9 July 2020
China imported crude oil at the rate of 11.93 million barrels per day last month, 25.4 percent faster than a year earlier and the fastest rate in any month on record, the OilX Research website says. OilX Research says the rate last month was 7.4 percent faster than in May as the economy in China … Continue reading "Brazil, Angola take bigger share of Chinese oil market"
9 July 2020
Trading in the stock of Pensana Rare Earths Plc of Australia, which owns the rights to mine rare earths in the central Angolan municipality of Longonjo, has begun at the London Stock Exchange, the company says. Pensana issued a written announcement saying its entire issued share capital is up for trading. The Pensana prospectus says … Continue reading "Prospective seller of rare earths to China listed in London"
8 July 2020
President João Lourenço of Angola has opened new facilities for the Angolan Geological Institute, built by Chinese state-owned CITIC Construction Co. Ltd, Lusa reports. The Portuguese news agency quotes Mr Lourenço as saying the institute will help explore for all sorts of mineral resources, and not just oil, natural gas and diamonds. Mr Lourenço said … Continue reading "Angolan Geological Institute gets new Chinese-built home"
6 July 2020
Work on important transport infrastructure projects in Angola, some overseen by Chinese companies, will resume after an interruption due to the Covid-19 pandemic, Lusa reports, quoting the Angolan Ministry of Transport. The Portuguese news agency, citing a document issued by the ministry, says the government has given priority to 13 projects, among them projects to … Continue reading "Chinese contractors to restart work on projects in Angola"
1 July 2020
An analyst for credit rating agency Moody’s Corp’s Global Financial Risk Unit thinks the Moody’s rating for Angola will be unimpaired by any debt relief China may be about give the country, Lusa reports. The Portuguese news agency quotes the analyst, Aurelien Mali, as saying on Sunday Chinese financial aid to Angola is a matter … Continue reading "Analyst shrugs off effect of easing of Angolan debt to China"
29 June 2020
A joint venture by Angolan state-owned miner of iron ore Ferrangol EP and Chinese-owned Sociedade Niobonga – Comércio Geral is due to begin this year mining niobium in Quilengues in the southwestern Angolan province of Huíla, Angop reports, quoting a local government official there, Adriano Pedro. The Angolan state-run news agency quotes Mr Pedro as … Continue reading "Chinese-owned company investing in Angolan niobium mine"
29 June 2020
An eight-month web promotion campaign on business opportunities in Portuguese-speaking countries, co-sponsored by the Macao Trade and Investment Promotion Institute and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries, will be launched next month. Starting from July till February 2021, the campaign will feature one Portuguese-speaking country … Continue reading "Web promotion of business opportunities in Portuguese-speaking countries to begin next month"
26 June 2020
Angolan Transport Minister Ricardo Viegas de Abreu has described the Caio deepwater port as the key to developing the northwestern Angolan province of Cabinda, Angop reports. The Angolan state-run news agency says construction of the first deepwater port in Angola and its passenger terminal began in 2018, 18 kilometres north of Cabinda city. The report … Continue reading "Minister says new port key to developing Angolan province"
23 June 2020
The Angolan government paid back this year the debt of 3.05 billion kwanzas (about US$5.09 million) it owed to Chinese state-owned contractor China Road and Bridge Corp. (CRBC), which it built up between 2013 and 2018, an official document shows. The Angolan Finance Ministry document indicates that CRBC accepted Angolan treasury bonds in settlement of … Continue reading "Angolan government repays US$5.09 mln debt to CRBC"
19 June 2020
The Angolan National Police have chosen Jetway X70s made by Chery Automobile Co. Ltd of China for use as patrol cars, the Chexun website reports. The Chinese automobile news website says the first Jetway X70s were handed over at police headquarters in Luanda last month, in a ceremony attended by Angolan National Police Commander-in-Chief Paulo … Continue reading "Angolan National Police adopting Cherys for patrol cars"
18 June 2020
