6 July 2020
The International Finance Corporation (IFC), an arm of the World Bank, is lending the African subsidiary of Chinese manufacturer Keda Industrial Co. Ltd US$33.5 million to build a factory in Mozambique for making ceramic tiles, the parent company says. Keda Industrial told the Shanghai Stock Exchange in writing that the money is part of US$165 … Continue reading "Keda Industrial borrows US$33.5 mln for Mozambican factory"
29 June 2020
Official figures indicate that the value of Sino-Mozambican trade was US$204.4 million in the first quarter of this year, making China the third-biggest trading partner of Mozambique. A document published by the Mozambican National Statistics Institute says China was the source of 8.5 percent of Mozambican imports in the first quarter, or US$161.5 million worth, … Continue reading "China among top three Mozambican trading partners in 2020Q1"
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"
23 June 2020
Universidade Pedagógica in Maputo and Huawei Technologies Co. Ltd of China are setting up a Huawei Information and Communications Technology Academy at the university, Jornal de Notícias reports. The Mozambican newspaper says a videoconference attended by Dean Jorge Ferrão of Universidade Pedagógica and Wu Ku, the executive director of the Huawei subsidiary in Mozambique, was … Continue reading "Huawei helping Mozambican university set up ICT academy"
22 June 2020
The Chinese Defence Ministry is helping Mozambique counter the Covid-19 pandemic by giving the Maputo Military Hospital a shipment of medical paraphernalia, Lusa reports. The Portuguese news agency says the donation handed over on Wednesday includes 13 tonnes of protective gear such as gloves and masks, along with thermometers and 60 boxes of other equipment … Continue reading "China donates medical paraphernalia to Maputo hospital"
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"
11 June 2020
Representatives of the Mozambican and Chinese authorities have begun talks on financing the resumption of work on the Moamba Major Dam in southern Mozambique, Jornal Notícias reports, quoting Mozambican Public Works, Housing and Water Resources Minister João Machatine. The negotiations between the Mozambican Ministry of the Economy and Finance, and the state-owned Export–Import Bank of … Continue reading "Mozambique, China discussing money to restart work on dam"
11 June 2020
In order to demonstrate Macao’s advantages as the Sino-Portuguese financial service platform and boost industry-academia development in higher education, on 10 June 2020, the Macao Polytechnic Institute (MPI) and The Macau Association of Banks (ABM) signed the Cooperation Protocol on the ‘Chinese-Portuguese/Portuguese-Chinese Official Document Translation System’ and the Protocol on ‘The Macau Association of Banks … Continue reading "Macao Polytechnic Institute and The Macau Association of Banks Sign Protocol on Machine Translation System for ‘Finance + Technology’ Development"
10 June 2020
The opening last October of a fishing port built with Chinese money in the central Mozambican city of Beira has improved business there for fishing enterprises big and small, and benefited the community at large, Jornal Notícias reports, citing the Secretary of State of the surrounding province of Sofala, Stella Zeca. The fishing port is … Continue reading "Chinese-funded port a boon to Mozambican fishing industry"
9 June 2020
China was the biggest single source of money borrowed by Mozambique at the end of 2018, accounting for about US$2.1 billion or 39 percent of Mozambican public-sector external debt, O País reports. The Mozambican newspaper, citing a Mozambican government document, says Mozambican public-sector debt amounted to US$12.1 billion at the end of 2018, or 11 … Continue reading "China the biggest lender to Mozambique at end-2018"
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"
1 June 2020
Samsung Heavy Industries has installed the first module, the power generation one, on the natural gas production vessel it is building at its shipyards in South Korea for the Coral Floating Liquefied Natural Gas SA consortium, Carta reports. The Mozambican newspaper, citing a written announcement by Coral Floating Liquefied Natural Gas, says the consortium expects … Continue reading "Construction of vessel for tapping Mozambican gas progresses"
26 May 2020
Chinese paediatricians and obstetricians have given their Mozambican counterparts instruction on treating children and pregnant women infected with the Covid-19 virus , and on saving them from becoming infected in the first place, Xinhua reports. The Chinese government-run news agency says that in a two-hour teleconference doctors at the Sichuan University of China West China … Continue reading "Chinese doctors teach Mozambicans how to tackle Covid-19"
22 May 2020
StarTimes of China has finished a project to bring digital television broadcasts via satellite to 20,000 households in 1,000 villages in the northern Mozambican province of Cabo Delgado, Xinhua reports. The Chinese government-run news agency quotes Mozambican Minister of Transport and Communication Janfar Abdulai as saying after inspecting the outcome that the project created about … Continue reading "StarTimes brings digital television to northern Mozambicans"
19 May 2020
A new reference document says economic engagement by China and the Portuguese-speaking world can help develop the Guangdong-Hong Kong-Macao Greater Bay Area, the People’s Daily reports. The Chinese Communist Party newspaper says the document is the Sino-Lusophone Economic and Trade Cooperation Blue Book, published jointly by the Chinese Academy of International Trade and Economic Cooperation, … Continue reading "Greater role for Macao in international engagement envisaged"
15 May 2020
The Export–Import Bank of China provided 7.8 billion meticais (about US$114.3 million) in 2018 for the construction or repair of roads and ports in Mozambique, O País reports. The Mozambican newspaper says the country’s 2018 General State Account shows 6.8 billion meticais went to Empresa de Desenvolvimento de Maputo Sul EP to pay for construction … Continue reading "Chinese bank finances Mozambican infrastructure"
8 May 2020
A spokesperson for China Molybdenum Co. Ltd says the mining firm is now shipping to China copper and cobalt it mines in the Democratic Republic of Congo through ports in Mozambique, Tanzania and Namibia, Reuters reports. The news agency says the company can no longer ship the output of its Tenke Fungurume copper and cobalt … Continue reading "China Molybdenum sending home copper, cobalt via Mozambique"
8 May 2020
In light of the global Covid-19 pandemic, the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao) has donated face masks and medical protective suits to eight member countries of the Forum to help them cope with the epidemic. On 4 May, the Permanent Secretariat, in partnership with … Continue reading "Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic"
29 April 2020
28 April 2020