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2010-07-26 China’s steelmakers to supply steel to Petrobras' naval transport company Angola may increase oil production in near future Angolan plastics company plans to build factory Mozambican airline LAM due to launch third weekly Maputo-Luanda flight in October Multinational company Vitol negotiates acquisition of Shell Cabo Verde Macau receives 12.2 million visitors in the first half Foreign investment in Mozambican tourism falls 40 percent between 2008 and 2009 Apex-Brasil wants to open business centre in Luanda, Angola Bank in East Timor gives Geocapital almost total presence in financial sector of Portuguese-speaking countries
2010-07-23 3rd Brazil-Portugal Business Mission and Meeting takes place in August Brazil’s Petrobras delays acquisition of stake in Portugal’s Galp Energia Angolan government to protect national industry Change of Mozambique’s status to middle income country to change way of obtaining loans Mozambican government orders geological survey from Chinese group Brazil’s Vale interested in phosphate mining in Nampula province, Mozambique Portuguese hotel group to invest in Angola in partnership with Angolans and Brazilians Portugal’s EDP and Angola’s Sonangol join forces to invest in Angola
2010-07-22 Tômbua-Landana oil project in Angola to reach peak production in 2011 Trade between Angola and Spain totals 936 million euros in 2009 Luso-Angolan project to provide financial training to Angolans South Africa’s 1Time announces flights between Johannesburg and Maputo starting in August World Trade Organisation to Mozambique’s industrial development Luanda railroad company in Angola starts goods transport between Luanda and Dondo Mozambique to grant more concessions for coal mining projects Brazil’s Vale to start mining coal in Mozambique this year
2010-07-21 Mozambican government increases area of Gorongosa National Park Mota-Engil to set up consortium to operate in Angola International Luanda Fair promotes Angola Angolan government announces payment of debts and stricter State Budget execution Brazil’s Embraer does US$1.3 billion deal with UK's low cost airline Flybe Australia’s Baobab Resources and Southern Iron set up partnership for project in Mozambique Future of rubber company Mabor de Moçambique to be announced in two days Mozambique may export 110 million tons of coal in 2020
2010-07-20 Germany and Spain send 51 companies to International Luanda Fair in 2010 Portuguese water company Águas de Portugal wins contract to provide technical assistance to Angola Project to regulate Exchange Rate Law in Mozambique taken to Council of Ministers in August Barclays Bank Moçambique receives injection of capital Brazil announces investment programme for ports and airports Kenya Airways to start flying to Luanda, Angola in August Angola’s largest import in 2009 was cement International coal conference brings together specialists in Mozambique
2010-07-19 Angola’s Benguela province has more than 50 companies in need of investment AngolaHub – a new economic information portal based in Macau Mozambique visited during World Cup by 50,000 more tourists than in June 2009 Downturn continues to affect Mozambican fishing sector China’s Gree Corp. to create company to develop tourism in Zhuhai Ornamental stone, wood and furniture are investment opportunities in Angola’s Huila province Mozambique to launch international public tender for Chibuto heavy sands project Governments of Mozambique and Botswana agree on construction of Techobanine deepwater port Medium and high-tech companies at the centre of China’s deeper approach to Brazil
2010-07-16 Moody's rating agency gives positive rating in its first report on Angola’s sovereign debt Angolan government wants more public-private partnerships in road network Angola to pay debt to Portuguese construction companies by November Trade between Portugal and Angola rises to 2.2 billion euros in 2009 East Timor to export coffee, hazelnuts, ginger and beans to Indonesia Construction of Sao Tome and Principe deep water port may begin this year Coal concession-holder in Mozambique opens office in Maputo Apex-Brasil takes 40 companies to Luanda International Fair
2010-07-15 Luanda railroad carries out experimental journey with cargo Project to rebuild bridge between Maputo and Catembe, Mozambique, moves one step ahead Brazil and Belgium to help Mozambique re-launch industrial sector Mozambican government to sell glass company Vidreira e Cristalaria de Moçambique to Mozambican businessman EU funds water supply and sanitation projects in Cape Verde Third Macau maritime terminal to be fully operational in the first half of 2013 Cape Verde and China enhance economic and business ties Chinese company to build new pier for port of Cabinda, Angola
2010-07-14 Bank of Portugal revises economy’s growth in 2010 upward Angola counts 27,000 processes to register brands and patents New bridge over Zambeze River in Mozambique to be built without cost to the state Luso-Mozambican consortium to pave road in Mozambique’s Cabo Delgado province Angolan government seeking to resume cotton cultivation in the country 27th Luanda International Fair to count more than 700 exhibitors Japan to finance re-launch of textile industry in Angola Mozambican government approves new Tourism Interest Zones
2010-07-13 Companies from Mozambique and Portugal join forces to expand Mozambican electricity network Brazil and Europe to work together in Portuguese-speaking African countries and East Timor Cape Verde’s 2010 census results to be presented in August Cape Verdean airline begins flying to Madrid, Spain Italy’s ENI discovers more oil in Angola Angola to post Africa’s third highest growth rate in 2010 Trade between China and Portuguese language countries up 83.29 percent from January to May Mozambique to maintain business participations only in key sectors
