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Portugal

Four ministers seek in Tete investors for projects in Mozambique

5 June 2017
Four Mozambican ministers are taking part on Thursday in the Tete Infrastructure Forum, whose main objective is to attract investors and/or financiers to projects already identified by each of the four ministries, said on Friday in Maputo the spokesperson for the forum, Odete Simeão.

Azorean and Cabo Verde archipelagos linked by air

5 June 2017
The islands of the Azores and Cabo Verde (Cape Verde) archipelagos began on Saturday to be linked by air with the first Azores Airlines flight, of Azorean group SATA, "and the company is interested in a partnership with Transportes Aéreos de Cabo Verde.

ENI Group launches natural gas exploration project in Mozambique

2 June 2017
Italian group ENI formally launched the Coral Sul natural gas exploration project in Maputo on Thursday, as well as signing of all contracts, namely those relating to the construction and setting up of the production platform, the group said in a statement issued in Milan.

Fund for cooperation between China and Portuguese-speaking countries now has headquarters in Macau

2 June 2017
The Fund for Development Cooperation between China and the Portuguese-speaking Countries, which has been based in Macau since Thursday, is analysing 20 projects submitted by entrepreneurs in Portugal, Timor-Leste (East timor) and Brazil who are seeking financing for their implementation.

Macau meeting strengthens China’s business relations with Portuguese-speaking countries

1 June 2017
Chinese state-owned enterprises operating in Portuguese-speaking countries reaffirmed their interest in continuing to invest in those countries, using Macau as a platform for access and cooperation.

Bank of Mozambique pension fund is the new main shareholder of Moza bank

1 June 2017
The Management Company of the Workers' Pension Fund of the Bank of Mozambique (Kuhanha) was the entity selected to proceed with the capitalisation of the Moza bank, becoming the largest shareholder with an 80% stake, the Bank of Mozambique said in a statement on Wednesday.

Luanda International Fair 2017 runs from 26 to 30 July

1 June 2017
This year's edition of the Luanda International Fair (Filda) will be held from 26 to 30 July and will be attended by more than 200 national and foreign exhibitors, the president of the Eventos Arena group announced on Wednesday in the Angolan capital.

Galp Energia Group finances solar energy projects in Mozambique

31 May 2017
Portuguese oil group Galp Energia will donate US$674,000 to Mozambique to finance solar energy projects to light primary schools and health facilities in rural areas of four provinces under an agreement signed on Tuesday in Maputo.

Macau Foundation announces “Belt and Road” scholarships

29 May 2017
Students from Macau and from Guangdong and Fujian provinces who are interested in a "Belt and Road" scholarship and who meet the eligibility requirements must apply from 29 May to 12 June, the Macau Foundation said.

Portuguese-speaking countries seek partners and investments in Macau

26 May 2017
Representatives from the eight Portuguese-speaking member countries of Forum Macau will travel to Macau in search of Chinese partners and investments at the International Forum on Investment and Infrastructure Construction (IICF), on 1 and 2 June.

Angolan mill will reduce imports of wheat flour

25 May 2017
Angolan milling unit Grandes Moagens de Angola (GMA), to be inaugurated on Friday, 26 May, has the capacity to supply 60% of the wheat flour imported by Angola in 2016, estimated at 500,000 tonnes, said the Minister of Industry, Bernarda da Silva.

Novo Banco concludes the sale of 75% of its Macau branch

25 May 2017
Novo Banco, the bank that inherited the "quality" assets considered of bankrupt Banco Espírito Santo, has completed the process of selling 75% of Novo Banco Asia to Well Link Group Holdings Limited, of Hong Kong, the bank said in a market filing.

Headquarters of the Chinese-Portuguese-Speaking Cooperation and Development Fund in Macau inaugurated on 1 June

22 May 2017
The Macau Special Administrative Region (MSAR) Secretary for Economic Affairs and Finance announced on Friday that the inauguration ceremony of the China-Portuguese-Speaking Cooperation and Development Fund in Macau will take place on 1 June.

Chinese citizens invest 1.9 bln in Portugal under “golden visa” scheme

22 May 2017
Citizens of China have invested 1.9 billion euros in Portugal since October 2012 under the Residential Authorisation for Investment Activity (ARI) scheme, also known as the Golden Visa scheme, according to official figures from the Foreigners and Borders Service (SEF).

Ninety companies produce 900 products “Made in Angola”

22 May 2017
Nearly 900 products from 91 micro, small and medium-sized companies currently brandish the "Made in Angola" seal, a government project launched about five years ago to encourage consumption of Angolan products, according to official figures for May.

Government of Portugal facilitates granting of golden visas for business investment

19 May 2017
The Portuguese government has reduced the minimum amount of investment in small and medium-sized companies required to grant a residence permit to foreigners under the golden visas programme, the minister for Internal Administration said on Thursday in Lisbon.

Trade between China and Portuguese-speaking countries grows 43% in Q1

17 May 2017
Trade between China and Portuguese-speaking countries reached US$23.97 billion in the first quarter of the year, an increase of 43.33% compared to US$ 16.72 billion in the same period of 2-16, according to figures from Forum Macau.

Mozambican government approves exploration model for natural gas block

17 May 2017
The Mozambican government has approved the proposal to build a floating platform for the exploration of natural gas in the Rovuma basin, Area 4, Cabo Delgado province, the Council of Ministers spokesman said on Tuesday in Maputo.

Barclays and Société General banks interested in buying Mozambican bank Moza

12 May 2017
South African banking group Barclays Africa and France's Société Générale are two of the main players interested in buying a majority stake in the Moza bank, which is currently subject to Bank of Mozambique intervention, the Africa Monitor Intelligence (AMI) newsletter reported.

Chinese group Fosun taking stake in Banco Comercial Português improves shareholder stability

11 May 2017
The entry of the Chinese group Fosun into the capital of Portuguese bank Banco Comercial Português (BCP) improves shareholder stability, opening the bank up to new businesses and markets, the BCP chief executive said on Wednesday.
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