Tag: China

27 April 2020

The project to extract rare-earth minerals in Angola is still underway, despite the current state of emergency, in order to ensure that the country will become a supplier in a market dominated by China and Australia.

7 April 2020

The economic crisis triggered by the Covid-19 pandemic is forcing a depreciation of the currencies of Angola and Mozambique, and thus making imported products more expensive, particularly from China, according to various market agents.

30 March 2020

São Tomé and Príncipe, Guinea-Bissau and Cabo Verde last week became the first Portuguese-speaking African Countries to receive aid from the Ali-Baba foundation, owned by Chinese billionaire Jack ma, to support efforts to fight the Covid-19 pandemic.

16 March 2020

The strategic partnerships that China has signed in recent decades, particularly with the majority of Portuguese-speaking countries, are a major factor to boost the Belt and Road initiative (BR), according to researchers, Yichao Li and Mário Barbosa Vicente.

13 March 2020

China has risen to become one of Mozambique´s most important trade partners. With the threat of the global economic impact the Covid-19 pandemic growing, The Bank of Mozambique (BdM) conducted an assessment of its potential damages to the country´s economy, and the prospects are worrisome. In its latest Economic and Inflation Outlook, BdM says “risks … Continue reading “Importance of trade with China exposes Mozambique to impact of Covid-19”

9 March 2020

The scenario for the acceleration of growth in the economy of Mozambique in 2020 now faces greater uncertainty due to the global economic slowdown, due to the Covid-19 epidemic, according to Mozambican bank Moza Banco.

6 March 2020

Guinea-Bissau has a new government, supported by a parliamentary majority, formed by the newly inaugurated president, Umaro Sissoco Embaló. Malam Sambu, the country’s long time ambassador to Beijing, is set to take over the key government folder of Fisheries.

2 March 2020

Public-private partnerships and “patience” were essential ingredients for the success of one of the most important agricultural projects involving partners from China in Mozambique, according to one of the project’s main managers, Lu Xinqing.

24 February 2020

The funding for the modernisation and expansion of the international airport of São Tomé and Príncipe will be provided by China under an agreement signed on Friday in São Tomé.

17 February 2020

The expansion of the Port of Sines, a facility that may become part of the Belt and Road initiative, has been awarded, and now the tender for the concession of the new Vasco da Gama Terminal is underway.

14 February 2020

Despite substantial reforms to attract investment, which have already reflected in an improvement in the global corruption perception index, the Angolan economy is still in negative territory. Heavy reliance on oil exports means Angola’s GDP is highly exposed to “contagion” from the effects of the coronavirus crisis in China.

10 February 2020

China continues to strengthen its position as the largest bilateral creditor of Mozambique and is expected to continue as such in the coming years, due to new credits being negotiated by the governments of the two countries, according to official figures.

31 January 2020

Chinese companies operating at all levels of the solar photovoltaic (PV) sector have clearly identified Brazil as a key market for overseas expansion. JinkoSolar and BYD are rapidly increasing their solar module manufacturing capacity in the country, while the latter has joined CGN as solar farm operators.

24 January 2020

The acquisition of one of Portugal’s biggest agricultural companies by Macao firm CESL Asia last year may yet be seen as a defining moment in the economic relationship between China, Portugal and our SAR.

17 January 2020

The new São Tomé deepwater port was to be the signature project of the reestablishment of relations between China and São Tomé and Príncipe. But the country’s debt level currently advises against the large-scale state-to-state financing initially forecast.

13 January 2020

Chinese financing on a large scale for the construction of infrastructure in exchange for natural resources, which became known as the “Angola Model” is now being developed into the “Ghana Model” according to researcher Eric Olander, founder of the “China Africa Project.”

6 January 2020

Angola and Cabo Verde are conducting projects to increase security in their main cities, using video surveillance, using Chinese technology and financing, with a view to improving conditions for activities such as tourism.

3 January 2020

Work has begun on building the new deepwater port of Tibar in Timor-Leste. China Harbor Engineering Company (CHEC) is developing the US$490 million project, which will be operated by French firm Bolloré. The scheme is huge in relation to the size of the Timorese economy and the volume of non-oil trade flows, so is it really needed, or will it actually drive economic growth?

10 December 2019

The implementation of the African Continental Free Trade Area (AfCFTA), which includes the Portuguese-Speaking countries, enhances the attractiveness of the continent for industrial investment from China, according to Jeremy Stevens, chief economist of the South African Standard Bank responsible for China.

18 November 2019

Chinese group Huawei will increase its support for StartUP Portugal, the public company responsible for boosting young technology-based companies, under a partnership agreement recently signed in Lisbon.