2010-07-12 Brazilian president, Lula da Silva says in Angola that Brazil wants to help tropical agriculture in Africa Mozambican exports rise 13 pct in 1st quarter Mozambique’s oil company Petromoc to build gas pipeline and ship terminal in Matola Government of Mozambique begins second inventory of State assets Governor of Nampula province, Mozambique, calls for investments from China Bank of Mozambique calls for banks to manage credit prudently Japan finances study to improve port of Nacala, Mozambique China’s Eximbank to loan more cash to Angola McKinsey consulting firm calls on business community to boost presence in Africa
2010-07-09 Government says navigability of Zambezi River in Mozambique needs to be ensured French development agency support private sector in Mozambique Mozambican government to create network of industrial parks and zones Tete province, Mozambique, due to start exporting goats to Europe Angola’s central bank to authorise housing and consumer loan institutions Macau government to build traditional Chinese medicine centre in Zhuhai Angola’s trade minister suggests creation of Chamber of Commerce with China Dredging of Mozambique’s port of Beira starts at end of July
2010-07-08 Petrobras tops ranking of Latin America’s 500 largest companies Eurostat raises forecast for Portugal’s GDP for the 1st quarter to 1.1 pct against previous quarter Mozambican banking system is present in 40 pct of the country Paris Club reduces Guinea Bissau’s debt Brazil’s Embraer sets up subsidiary in China Angola is country where it takes longest for a foreigner to set up a company Ten tons of precious stones to be sold at public auction in Mozambique Mozambican government to build new deep water port in Maputo
2010-07-07 Third mobile operator in Mozambique to be announced in 90 days Concession on new bridge over Zambezi River in Mozambique granted to Estradas do Zambeze Cape Verdean fuel company Enacol has 60 pct market share Brazil welcomes investment from China so long as rules are followed Angola’s Sonangol to explore oil in Venezuela European Commission maintains restrictions on airlines from Angola and Sao Tome and Principe Brazil’s Embraer sets up subsidiary in China Mozambican economy grows above projections in 1st quarter
2010-07-06 Port of Nacala in Mozambique to undergo repairs Luxembourg’s aid to Cape Verde to increase to 60 million euros Angolan air carrier ServisAir closes until “further notice” Number of automatic payment terminals almost triples in Angola in 2009 Pineapples produced in Mozambique’s Sofala province rot due to lack of buyers India’s investment in Mozambique may exceed US$1 billion in 2010 India finances rural electricity projects in Mozambique Mozambique requests US$130 million from China to rebuild road
2010-07-05 Switzerland’s Nestle to build factories in Angola, Mozambique and DR Congo Partnership between Angolan and Dutch companies invests in supporting Angola’s oil sector Mozambican cashew nut production to reach 127,000 tonnes within 5 years Brazil’s Vale and Australia’s Riversdale Mining agree on use of Beira port coal terminal TAP Air Portugal begins flying new route to Sao Paulo, Brazil Oil trade between Angola and China attracts investors to companies owning tankers Brazil’s Petrobras to support Cape Verde in ultra-deepwater oil and gas prospecting Mozambican business federation urges Chinese entrepreneurs to invest in country New initiatives strengthen Macau as ‘bridge’ between China and Portuguese language countries
2010-07-02 Brazil's MMX sends first shipment of iron ore to China Zambezi River, in Mozambique, may be used to transport coal from Moatize Foreign investment in Angola almost doubles between 2006 and 2008 Modernisation of container terminal at port of Luanda, Angola to benefit consumers Gaming and gambling revenues in Macau rise 66.9 pct in first half Mozambique’s prisons will no longer depend on funding from the State Budget Brazil’s trade surplus with China falls 40 pct in first half Chinese businesspeople from Yiwu, Zhejiang province take part in seminar in Maputo, Mozambique
2010-07-01 Road maintenance is one of Mozambican government’s greatest challenges Brazilian economy expected to post growth of 7.3 pct this year, best result since 1986 Curitiba to host 1st Business Opportunities in Mozambique Workshop in Brazil South African group to build drinks can factory in Angola Expo-Cunene 2010 to have 300 exhibitors from Angola and Southern Africa Macau’s exports fall and imports rise in first five months of 2010 Air link between Angola and Mozambique to start running three times a week Luanda/Ndalatando/Malanje railway, in Angola, to start operating again this year
2010-06-30 Development of hydroelectric projects is Mozambique’s priority in the energy sector Contract document for 3rd mobile operator in Mozambique acquired by 22 companies Angola’s foreign reserves see significant growth this year Modernisation of port of Luanda, Angola to cost over US$350 million China’s Chana Motors to enter touring vehicles market in Brazil Angola provides funding of US$6.9 million to Sao Tome and Principe in 2009 Trade between India and Angola expected to reach US$4 billion this year African Queen Mines to start gold prospecting in Tete, Mozambique
2010-06-29 Authorities in Zhuhai, China, begin real estate project on Hengqin Island Russia’s Alrosa sold stake in Angolan mining project Two aviation companies aim to begin flying in Angola Portuguese company to build three dams on Cape Verde’s Santiago Island Portugal to train Mozambican personnel in port management Brazilian president to ratify forgiving Cape Verde’s debt Angola to diversify exports to the USA Angola produced 1.88 million barrels of oil per day in May
2010-06-28 Angolan capital Luanda falls from world’s first to third most expensive city Angolan government lowers commercial banks’ mandatory reserves New wood transformation factories planned for Angola USA and Angola discuss trade relations in Luanda Next Export Home Angola fair may have 10-month exhibition Portuguese cheese producer to build factory in Angola’s Huila province China’s business potential via Macau relatively unexploited by Portuguese companies Bank of China in search of major clients in Brazil African products gain easy access to Chinese market
