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
Cabo Verde’s new Commercial Code and Commercial Companies Code will come into force on 21 October, replacing colonial legislation that is over a century old and introducing new types of contracts.
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).
With Huawei already a key player in Cabo Verde’s IT sector, Macao-based tech company Bringbuys Web Technology is taking firm strides to establish itself in the archipelago, which has ambitious plans for e-governance. The Macao company’s own ambitions extend to other Portuguese-speaking countries, both in the region and beyond.
Air and maritime transports have long been identified as a major bottleneck for economic growth and development of Cabo Verde. Flying to Lisbon, Portugal, is often cheaper than flying between islands, and moving goods internally is also expensive for local companies. A revamp of air and maritime transports, a priority for the local Government, is finally taking form, but with mixed prospects.
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).
Visitor numbers to Cabo Verde are continuing to grow year-on-year but there are fears that the focus on all-inclusive hotels restricts the development of local restaurants, cafes and other tourist sector businesses.
The Portuguese-speaking countries (PSCs) will play a key role in the future of Macau outlined in the Greater Bay Area (GBA) Plan of the Central Government of China.
Mozambique has exceeded expectations in terms of global connectivity, according to the latest ranking by multinational DHL, in which Timor-Leste was the only Portuguese-speaking country included to increase competitiveness compared with the previous year.
The African Development Bank (AfDB) recommends coastal African countries, including Portuguese-speaking countries, to expand port infrastructure as a means of improving integration on the continent.
An investment of 32.7 million euros, currently in the process of completion, has made Praia International Airport in the capital of Cabo Verde (Cape Verde) one of the most modern in the region, according to the African Development Bank (ADB), which is financing the work.
The World Bank has revised its economic growth forecasts for Angola, Cabo Verde (Cape Verde) and Mozambique in 2019 and 2020 upwards, unlike Guinea-Bissau.
China and the Portuguese-speaking countries were linked in 2018 by a number of new ventures, and the process of getting closer continues in the new year under the New Silk Road.
Cabo Verde (Cape Verde) is in the top three countries in sub-Saharan Africa with the highest quality public policies and institutions, according to a list drawn up by the International Development Association (IDA) of the World Bank Group.
Brazil, Mozambique and Cabo Verde (Cape Verde) have fallen back a few places in the latest edition of the Global Competitiveness Index of the World Economic Forum, in which Angola is in the lowest position among Portuguese-speaking countries.
Economic relations with Africa have been losing importance for Brazil’s governments, which ignore the continent’s potential, unlike China and other emerging economies, according to the Brazil-Africa Institute.
Macau’s Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank’s chief executive told the Tribuna de Macau newspaper.
Since China became Africa’s largest trading partner in 2009, trade has continued to flourish, aided by cooperative frameworks put in place by the Chinese government and its African counterparts. The momentum is expected to build over the medium term, and the Beijing Summit of the Forum on China-Africa Co-operation in September is likely to help ensure that these increasingly close economic ties become even closer.