Portugal

Chinese companies build water retention dams in Angola

16 October 2019

The construction of retention dams, water catchment systems and waterways in Angola's Cunene province will begin in the next few days, the Angolan president said on Tuesday in Luanda.

Foreign businesspeople invest in Luanda/Bengo Special Economic Zone, Angola

15 October 2019

Businesspeople from India, South Korea, the United Arab Emirates and Eritrea are among foreign investors opening factories in the Luanda/Bengo Special Economic Zone, according to a source from the zone's development company.

Macau is committed to promoting cooperation between China and the Portuguese-speaking countries

14 October 2019

Macau is committed to building the Trade Cooperation Services Platform between China and the Portuguese-speaking Countries, a task it was given by the central government, the Secretary for Economy and Finance said recently in Lisbon, Portugal.

JFT consortium builds onshore facilities for a natural gas project in Mozambique

10 October 2019

The JFT consortium will draw up the Engineering, Procurement and Construction (EPC) project for the first phase of the Rovuma LNG Liquefied Onshore Natural Gas facility under a contract signed on Tuesday in Maputo with Mozambique Rovuma Venture (MRV), the operator of the Area 4 block.

Portugal’s Mota-Engil Group awarded contracts in Angola and Mozambique

10 October 2019

Portuguese construction group Mota-Engil has strengthened its African portfolio by 250 million euros with the construction of a dam in Angola, a project awarded for 160 million euros and works at a mine in Moatize, Tete province, Mozambique, for 90 million euros, the group said in a market statement.

Mozambican airline negotiates daily direct flights with Portugal’s TAP

10 October 2019

Mozambique's flagship air carrier Linhas Aéreas de Moçambique (LAM) is negotiating with TAP - Air Portugal for a partnership that initially allows for daily flights between the two countries, said the director-general of the Mozambican airline in Lisbon.

Macau extends export credit insurance to all Portuguese-speaking countries

9 October 2019

An export credit insurance system to provide additional support to reduce the risk of trade with Portuguese-speaking countries was officially launched in Macau to support the construction of the Commercial and Trade Cooperation Service Platform between China and Portuguese-speaking Countries, the Monetary Authority of Macau (AMCM) said.

Companies from China and Portuguese-speaking countries meet at summit in Macau

9 October 2019

On 16 October, Macau will host the Summit on the Construction of the China-Portuguese-Speaking Trade Cooperation Services Platform, supported by the 2019 China Central Public Enterprises, the Macau Institute for Trade and Investment Promotion (IPIM) said in a statement.

Area 4 natural gas project has conditions to move forward, says President of Mozambique

9 October 2019

Mozambique Rovuma Venture's final investment pre-decision announcement means that the Rovuma Basin Area 4 block's natural gas project is in a position to move forward to the next stages of construction, development, production and marketing, the President of Mozambique said on Tuesday in Maputo.

Mozambican Airlines resumes flights to Portugal in March 2020

8 October 2019

From March 2020, the Linhas Aéreas de Moçambique (LAM) airline will resume its connection between Maputo and Lisbon with three weekly flights, which will be carried out in partnership with the Hi Fly airline. The announcement was made on Monday in Lisbon, Portugal, by the managing director of the carrier.

Mozambican president announces initial investment decision for Rovuma LNG project

8 October 2019

The Government of Mozambique and the Mozambique Rovuma Venture consortium on Tuesday in Maputo, announced the Initial Investment Decision for the Rovuma LNG project in the northern province of Cabo Delgado, according to a statement from the Ministry of Mineral Resources and Energy released on Sunday.

Macau group formalises acquisition of Portuguese group Monte do Pasto

4 October 2019

CESL Asia - Investimentos e Serviços, Limited, through its wholly-owned subsidiaries Focus Platform and Focus Agriculture, in Lisbon formalised the acquisition of the Monte do Pasto Group, located in the municipalities of Cuba and Alvito, in the Alentejo region of Portugal, the group said in a statement.

2019PLPEX to showcase cooperation between China and the Portuguese-speaking countries

30 September 2019

The Exhibition of Products and Services of Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) will feature an exhibition area for the work on the cooperation platform between China and the Portuguese-speaking countries, according to a decision approved in 2018, said the Macau Trade and Investment Promotion Institute.

Portuguese group Caixa Geral de Depósitos may start selling bank holding in Cabo Verde

30 September 2019

Portuguese state-owned financial group Caixa Geral de Depósitos (CGD) may start the process of selling its 59% stake in Banco Comercial do Atlântico, in Cabo Verde, according to a decree published in state gazette Diário da República that came into force on Saturday.

Traditional Chinese Medicine under discussion in Macau

26 September 2019

The Macau Government Secretary for Economy and Finance stated that the industrialisation and international development of traditional Chinese medicine (TCM) are highly valued by the government and promote the diversification of the local economy.

Portugal will move ahead with free movement even without unanimity of the Community of Portuguese-speaking Countries

26 September 2019

Portugal plans to move towards bilateral free movement agreements with States in the Community of Portuguese-Speaking Countries (CPLP) if there is no unanimity within the organization, the secretary-general of the Socialist Party (PS) and prime minister of Portugal said on Wednesday in Lisbon.

EuroAtlantic airways reaches agreement with São Tomé and Príncipe government

26 September 2019

EuroAtlantic airways has reached an agreement with the São Tomé and Príncipe government to sell its stake in STP Airways, also stepping away from ts management by October, said the founder and chairman of the board of the Portuguese airline.

Mozambican government plans to create Special Economic Zone in former Textáfrica neighbourhood

25 September 2019

The neighbourhood of former cotton factory Soalpo, later called Textáfrica, in Chimoio, the provincial capital of Manica, will be transformed into a Special Economic Zone, the Mozambican Prime Minister announced during a meeting with former workers of the textile factory that has been at a standstill for over 20 years.

Forum Macau promotes agricultural cooperation with Portuguese-speaking countries in Jiangsu

25 September 2019

The promotion of agricultural cooperation between Jiangsu Province and the Portuguese-speaking countries was the focus of a study visit to that province by the Permanent Secretariat of Forum Macau, the institution said in a statement.

Cabo Verde’s net international reserves totalled 623 million euros on 30 August

25 September 2019

Cabo Verde's net international reserves amounted to 623 million euros, of which 68% in euros and 32% in dollars, as at 30 August 2019, the Bank of Cabo Verde (BCV) said in a statement issued on Tuesday in Praia.

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