2010-06-25 Luanda Railroad in Angola, to start operating again in second half of July Angola may become fifth biggest economy in Africa in 2014 Participation of Angolan companies doubles in 2nd edition of ExportHome Angola fair Mozambican government plans to double irrigated agricultural area Sao Tome and Principe asks Nigeria to extend maturity of US$30 million loan Hong Kong stock exchange plans to list Brazilian companies Australia’s Riversdale Mining partners Chinese companies to mine for coal in Mozambique China was Angola’s main trading partner in first quarter
2010-06-24 Biocom project in Angola expected to start producing sugar at the end of 2011 Chinese investments in Angola essential for country’s reconstruction and development New fairs venue in Luanda, Angola to cover 340 hectares Cape Verde air carrier TACV to acquire two new aircraft Macau welcomes 10.3 million tourists in first five months of 2010 Portugal’s Amorim group to build factory in China Sweden to fund refurbishment of two hydroelectric facilities in Mozambique Brazil provides Angola with new US$1 billion credit
2010-06-23 Chinese and Portuguese-speaking businesspeople discuss business opportunities in Portugal Furniture and Decor Fair due to begin Thursday in Luanda, Angola Around 30 industrial projects to launch this year in Angola’s Huíla province Angolan President expected to secure credit line increase in Brazil Bond issue by Sal city hall, Cape Verde, totally subscribed Oil sector accounts for 55 percent of Angola's GDP Delegation of Chinese businesspeople to visit Mozambique in July Indonesian company to survey for oil and gas in Mozambique
2010-06-22 Former president of Mozambique, Joaquim Chissano, launches real estate project German bank KfW to provide funding to Limpopo National Park, Mozambique Germany hands over funds pledged to Mozambique Mozambican government sets up National Economic Activities Inspectorate Portuguese company awarded tender to design Sonangol fuel park in Angola Portuguese company Opway Engenharia to re-build road in Mozambique’s Gaza province South Korea to train Angolan telecommunications and IT staff Namibia and Angola to build hydroelectric facility on Cunene river
2010-06-21 African Development Bank to grant support to Sao Tome and Principe 13 Mozambican companies to take part in Lisbon meeting with China Airport planned for Cape Verde’s Santo Antao Island Construction project for Angola’s Cabinda port presented to Transport Minister Mozambique and Brazil sign air transport agreement European Union grants 17 million euros to Sao Tome and Principe China’s state banks to finance projects in Mozambique Modernisation and extension of Lobito port in Angola to cost US$1.2 billion Brazilian companies gain ground in energy and cement in Mozambique
2010-06-18 Concession on port of Maputo extended until 2033 Portuguese-Mozambican bank, Banco Nacional de Investimentos to start operating in July Mozambican government to ask UN for extension of continental platform Mozambican government should lower tax on capital gains and dividends Businesspeople from China and Macau travel to Portugal for business meeting Refurbishment of Lomaum dam in Angola, scheduled to end in 2011 Australian firm signs contract to process coal in Mozambique Mozambique and Brazil to sign memorandum of understanding on energy sector
2010-06-17 Mozambique and Brazil sign energy sector agreement World Bank and IMF authorise Mozambican government to take out commercial loans Mozambique is safe from shocks caused by international crisis Cape Verde’s Praia Municipal Council issues bonds IMF carries out further technical mission to Guinea Bissau Angola’s airports to continue to be improved with investment of US$400 million Aid from Mozambique’s Group of 19 donors to total US$675 million Mozambique rail and port company introduces traffic control and fleet management system
2010-06-15 Concession on port of Maputo extended until 2033 Portuguese-Mozambican bank, Banco Nacional de Investimentos to start operating in July Mozambican government to ask UN for extension of continental platform Mozambican government should lower tax on capital gains and dividends Businesspeople from China and Macau travel to Portugal for business meeting Refurbishment of Lomaum dam in Angola, scheduled to end in 2011 Australian firm signs contract to process coal in Mozambique Mozambique and Brazil to sign memorandum of understanding on energy sector
2010-06-14 Angolan entrepreneurs to build new shopping centre in Luanda Government of Angola’s Cabinda province restores ceramics factory Angolan minister guarantees support for development of fishing sector Mozambique Stock Exchange to start listing small and medium-sized companies Finland to finance science and technology in Mozambique Oil production at Angola’s Bloc 17 passes billion-barrel mark Emergency dredging work to begin in July in port of Beira, Mozambique Brazil’s Camargo Correa Cimentos acquires controlling stake in Mozambican cement producer Angolan currency regaining value as economy grows
2010-06-11 Mozambican power company EdM invests in electrification of districts in Cabo Delgado province Angolan company invests in granite processing Angolan ornamental rock company to diversify production in Huila province Brazilian mobile carrier Vivo announce plan to expand mobile Internet access Brazil’s Vale partners Japanese company to obtain geological data on Southern Africa Brazil’s Vale starts environmental impact study in Nacala-a-Velha, Mozambique Acquisition of tugs to reduce ship congestion at port of Luanda, Angola Ngove hydroelectric facility in Angola, to save millions of dollars in fuel
