilateral relations, whilst Luanda…

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