The Webinars on International Cooperation Against Covid-19 series opened at 20:00 (Beijing time) on 16 June, and the Secretary-General of the Permanent Secretariat of Forum Macao and several other government officials of Macao joined the online seminar with officials and government representatives from other Portuguese-speaking countries via a video link. The webinar series are scheduled … Continue reading "Permanent Secretariat of Forum Macao takes part in Webinars on International Cooperation Against Covid-19 series"
18 June 2020
The Angolan authorities have begun using yesterday a new system for civil registration devised by China, Jornal de Angola reports, quoting the official in charge of the technical aspects, Fernando Fortes. The Angolan newspaper says the system will eventually give every Angolan a national identity card. The report quotes Mr Fortes as saying the authorities … Continue reading "Angola now using Chinese-devised civil registration system"
17 June 2020
The railway company serving the southwestern Angolan city of Moçâmedes hopes new, Chinese-built train sets will increase by half the number of seats available on its intercity passenger services, Angop reports, quoting the head of the company. The Angolan state-run news agency quotes Caminho de Ferro de Moçâmedes EP President Daniel Quipaxe as saying each … Continue reading "Angolan railway company has high hopes for CRRC train sets"
16 June 2020
Angolan President João Lourenço has signed a decree allowing his government to borrow S$910 million from a syndicate of banks, led by Standard Chartered Hong Kong, to improve the water supply in the country’s capital Luanda, Novo Jornal reports. The Angolan newspaper says the money will be spent on a pipeline 6 km long which … Continue reading "Angola borrowing US$910 mln to improve Luanda water supply"
15 June 2020
The Macau Association of Banks signed on Wednesday a cooperation protocol to let its members use the system developed by the Macao Polytechnic Institute (MPI) for automatically translating Chinese into Portuguese and vice-versa, MPI says. A written announcement by MPI quotes the head of the banking association, Ip Sio Kai, as saying the use of … Continue reading "Macao banks to use MPI automatic translation system"
9 June 2020
The last three of an order for 10 train sets for intercity passenger services in Angola, all built by Chinese state-owned China Railway Rolling Stock Corp. Ltd, will be delivered in a few weeks, Expansão reports, citing National Institute for Railways of Angola Director-General Ottoniel Manuel. The Angolan newspaper quotes Mr Manuel as saying the … Continue reading "Last batch of Chinese-built train sets due in Angola soon"
8 June 2020
Representatives of Angola are in touch with the authorities and financial institutions in China with a view to obtaining debt relief for their country, the Chinese Foreign Ministry spokesman, Zhao Lijian, has said. Mr Zhao told a press conference on Wednesday that China would take an active part in a programme the G20 has devised … Continue reading "China confirms that Angola asking for debt relief"
5 June 2020
Angolan state oil company Sonangol EP has sold eight of the 38 cargos of crude oil it means to export next month, five of them to Chinese state-owned Sinochem Corp., Argus Media reports. The compiler of commodities data says Sonangol usually allocates between seven and 10 cargos of oil each month to Chinese companies, including … Continue reading "Sinochem buying five shiploads of Angolan crude oil"
3 June 2020
Consulting firm Fitch Solutions reckons that Chinese builders have about 41 percent of the construction market in Angola, Lusa reports. The Portuguese news agency, citing a report by Fitch Solutions, says mainland Chinese companies have 31 percent of the important construction contracts in Angola, and that Hong Kong companies have 10 percent. The report says … Continue reading "Chinese have lion’s share of Angolan construction market"
1 June 2020
Trade in merchandise between China and Portuguese-speaking Countries reached US$31.968 billion in the period from January to March 2020. It represented a 5.13 percent decline year-on-year, according to data from China Customs. Portuguese-speaking Countries sold goods worth US$23.227 billion to China in the first three months of 2020 – a decline of 5.15 percent year-on-year. … Continue reading "Trade between China, Portuguese-speaking Countries tops US$31.97bln in January-March 2020"