2010-06-10 Minister announces construction of new airport in Mbanza Kongo, Angola German companies to import cassava from Mozambique Government of Manica province, Mozambique authorises two companies to catch venomous snakes Cape Verde to import cattle variety from Brazil to improve breeds Portuguese legal expert launches book about Corporate Law in Angola Thailand sets up Chamber of Commerce in Macau Macau, Guangdong and Hong Kong carry out joint tourism promotion in Taiwan and Europe Angola acquires rail equipment from China for Benguela line
2010-06-09 Huambo province, Angola, needs 60 megawatts of power by 2013 Mozambique approves membership of International Cotton Advisory Commission 46th Maputo International Fair to take place from 30 August to 5 September High temperatures and April’s military incident affect cashew season in Guinea Bissau Brazil’s agricultural harvest is expected to be second-highest ever this year Macau economy to expand 8.6 this year, The Economist says Australia to donate 102.7 million Australian dollars in aid to East Timor Angolan government prepares gold and diamond exploration in Huíla province
2010-06-08 Number of automatic payment terminals in Angola rises 471 percent in two years Brazilian group enters Angola via acquisition in Portugal Atlas Air to use Sonangol aircraft on flights between USA and Angola World Bank to contribute to marine pollution prevention programme in Mozambique Portugal to sign first business agreement with Taiwan Rising diamond prices enable some Angolan mines to resume operations New airport facilities nearing completion in Maputo, Mozambique China’s Huawei telecommunications group to open second office in Portugal
2010-06-07 Value of Brazil/Angola business relations set to increase this year Endiama and partners invest in Angolan diamond project Cape Verde to host 1st ECOWAS/Brazil Summit in July Portuguese university opens business school in Angola Natural gas processing in East Timor will be US$5 billion more expensive Mozambican tantalite mine to triple production Angolan economy up 5 percent in 2009 China’s cooperation with Portuguese language countries takes delegation to Portugal, Cape Verde and Mozambique Galp Energia joins Portuguese, Angolan and Brazilian capital
2010-06-04 New bridge over River Kwanza in Angola ready by end of August Angola to increase agricultural production Spanish business mission visits Angola Mozambican power company EdM has additional electricity it can sell to South Africa Brazilian business mission to visit Mozambique in August Tongaat-Hulett’s sugar company in Mozambique to increase production Chinese companies increase oil acquisitions from Angola China is biggest importer of paper pulp from Brazil from January to April
2010-06-03 United States to boost trade with Angola East Timor needs to invest US$600 million in renewable energy East Timor government approves rectified budget with additional expenditure Limpopo National Park, Mozambique posts revenue of US$30,000 in first quarter Businesspeople from Portugal and Cape Verde interested in cruise liner terminal in Sao Vicente Portugal is biggest foreign investor in Mozambique from January to April Moçâmedes Railroad in Angola to receive more engines and carriages this year Casinos de Angola company invests US$55 million in gaming and entertainment
2010-06-02 Port of Maputo, Mozambique, has 20-year development plan Italian exports to Angola rise 130 pct in 2009 Brazil’s Petrobras moves into oil exploration in New Zealand Spain’s Telefonica offers 6.5 billion euros for Portugal Telecom’s stake in Brazil’s Vivo First National Bank Moçambique to open three more branches Moçâmedes Railroad in Angola to have 56 stations Odebrecht contracts Mozambican company to carry out environmental impact study Trade between China and Portuguese-speaking countries almost doubles in first four months of 2010
2010-06-01 Government of Sao Tome and Principe starts negotiations with oil company Equator Exploration Sao Tome and Principe’s international airport has “reasonable” operating conditions Businesspeople from the Netherlands interested in partnerships in Angola Japan funds reconstruction of irrigation channels in Lobito, Angola Macau’s balance of trade deficit totals US$1.36 billion from January to April Cities of Huambo and Caála, Angola to have public lighting system Riversdale mining’s Zambezi project in Mozambique has reserves of 9 billion tons of coal Macau’s economy grows 30.1 percent in first quarter of the year
2010-05-31 Mozambique exported less sugar in 2009 Vodacom Moçambique operator investing in network expansion Portugal’s Mota-Engil group to build Catembe bridge in Mozambique Portugal’s Soares da Costa group awarded projects in Mozambique Mini-hydropower dam to be rebuilt in Cavango, Angola National Geology Plan in the works for Angola Dutch company Van Oord to dredge port of Beira, Mozambique Hydroelectric capacity to be restored at Angola’s Matala dam China with “renewed” interest in Brazil
2010-05-27 Angola to have sea navigation centre in Sumbe in 2012 European Union grants 100 million euros in aid to Guinea Bissau Portuguese exports to Brazil rise 73 percent in first quarter More than 220,000 Brazilian tourists visit Portugal in first two months of 2010 Mozambique’s water company benefits from EU projects worth 20 million euros Bridges over Lucite and Mussapa river in Manica, Mozambique open Angola’s customs service to control export and import of oil and gas Ngove dam, Angola to start operating in 2011
2010-05-26 Cape Verde government considers “open skies” agreement with European Union Botswana wants to buy more electricity from Mozambique UN grants Mozambique over US$250 million for agricultural projects China to overtake Germany in sale of machinery and equipment to Brazil Sands China to re-launch building work in Macau, on hold since 2008 Portuguese group to build cement factory in Angola Foreign investment in Mozambique totals US$3.3 billion over three years Ports of Maputo and Matola, Mozambique, undergo refurbishment
