Features

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…

Angolan pre-salt discoveries encourage oil companies and authorities

13 February 2012

Luanda, Angola, 13 Feb – The potential of Angola’s pre-salt layer, where two major discoveries have already been reported, is encouraging the government and oil companies operating in the country, as …

China State Grid and REN to set up partnerships in Mozambique, Angola and Brazil

6 February 2012

Lisbon, Portugal, 6 Feb - China State Grid becoming the largest shareholder in Portuguese power grid group Redes Energéticas Nacionais (REN) opens up the way for Portuguese-Chinese partnerships to dev…

Stake in Portugal’s REN opens up Mozambican market to China State Grid

30 January 2012

Lisbon, Portugal, 30 Jan - China State Grid is well-placed to become the biggest shareholder in Portuguese power grid group Redes Energéticas Nacionais (REN) and, via this route, to gain a stake in th…

Mozambique has a lot of available arable land despite “impressive” increase in cultivated area

26 January 2012

London, United Kingdom, 26 Jan – The amount of cultivated land in Mozambique has increased by 47 percent in the last decade, an "impressive" rate according to the Economist Intelligence Unit, but the …

China’s investments in Portugal open up the way for a special relationship

16 January 2012

Lisbon, Portugal, 16 Jan – China’s investments in the Portuguese energy sector are opening up the way for a special relationship between the two countries, which could even redesign the “strategic geo…

Galp Energia group at the top of the Angolan “shopping list” in Portugal

9 January 2012

London, United Kingdom, 9 Jan – The privatisation programme underway in Portugal offers “rich pickings” for Angolan companies interested in making acquisitions, and oil and gas company Galp Energia is…

China gains importance for Portugal, Brazil and Angola in tough economic times

3 January 2012

Macau, China, 3 Jan – Growing trade and a number of huge deals reveal the increasing importance of China to the economies of Portugal, Angola and Brazil, in the transition to a new year of global econ…

Three Gorges’ acquisition of EDP stake is an injection of capital and confidence in the Portuguese economy

27 December 2011

Lisbon, Portugal, 27 Dec – China Three Gorges Corporation (CTG) taking a stake in Portuguese power company EDP – an investment of 8.7 billion euros – is seen as an important injection of capital and c…

Angolan government introduces new tax codes in January

19 December 2011

London, United Kingdom, 19 Dec – The Angolan government is due to introduce new tax codes in January, which are the central focus of reform of the country’s tax system, with the aim of increasing stat…

Public investment and agriculture drive East Timor’s return to two-digit growth

12 December 2011

Dili, East Timor, 12 Dec – The East Timor economy will this year see a return to two-digit growth after a downturn in 2010 which, even so, was “robust”, according to the latest forecasts from the Worl…

Energy and mining companies hire all available qualified workers in Mozambique

5 December 2011

London, United Kingdom, 5 Dec – The rapid expansion of the activities of mining companies is "drying up" all of Mozambique's qualified workers leading the government to launch exceptional measures, in…

Industrial sector is main target of Chinese investment in Mozambique

28 November 2011

Maputo, Mozambique, 28 Nov – China’s presence in the Mozambican economy has been on the increase and the Mozambican industrial sector is the main target of investments according to an analysis by Moza…

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…

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