19 February 2016
The Senegalese subsidiary of Australian company Woodside Energy has acquired a stake in an oil exploration block in the joint development zone between Senegal and Guinea-Bissau, the company said in a statement the released Thursday. The statement said that the 65 percent stake acquired by subsidiary Woodside Energy (Senegal) resulted from a production sharing agreement signed with British company Impact Oil & Gas Ltd.
18 February 2016
11 February 2016
State-owned China CWZX Real Estate Development will support the modernisation of the agricultural sector in Guinea-Bissau under a recently signed agreement with the National Association of Guinea-Bissau Farmers (ANAG). The president of ANAG, Jaime Gomes, told Macauhub in Bissau that the agreement provides for the supply of tractors and training in maintenance and conservation of agricultural products.
5 February 2016
27 January 2016
26 January 2016
The President of the Republic of Guinea-Bissau, José Mário Vaz, is due Tuesday to take delivery of the new Palace of Justice building, built by a Chinese state company, from Chinese Ambassador Wang Huao, announced the Guinean Ministry of Public Works, Construction and Urbanism. The new building will house the Supreme Court of Justice and the Regional Bissau Courts of Auditors and Trade.
19 January 2016
18 January 2016
The technical secretariat that will prepare the meeting of businesspeople from China and the Community of Portuguese Speaking Countries (CPLP), taking place on 9 and 10 April next in Bissau, was sworn in Saturday at a ceremony held in the Guinean capital. The meeting aims to bring together the business communities of China, the Macau Special Administrative Region (MSAR) and the Portuguese-speaking countries for their representatives to discuss issues of mutual interest and establish business contacts.
15 January 2016
The economy of Guinea-Bissau grew by 5 percent in 2015 and current revenues amounted to 83 billion CFA francs (US$138 million), "the highest value ever", announced the Minister of Economy and Finance. Minister Geraldo Martins said in a lengthy letter to his ministry staff, released this week on Facebook that "2015 was a good year, despite the political turmoil."
11 January 2016
The Chinese ambassador in Guinea-Bissau, Wang Hua, reaffirmed the willingness of his country to continue this year to support the Guinean government in combating poverty and hunger, according to statements made Friday in Bissau. At the end of an audience granted by the Prime Minister of Guinea-Bissau, Carlos Correia, the ambassador said some measures had been defined in the framework of bilateral cooperation and gave assurances that such cooperation would be enhanced and extended in the coming years.
6 January 2016
5 January 2016
China's Fujian Shai Corp will invest over US$300 million in construction of a fishing complex and a luxurious five-star in Prabis, Guinea-Bissau according to statements made by the president of the Chinese company, Yang Ming. The place where the project will be built, 18 kilometres southwest of Bissau, was visited Sunday by a group of businesspeople and investors from China on visit to Guinea-Bissau.