2010-05-25 Macau’s participation in Shanghai Expo is “opportunity” for international promotion Portuguese-speaking African countries return to economic growth Japan provides aid to Angola for refurbishment of port of Namibe World Bank and Mozambican government to sign energy sector agreement in June World Bank delegation guarantees support for economic development of Guinea Bissau IMF praises Cape Verde’s economic and financial policies Macau receives 8.2 million visitors between January and April Tourism Institute increases activities to promote Mozambique in South Africa
2010-05-24 Taiwan donated US$13 million to Sao Tome and Principe in 2009 World Bank to finance construction of hydroelectric dams on Sao Tome and Principe German company interested in exploiting Mozambican graphite AfDB grants loan to Cape Verde for wind energy project on four islands TAP Air Portugal and Air China begin China-Europe code-sharing agreement in summer Norway's Statoil sells 40 percent of Brazilian oil field to China’s Sinochem France and South Africa finance increase in Mozambican gas production Brazil’s Vale to export Mozambican iron ore to China and Oman Chinese demand helping Angolan diamond industry
2010-05-20 Angolan parliament approves law that defines countries sea borders Angolan businesspeople invest in shopping centre in Luanda Angola’s Lucapa mining company to re-launch diamond mining Mozambique’s donors provide agreed payments on schedule Brazilian economy grows 9.85 pct in first quarter Rating agencies rate Angola's debt for the first time Portugal’s Mota-Engil acquires 50 percent of Brazilian environmental management company China’s Sinopec to import 7 million tons of crude oil from Brazil this year
2010-05-19 Angolan oil exports rise in January and February Portugal’s Galp Energia and Brazil’s Petrobras invest in biofuel project Mozambican government opens air space to three more African airlines Fitch maintains Cape Verde’s rating and restates stable outlook African Development Bank provides budgetary aid to Guinea Bissau Brazil’s Odebrecht to provide technical assistance to the Capanda Agri-Industrial hub in Angola China’s Sinohydro to build infrastructures in Malanje, Angola Brazil’s Odebrecht to start building Nacala international airport in Mozambique
2010-05-18 Chinese consortium to invest US$78 million in cement factory in Mozambique Biofuel production in Angola may help to establish population in rural areas Iveco, of the FIAT group, to invest US$60 million in Angola Construction of Mpanda Nkuwa dam in Mozambique depends on South Africa Sweden funds development of Púnguè river basin in Mozambique Beer maker Cervejas de Moçambique opens factory in Nampula New and renewable energy to be funded in Mozambique Chinese state group acquires seven companies in Brazil
2010-05-17 Refriango invests US$150 million in new Angolan factory unit Portuguese paint company to double production in Angola LAM Mozambique Airlines up 6 percent in 2009 Mozambique’s Manica province to export mangos and bananas to Europe Patrol boats built in China to arrive in Timor-Leste on independence day Angolan government wants to develop chemical and petrochemical industry First phase of refinery in Lobito, Angola, to become operational in 2014 Angolan company to export black granite to China Closer economic and political ties for Portugal and China
2010-05-14 Coal from Canada and Mozambique to supply steel works of India’s Tata Steel in Europe Luxembourg increase aid to Cape Verde to 60 million euros IMF mission in Cape Verde to assess support for economic and financial policy Mobile phone carriers in Angola should invest US$750 million per year to improve services, official says Portugal’s Ferneto opens Angola’s first detergent factory President of Macau Monetary Authority attends international conference in Mozambique Brazil to fund Mozambique in agri-livestock project China supports Mozambique in rice production
2010-05-13 Mozambique and Tanzania aim to build road link Mozambique's Maputo-Catembe bridge to be built by 2014 Germany supports rural development in Inhambane, Mozambique Farmers in Sao Tome and Principe export pepper to France Cape Verdean economy should grow between 4 and 5 percent this year Chinese company to rebuild M’banza-Kongo infrastructures in northern Angola Mozambican parliament approves proposed law on wood exports Egyptian group Elsewedy Electric intends to invest in Mozambique
2010-05-12 Mozambique’s capital, Maputo, to undergo urban renewal World Bank funds decentralisation in Mozambique New airline, ServisAair starts flying in Angola Angolan national diamond company signs mining contract Home loans in Angola have very high interest rates Sao Tome and Principe fuel company posts profit in 2009 East Timor government to liberalise telecommunications by start of 2011 Management of food silos in Mozambique to be handed over to private companies
2010-05-11 Brazilian cotton producers set up trading company International crisis affects foreign reserve sources in Mozambique New Angolan airlines starts operating Wednesday Portugal Telecom rejects proposal from Spain’s Telefónica to buy Brazilian assets Portugal’s Millenium bcp opens branch in Macau South African Airways awards prize to Mozambican travel agency Chinese increases soy purchases from Brazil in April IMF funding to Angola rises to US$514.5 million
2010-05-10 First Portuguese language country real estate confederation founded in Luanda IMF approves financial support for Guinea-Bissau Cape Verde’s 2009 budget performance “positive overall” Cape Verde’s special partnership with European Union to bring middle and long term results Seven more Mozambican companies receive “Made in Mozambique” seal Angolan government to sell land at low cost to reduce housing prices South African companies import and export vehicles via port of Maputo, Mozambique Mozambique’s Mphanda Nkuwa dam to be granted in concession this year China supports boosting agricultural potential of Portuguese-speaking countries
