The biggest privatisation programme Angola has ever seen – and likely one of the largest in Africa – will begin this year, involving some of the country’s most important companies. Under the programme, which runs through 2022, the state will sell its stakes in dozens of companies in all sectors.
Most African countries, including the Portuguese-speaking ones, have been facilitating the entry of Chinese citizens in their respective territories, the aim being to increase investment and tourism, indicates a study by the Migration Policy Institute
Technical studies for the revamp of São Tomé International Airport, whose limitations make it one of the country’s bottlenecks, are almost complete. The most delicate part, financing, is still being worked out. Prospects are more complicated for another Chinese-built major infrastructure, the deepwater port.
The São Tomé Trade and Investment Promotion Agency (APCI) will follow up on potential deals that resulted from the meeting of entrepreneurs from China and Portuguese-speaking countries, said the director of the São Tomé and Príncipe agency.
Art has been around for at least 10,000 years. It has taken many forms, from paintings on cave walls to dead sheep suspended in formaldehyde. But, whatever the medium, age and location, one thing is for sure: you can tell a lot about a culture when you look at its art. As the late anthropologist Claude Lévi-Strauss said, objects matter.
The diversification of Macau’s economy centred on relations with Portuguese-speaking countries is essential if the territory is to find its place in the Greater Bay Area, said the chief executive of Banco Nacional Ultramarino (BNU).
Angola’s electricity production capacity, one of the critical factors for the country’s development, has been increasing thanks to support provided by China, according to the World Bank.
China is involved in eight port projects, which have either been completed or announced in Portuguese-speaking countries, as a construction company or through funding, according to a recent survey by the Center for Strategic International Studies (CSIS).
Last week the Angolan parliament approved a proposal for a review of the General State Budget (OGE) for 2019, which reflects a more adverse economic situation than initially expected, mainly due to the fall in oil prices.
Funding from China to African countries has provided mutual benefits, with Angola being an example of “transparency” in the granting of capital, said US researcher Deborah Bräutigam.
Value Added Tax (IVA in Portuguese) is due to come into force on 1 July in Angola, as part of a broad reform of the tax system, which includes a new consumer tax, according to the Legis-PALOP+TL legal database.
The Angolan government has introduced further changes to the organic statute of the Private Investment and Export Promotion Agency (Aipex), which is now responsible for registering investments but not for their approval.
Equatorial Guinea may soon apply to join Forum Macau, said President Teodoro Obiang Nguema Mbasogo in an interview with the Africa Monitor newsletter in Malabo.
Issuing invoices for the purchase of goods or services have become mandatory for all taxpayers in Angola, a measure that aims to reduce the weight of the informal economy, alongside new rules of communication to the tax authorities.
This year was expected to be one of economic recovery for Angola, but according to the latest government forecasts, 2019 will, in fact, be a year of marginal growth, at best.
The ports of Mozambique, Angola and São Tomé and Principe will be linked to the Chinese “´Belt and Road” initiative, which will have a “central hub” in East Africa, wrote researcher Paul Nantulya.
(PT) Asian players in the energy sector have gained a substantial foothold in Mozambique´s liquefied natural gas (LNG) projects, but they have been less active in Angola´s oil sector. They are, however, expected to be active in Angola´s new oil exploration licensing rounds, to be launched in the coming months.
Angola’s President João Lourenço has put reinvigorating the agriculture sector at the heart of his economic strategy. Greater production of a wider range of crops would both reduce the US$3 billion a year that the country spends on food imports and also improve living standards in the rural areas that have missed out on more rapid economic development at the coast.
The increase in the power production capacity of the Laúca and Capanda dams will create conditions for the improvement of economic activity in Angola, according to Banco de Fomento Angola.
Angola, under the leadership of President João Lourenço, has been forging “new alliances,” notably with Japan, but continues to prioritise ties with China and the Portuguese-speaking countries, the Economist Intelligence Unit (EIU) said.