Portugal

Information technology increases tax revenue in Angola

28 September 2018

The introduction of information technology in the Angolan tax system has allowed non-oil tax revenue to increase by 18% in the first half to 898 billion kwanzas, the president of the General Tax Administration (AGT) said in Luanda.

Brazil’s competition regulator approves purchase of EDP group by China Three Gorges

26 September 2018

Brazil's Administrative Council for Economic Defence (CADE) has unreservedly approved the potential takeover of the EDP - Energias de Portugal group by state-owned China Three Gorges, according to a dispatch issued on Monday.

Trade between China and Portuguese-speaking countries grows 21.50% from January to July

20 September 2018

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

PLPEX 2018, in Macau, has a bigger area and more exhibitors

20 September 2018

The area dedicated to this year's edition of the Exhibition of Products and Services of Portuguese-speaking Countries (Macau), or PLPEX 2018, has been increased to 6,000 square metres, the Macau Trade and Investment Promotion Institute (IPIM) announced.

Portuguese investments are welcome in Angola, says João Lourenço

19 September 2018

Portuguese direct investments in Angola "are welcome," said on Tuesday in Luanda the Angolan President, who added that Portugal could play a leading role in the development of both countries.

Portugal increases export credit line to Angola

19 September 2018

Angola's export support facility will increase from 1 billion euros to 1.5 billion euros, Portuguese Prime Minister António Costa told a meeting with Portuguese businesspeople in Luanda, according to the Portuguese press.

Angola’s certified debt to Portuguese companies reaches US$105 million

19 September 2018

The certified debt of Angola's public entities to Portuguese companies is estimated at US$105 million and the non-certified debt is US$350 million, the Angolan Finance Minister said on Tuesday in Luanda.

Cahora Bassa hydroelectric plant in Mozambique invests €500 million in 10 years

18 September 2018

The Cahora Bassa Hydroelectric Plant (HCB) has a 10-year investment plan in the amount of 500 million euros, Vital Capex, to recover and modernise the company's electricity production system, said the company's chairman.

Bank of Cabo Verde awaits CGD’s request to sell a stake in a bank

18 September 2018

The Bank of Cabo Verde (Cape Verde) is waiting for Portuguese group Caixa Geral de Depósitos (CGD) to apply for authorisation to sell its stake in one of the two banks it controls in the archipelago, the governor of the central bank said on Monday in Praia.

Angola and Portugal put an end to double taxation

17 September 2018

Angola and Portugal are due this week to sign a convention to end double taxation between the two countries, as part of a two-day visit to Angola that the Portuguese prime minister is due to start on Monday, financial newspaper Jornal de Negócios reported last Friday.

India is the main destination of Mozambique’s exports in 2017

12 September 2018

India was the main destination for Mozambique's exports in 2017, with almost double the value of the country ranked second, South Africa, according to a yearbook published by the National Statistics Institute.

Angola closes embassy to the Community of Portuguese Speaking Countries

11 September 2018

The Angolan embassy to the Community of Portuguese Speaking Countries (CPLP) in Lisbon is one of eight diplomatic representations that the country plans to close by next November, the Angolan foreign minister said on Monday in Luanda.

Companies from Portuguese-speaking countries participate in a forum on traditional Chinese medicine

6 September 2018

Business leaders from Portuguese-speaking countries are among the 400 professionals participating in the 2018 Traditional Medicine International Cooperation Forum (Macau) on 20 and 21 September, the event's organisers said.

Banco Moza acquires the entire capital of Banco Terra de Moçambique

4 September 2018

Mozambican bank Moza, owned by the Bank of Moçambique Pension Fund (Kuhanha), has acquired the entire capital stock of Banco Terra, the bank said in a statement released on Monday in Maputo.

Portuguese bank sells the stake in Mozambican bank

3 September 2018

Montepio Holding, a subsidiary of Portugal's Caixa Económica Montepio Geral (CEMG), has agreed to sell the stake in Banco Terra de Moçambique to financial firm Arise, under a plan for the strategic redefinition of its international holdings, the company said.

Galp to invest US$150 million in the expansion of its service station network in Mozambique

31 August 2018

Portuguese oil company Galp Energia announced that it plans to double its presence in the Mozambique market in four years through an investment of US$150 million, the Portuguese press reported.

Capital Airlines suspends flights between China and Portugal in October

23 August 2018

China's Capital Airlines announced that it has suspended its direct flight between China and Portugal between 15 October and March 2019.

Government of Angola limits logging

23 August 2018

The maximum amount of charcoal licensed for the 2018 Angolan Forestry Campaign will be 34,250 tons in the natural forest and 7,500 tons in the planted forest, according to an order published by Portuguese news agency Lusa agency and cited by the Angolan press.

Chinese groups invest over US$5.7 billion in the Portuguese stock market

22 August 2018

Chinese investors have acquired over €5 billion's (US$5.76 billion) worth of shares in listed companies in Portugal, making them the largest group of foreign investors in the Portuguese stock exchange, Portuguese online newspaper Dinheiro Vivo reported.

Cabo Verde receives 383,000 tourists from January to June 2018

14 August 2018

Cabo Verde's (Cape Verde's) hotel establishments received 383,500 guests from January to June 2018, with more than 2.2 million overnight stays, an increase of 10% over those booked in the same period of 2017, according to the National Statistics Institute.

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