2010-05-07 Angola has millions of hectares of arable land and considerable water resources yet to be explored Angolan Real Estate Fair is venue for creation of Portuguese-speaking Real Estate Confederation Brazil’s Petrobras and Portugal’s Galp Energia to produce biofuel in Pará state Brazil-Mozambique business mission to visits Maputo in second half Construction of single power transmission plant on Santiago Island, Cape Verde, begins Xai-Xai in Mozambique to have cotton processing factory Foreign funding makes it possible to invest US$43.4 million in Sao Tome and Principe in 2009 Lisbon hosts annual meeting of China nd the Portuguese-speaking countries in June
2010-05-06 Potable water and sanitation to be provided to rural inhabitants of Mozambique France supports Mozambique with US$50 million for gas projects Portugal’s Edifer group wants to reduce dependence on Angola and enter new markets European Commission revises this year’s growth of Portuguese economy marginally upward New broadband wireless offerings in Cape Verde Brazil’s Embraer admits possibility of abandoning operations in China Work on building Mozambique’s first Science and Technology Park begins 19 companies interested in tender for Mozambique’s third mobile phone operator
2010-05-05 Taiwan Strait Tourism Association opens tourism office in Beijing TAP M&E Brasil certified as service centre for Brazil’s Embraer Angolan government delays obtaining rating and sale of bonds on international market Angola’s ANIP approves US$1.8 billion in investments Portugal has biggest attendance presence at 1st Angola Real Estate Fair French company to produce coffee in Sao Tome and Principe Mozambique’s sugar companies only exported to EU in 2009 Angolan air carrier Taag orders two Boeing 777-300 aircraft
2010-05-04 Angolan economy may grow 9.4 percent this year Food security satisfactory in Angola Petrobras to invest in biodiesel production in partnership with Portugal’s Galp Energia Regulations of Portuguese Fund to Support Investment in Mozambique ready by July Portugal assumes coordination of the Cape Verde Budget Support Group Banco Espirito Santo set to buy stake in Mozambique’s Moza Banco China maintains in April position as Brazil’s main commercial partner Mozambican coal the focus of June international conference in Maputo
2010-05-03 Macau’s balance of trade deficit totals US$1 billion in first quarter Portuguese tourism association launches website in Mandarin for Chinese market Mozambican government to fund packaging industry Illegal fishing in Mozambique leads to annual losses of US$35 million Italian businesspeople visit Guinea Bissau seeking business opportunities Portuguese-Angolan group starts construction of metal mechanics factory in Huambo, Angola Petrobras acquires 46 pct of sugar and ethanol production company with factory in Mozambique Coal mining in Tete, Mozambique, to begin in July Angolan government targets real estate sector
2010-04-30 Angola’s Energy Minister calls for power interconnection between SADC countries Cape Verde air carrier TACV starts scheduled flights between Mindelo and Lisbon African Development Bank to fund development areas in Cape Verde African Development Bank grants funding to Guinea Bissau to train state workers East Timor government rejects floating rig proposal to explore gas in Greater Sunrise field China overtakes US to become biggest purchaser of Angolan diamonds Pemba in Mozambique gets improved water supply system Trade between China and Portuguese-speaking countries almost doubles in first quarter
2010-04-29 TAP Air Portugal leaves Macau with sale of stake in Air Macau to Air China Bridge over Rovuma River, between Mozambique and Tanzania to be inaugurated in May Angolan company Refriango increases production and wants to export to Portuguese-speaking countries Angolan government to pay off part of its debts by June More non-invasive inspection systems start operating in Mozambique Mozambique needs to invest US$60 million to increase cashew production Angola needs to invest in energy to speed up industrialisation Angola’s ANIP approves over 600 non-oil private investment proposals
2010-04-28 Sao Tome and Principe to have new construction materials factory Standard & Poor's downgrades Portugal’s credit rating Angola to be part of SADC power interconnection project Angolan government to pay off debts to companies this month Number of passengers passing through Cape Verde’s airports rises 9.1 percent in first quarter Portuguese bank Millenium bcp wants to transform offshore branch in Macau into a retail bank Mozambican government approves new minimum wages East Timor government approves project for oil exploration from consortium led by Italy’s ENI
2010-04-27 Stake owned by Italy’s ENI in Portugal’s Galp likely to be bought by Brazilian oil company Petrobras Germany to invest in construction of wind farms in Cape Verde Funds to save palm plantations in Mozambique fall short Angola activates Portugal’s credit line to pay debts to Portuguese construction companies Angola’s Banco Totta changes its name Cooking oil factory to start operating in Mozambique in June Mozambique attends tourism fair in South Africa Chinese companies plan to fund soy production in Brazil
2010-04-26 Port of Nacala, Mozambique already has non-invasive inspection facilities Over 6 million people visit Macau in first three months of 2010 Brazilian companies may benefit from World Bank guarantees for investments in Africa East Timor government prepares agreements with neighbouring countries to combat money laundering Sao Tome and Principe sidelined in Joint Development Zone with Nigeria Mozambican government negotiates more funding for rural electrification project Macau government to organise missions to Taiwan in second half of the year Trade between Angola and Brazil falls sharply in 2009 Acceleration of economic growth in Angola leaves crisis behind
2010-04-23 Australian government to fund rural electricity project in East Timor Sao Tome and Principe to be linked to pan-African telecommunications network World Bank approves loan to expand the Sao Paulo metro Portugal on list of top ten countries most likely to default on debt obligations US casino magnate Steve Wynn plans to move company headquarters to Macau Portugal’s Amorim Turismo invests in hotel sector in Angola Mozambique to introduce single visa for tourists Chinese state company plans to invest in soy production in Brazil
