Angola’s budget deficit is expected to remain high in the coming years, with 7.3% of gross domestic product projected for this year, and then a downward trend to reach 6.1% of GDP by 2021, according to the latest report from the Economist Intelligence Unit (EIU).
Between 2000 and 2015, Angola was the second African country to which the Export-Import Bank of China (Exim) granted the most loans, totalling US$6.9 billion, according to analysts from the China-Africa Research Initiative, of US Johns Hopkins University.
Angola and Mozambique are among the 10 tourist destinations that are expected to record greater growth in demand for leisure travel in the next decade, according to the latest report on the competitiveness from the World Economic Forum.
The introduction in the coming months of a new customs tariff in Angola is feeding expectations among economic agents that replacing the current regime will be a stimulus to the country’s growth.
Continued low commodity prices have led countries such as Angola, Equatorial Guinea and Mozambique to place greater urgency on economic diversification, at a time when the industrialisation of Africa has the support of major international partners, especially China.
The two- or three-way relationship between China and the Portuguese-speaking countries will be in focus on 21 February, at an international conference due to be held in Lisbon where Macau’s role as a contact platform will be a central theme.
The isolationist trend in the foreign policy of the new US administration, particularly towards Africa, has led some analysts to predict that the Chinese “One Belt, One Road” strategy will take on an …
Portuguese-speaking countries should be the “stars” of economic growth in 2017 in Africa, a continent that is expected to see a slight recovery, according to the most recent economic forecasts from international institutions.
Angolan public finances remain under pressure, despite improvements in the oil market and the country’s economic diversification efforts, with funding from China to remain key source of funding, according to Angolan economist Alves da Rocha.
The analysis and dissemination of the opportunities offered by the official Chinese initiative of the New Silk Road for the Portuguese-speaking countries is the goal of a study group set up in Lisbon,…
Relations between China and the Portuguese-speaking countries were marked in 2016 by the 5th Ministerial Conference of Forum Macau, which reinforced the importance of the Special Administrative Region, the Chinese currency and industrial partnerships.
A presence in Africa is one of the main factors that has attracted Chinese investors to the privatisations of Portuguese companies in recent years, and investment is expected to continue, according to journalists Anabela Campos and Isabel Vicente.
With the new private investment law Angola has improved conditions to stimulate investment, which are necessary to diversify the economy, but should deepen reform and make better use of infrastructure such as the Lobito Corridor, said researcher Áurea Mouzinho.
Smaller, though also more diversified: small economies of the Portuguese language world such as Guinea-Bissau and Cabo Verde have better growth prospects in 2016 than larger ones such as Angola that are more dependent on commodities.
Millennium BCP and Novo Banco, two of the largest Portuguese banks and that have an important presence in Portuguese-speaking Africa may soon have Chinese financial companies among their shareholders, through operations that are animating the financial market.
The high level of the participants in the Forum Macau Ministerial ConferaThe high level of the participants in the Forum Macau Ministerial Conference 2016 is interpreted by analysts as a sign of the growing importance of the Portuguese language block in the international projection to which China is committed.ence 2016 is interpreted by analysts as a sign of the growing importance of the Portuguese language block in the international p…
The Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries that began on Tuesday in Macau, is the highest level of all previous conferences, which is a sign of the growing importance and complexity of this multilateral relationship.
The currency of China has been attracting African countries, especially after its inclusion among the benchmark currencies of the International Monetary Fund (IMF), with Angola considered one of the countries that will most benefit from its use.
The largest Special Economic Zone in Angola, the Luanda-Bengo SEZ (ZEELB), which was built with the support of China, will open most of its industrial units to private investment in an effort to rationalise resources and stimulate economic diversification.
Angola is one of only seven African countries where Chinese group Huawei has created training centres, which, according to researcher Benjamin Tsui are an opportunity for these countries to acquire knowledge in information technology.