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Mozambiquehub

Meeting of entrepreneurs from China and Portuguese-speaking countries was positive for São Tomé and Príncipe

19 July 2019
The 14th Meeting of Entrepreneurs for Economic and Trade Cooperation between China and Portuguese-speaking Countries was positive, the director of the São Tomé and Príncipe Trade and Investment Promotion Agency (APCI) said on Thursday in São Tomé.

Economist Intelligence Unit forecasts a contraction of 2.2% for Mozambique’s economy in 2019

18 July 2019
Mozambique's Gross Domestic Product (GDP) is expected to contract by 2.2% this year, and return to modest growth of 2.7% in 2020, the Economist Intelligence Unit (EIU) projected in its latest country report.

IPO of the Cahora Bassa Hydroelectric plant to list 4.0% of the company on the stock market

18 July 2019
High demand has led the Cahora Bassa Hydroelectric (HCB) facility to increase the number of shares included in the Initial Public Offering (IPO) from 2.5% to 4.0%, said the chairman of the board of directors in Maputo on Wednesday.

Fidelidade insurance group negotiates investment reinsurance services in seven countries with China Reinsurance Corp

17 July 2019
Fidelidade has signed an agreement with China Reinsurance Corp to offer reinsurance to Chinese projects and investments abroad, the Portuguese insurer said in a statement released on Monday.

Mwiriti, Lda discovers large gold deposit in northern Mozambique

17 July 2019
Mozambique has at least one large gold deposit in the province of Cabo Delgado, said Azghar Faqhr, managing director of Mwiriti, Lda, a Mozambican company that owns a stake in Montepuez Ruby Mining.

Mozambique negotiates with Portuguese airline for LAM to return to Europe

17 July 2019
The Mozambican government is negotiating with a Portuguese airline for Linhas Aéreas de Moçambique (LAM) to return to European air space from the first quarter of 2020, the Mozambican Minister of Transport and Communications announced.

Macau’s plays an effective role in the expansion of economic and business relations between China and Portuguese-speaking countries

16 July 2019
The Macau Special Administrative Region (MSAR) has been effective in its role as a platform in the expansion of economic and business relations between China and Portuguese-speaking countries, according to officials of the Macau SAR and China.

Total group’s entry into natural gas project in Mozambique dependent on Anadarko shareholders meeting

16 July 2019
The shareholders of the Anadarko Petroleum Corporation are due on 8 August to make an announcement on the proposal to purchase the entire share capital by Occidental Petroleum Corporation and its subsidiary Baseball Merger Sub 1, Inc.

Islamic Development Bank donates funding for an electricity project in Mozambique

12 July 2019
The Islamic Development Bank will donate US$99.7 million to build a power transmission line between Temane and Maputo, southern Mozambique and a combined cycle plant, a source at the Ministry of Mineral Resources and Energy said.

Subscription to the IPO of the Cahora Bassa Hydroelectric Plant in Mozambique ends on Friday

12 July 2019
The subscription to the Initial Public Offering of 2.5% of the shares representing the capital of the Cahora Bassa hydroelectric plant (HCB) ends on Friday, according to the operation's official schedule.

Business meeting between China and Portuguese-speaking countries ends with the signing of six agreements and memoranda

11 July 2019
The meeting of businesspeople for economic and trade cooperation between China and Portuguese-speaking countries - São Tomé - 2019 ended with the signing of six agreements and memoranda, the Macau Trade and Investment Promotion Institute (IPIM) reported.

Maputo International Fair 2019, in Mozambique, has 15 countries confirmed to attend

11 July 2019
Fifteen countries have already confirmed their participation in this year's edition of the Maputo International Fair (FACIM), with organisers expecting to exceed numbers for 2018, according Mozambique's export and investment promotion agency Aipex.

Angola signs Lusophone Compact with Portugal and African Development Bank

11 July 2019
The governments of Angola and Portugal and the African Development Bank (ADB) on Wednesday in Luanda signed the so-called Compact for Financing the Development of Portuguese-Speaking Countries in Africa (Lusophone Compact), the Angolan press reported.

Bissau organises 2020 edition of the meeting of entrepreneurs from China and Portuguese-speaking countries

10 July 2019
Bissau was the city chosen to host the 2020 edition of the Entrepreneurs' Meeting for Economic and Trade Cooperation between China and Portuguese-speaking Countries, the Guinea-Bissau delegate at Forum Macau told Macauhub.

Chief Executive restates that Belt and Road is a strategic opportunity for Macau

10 July 2019
The Macau Chief Executive said on Tuesday that the construction of the Belt and Road is a strategic opportunity that allows the territory to keep pace with international development, integrate into national development and promote its own development.

Prime Minister of São Tomé and Príncipe calls for investment by Chinese companies

9 July 2019
São Tome's Prime Minister called on participants in the 14th business meeting between China and Portuguese-speaking countries to invest in the archipelago, "making it a strategic and benchmark platform in the Gulf of Guinea," according to local press reports.

Mozambique’s Banco Terra merges with Moza Banco

9 July 2019
Banco Terra de Moçambique (BTM) has merged with Moza Banco, following a resolution by the bank's shareholders, according to a statement released on Monday in Maputo.

Mozambique’s economy grows 2.5% in the first quarter of 2019

9 July 2019
Mozambique's Gross Domestic Product (GDP) recorded a positive variation of 2.5% in the first quarter of 2019, compared to the same period of 2018, the National Statistics Institute (INE) reported.

Macau businesspeople attend the China-Portuguese speaking countries business meeting

8 July 2019
A business delegation from Macau, made up of more than 30 people, will be in São Tomé and Príncipe until 13 July, where it will take part in the 14th Meeting of Entrepreneurs for Economic and Trade Cooperation between China and Portuguese Speaking Countries - São Tomé - 2019, according to an official.

Government of São Tomé and Príncipe plans to attract investment to develop the country

8 July 2019
The São Tomé and Príncipe government intends to raise investment for the country during a business meeting that starts on Monday, with the participation of at least 150 potential investors, said the director of the Promotion, Trade and Investment Agency (APCI).
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