2010-04-22 Mozambique launches Institute for Promotion of Small and Medium-sized Companies Germany grants financial aid to Mozambique Mozambican businesspeople due to visit Portugal next week IMF increases forecast for Brazil’s GDP growth in 2010 Portuguese economy expected to post growth of 0.3 pct this year IMF projects strong growth in Angola and acceleration in other Portuguese-speaking countries Portuguese bank BES to acquire stake in Mozambique’s Moza Banco Cocoa exports net Sao Tome and Principe US$5.3 million in 2009
2010-04-21 Angolan government calls for regulation of artisanal diamond mining France plans to increase trade with Angola Agricultural product packaging centre opens in Cape Verde in three or four months Portuguese businesspeople travel to Cape Verde seeking business deals Mozambican government to propose debt pardon of 95% from Poland Portuguese businesspeople seek investments in Huíla province, Angola Portugal’s REN receives invitation to buy 7.5 pct of Cahora Bassa facility in Mozambique Cape Verdean island of Santo Antão to have three dams
2010-04-20 Angola may join Gas Exporting Countries Forum China donates agricultural equipment to Mozambique’s army Portuguese-Angolan company invests US$150 million in Angola Mozambican government invests US$8 million in water supply system in Xai-Xai Chevron and India’s ONGC interested in oil blocks in Sao Tome and Principe’s EEZ Spanish and Angolan companies set up cotton processing factory in Angola Large Millennium Challenge Account Moçambique tenders to be launched this year Angola’s future stock exchange may be third largest in Africa
2010-04-16 Portugal’s CME wants to invest 70 million euros in Brazil Mozambique wants to export non-traditional products to European market Mozambique’s BCI bank posts profit of 15 million euros in 2009 World Bank pledges support of US$6 million for Guinea Bissau budget Angolan group Silisa opens US$2.5-million hotel in Luanda Companhia de Telecomunicacoes de Macau posts profit of US$92.63 million in 2009 Brazil and China sign document to boost bilateral trade Angola’s ANIP approves projects worth over US$1 billion in 2009
2010-04-15 Mozambique to build 600 kilometres of roads in 2010 Mozambican economy to expand 6.2 pct in 2010, government says Cimpor invests 133 million in Brazil over last three years European Commission threatens to cut off funding to Portugal if deficit increases Seven out of 10 Cape Verdeans have a mobile phone Taiwanese company Gigabyte to build factory in Brazil Angolan government uses Chinese credit line to buy rolling stock Brazil’s EBX signs partnership deal with China’s Wisco to build steelworks in Rio de Janeiro
2010-04-14 Norway grants 19 million euros to combat illegal fishing in Mozambique Transport operators meet in Mozambican capital in May Panel factory for house construction in Angola launches in May East Timor Government signs deal with Portuguese company to renew Colmera neighbourhood Work on solar power plants in Praia and Sal begins in Cape Verde Chinese company in final stage of work on Dundo airport in Angola Chinese oil company Sinopec to take stake in two of Petrobras’ oil blocks in northern Brazil Brazil’s Oi granted loan by China Development Bank
2010-04-13 Benga coal project launches in Mozambique’s Tete province Portuguese bank is part of syndicate to grant loan to Galaxy Entertainment to finish resort in Macau Sao Tome prime minister visits US to discuss oil exploration East Timor government does not accept transport of Gas to Darwin by Australia’s Woodside BIC provides funding of over US$100 million in Angola’s Huíla province Mitsubishi, Siemens-CCECC and BT CRBC LRT put forward proposals for construction of Macau light railway China’s Chery plans to launch car in Brazil by 2013 Chinese companies take part in modernisation of water supply system in Maputo, Matola and Boane in Mozambique
2010-04-12 New push for iron and copper mining mega-projects in Angola Millennium Bim and Bank of China assign protocol to simplify bank transfers Mozambique attends tourism fair in China Mozambique to have fuel stations in all its districts by 2014 Portuguese group Omni launches charter operation in Brazil Portuguese-Cape Verdean consortium prepares energy project for Fogo island Government of Mozambique launches tender to refurbish Chicamba and Mavuzi power plants Rice production in Mozambique to grow 30.9 percent in current season China Petrochemical Corporation finishes building 1,377-km gas pipeline in Brazil
2010-04-09 Investors interested in cement business in Mozambique Mozambique Leaf Tobacco invests 100 million meticals in buying tobacco Almost all Mozambican state companies run at a loss Angola to buy vessels to patrol territorial waters Oil company Shell leaves Cape Verde and 20 other African countries Brazil imports 44 pct less steel from China in 2009 Oil production in Angola expected to rise 16 pct in 2011 Mozambican power company EDM to invest US$1 billion in improving power production and distribution
2010-04-08 Riversdale Mining contracts companies in Mozambique for environmental study More than 170 companies have right to use “Made in Mozambique” quality mark Number of Portuguese companies operating in Cape Verde rises in 2008 Cabinda province, Angola, to have deep water port United States funds community programmes in Cabinda, Angola Italy’s ENI strikes oil in Angola Expansion of Inhambane airport in Mozambique, soon to be up for tender Valley of Macs invests in Mozambique in Macadamia crop
2010-04-07 State revenues to account for 18.8 pct of Mozambique’s GDP in 2010 Angolan air carrier Taag plans to buy more aircraft Business in Angola contributes to profitability of Portuguese banking sector Cape Verde and European Union discuss special partnership Public spending and international aid keep East Timor economy “animated” Macau Institute for Promotion of Trade and Investment (IPIM) to boost support locals SMEs Forty two Mozambican districts linked to electricity grid from 2005 to 2009 Oil companies from China to take part in auction in Brazil
2010-04-06 Mindelo to host Cape Verde's 2nd Enterprise, Employment and Entrepreneurship Fair Mozambican ports and railway company invests in improved passenger transport Mozambican government launches international public tender for third mobile telephony operator IMF evaluates granting new Policy Support Instrument to Mozambican government Sonangol and Total subsidiary announce oil discovery in Angola Brazil's Petrobras prepares to open its first ethanol factory Promise of IMF financial aid for Guinea-Bissau still valid, says Senegalese ambassador Sea link between Sao Tome and Principe and Cape Verde may begin in June Trade and investment between China and Portuguese language countries resisted global crisis
2010-04-01 Chinese company builds oil equipment for Brazil’s ETX Railway company Portos e Caminhos de Ferro de Moçambique posts profit in 2009 Theft of electricity cables cost Mozambique more than US$51 million in the last 5 years Sao Tome’s airline still banned from flying to Europe “Strong” public and private investments drive Mozambique’s economy New thermal power plant in Sao Tome and Principe boosts electricity supply Angolan air carrier Taag prepares to renew its fleet Business projects in Bié, Angola total over US$80 million
2010-03-31 Trade between China and Portuguese-speaking countries doubles in January and February European Commission authorises Angola’s Taag to re-launch flights to Europe Air Macau posts loss of UD$32 million in 2009 Portuguese company Jurinfor publishes books on Angolan tax law Bank of Portugal lowers Portuguese economic growth forecast to 0.4 percent this year Canada provides aid for Mozambican state budget Debts of Mozambican airport management company rise due to investment plan Profit at Banco Nacional Ultramarino falls almost 10 pct in 2009
2010-03-30 Tourism investment projects in Mozambique total US$900 million in 2009 New bridge opened in Namibe province, Angola Angolan economy expected to post growth of close to 10 pct this year Portugal’s budget deficit for 2009 revised upwards to 9.4 pct of GDP Compensation Chamber starts working this year in Angola Angolan government delays issue of public debt Angola’s state debt has similar rating to that of Nigeria MAN Latin America opens showroom in Angola to sell trucks made in Brazil
2010-03-29 Macau’s GDP posts real growth of 1.3 pct in 2009 Government cancels operating license of low cost airline Viva Macau Cimentos de Moçambique, owned by Portuguese cement company Cimpor, invests 18 million euros to double production Portuguese company MPG plans to invest in Recife, Brazil Portuguese exports to China rise 20 percent in 2009 China expected to make significant investments in Brazil in 2010 Cape Verde Technology Centre financed by China Sinopec acquires oil stake in Angola from parent company Macau leads worldwide reduction of telecommunication and broadband Internet prices
2010-03-26 Brazil and Argentina join forces for commercial promotion in China Angolan government authorised by parliament to negotiation sea border with Congo Japan to provide food aid to Mozambique Macau’s electricity company posts profit o 520 million patacas in 2009 Brazil supports Mozambique’s national housing policy Angola’s Procafé takes out loan in India to buy coffee from Angolan producers Pemba, Mozambique, to have new international airport Mozambique’s Moza Banco posts profits of US$2.2 million in 2009
2010-03-25 Mozambican economy expected to post growth of 6.2 pct this year Master plan for production of agricultural statistics in Mozambique concluded within 18 months Communications sector in Mozambique expected to grow this year with introduction of new technologies Mozambique starts to receive payments from donors Angola’s Banco de Desenvolvimento provides US$60 million for projects in Bengo province Angolan parliament approves proposal for law on biofuels First phase of Maputo International Airport, to be concluded in May Chinese group buys iron ore assets in Brazil
2010-03-24 Portugal’s EDP to invest in construction of wind farm in southern Brazil European Union provides funding to Guinea Bissau to rebuild roads and bridges Mozambique’s electricity company loses millions due to illegal hook ups Portuguese construction company to rebuild roads in Sao Tome and Principe Israeli group proposes to build 100,000 houses in Angola China makes first appearance in Brazil’s foreign investment statistics Macau’s GDP expected to see two-digit growth in first six months of 2010 Angola is strong trading partner for US in sub-Saharan Africa
2010-03-23 Mozambican government to change law to benefit national companies Sesame exports earn Mozambique's small producers nearly US$7 million Italy ups support for Mozambique's state budget Real estate project planned for former Facim site in Maputo, Mozambique Mozambican government to present new investor for Massingir bio-fuels project OPWAY Angola wins first phase of real estate construction project in Luanda Mozambican cities of Inhambane and Maxixe to have permanent drinking water supply Mozambique may become cereal exporter after 2015
2010-03-22 First edition of Angola Real Estate Fair held in May in Luanda Sea freight to Angola still quite expensive First phase of anti-viral medication factory in Mozambique ready in second half of 2010 Gas pipeline link in Timor Sea is “vital” for East Timor World Bank provides loan to Angola Angolan government plans to plant 900 hectares of trees per year Alibaba.com starts operating in Brazil Angolan government to decree reduction in price of land Oshikango, near Angola, is example of boost in Chinese investment in Africa
2010-03-19 Fund to support decentralised financial management set up in Mozambique Producers threaten to bring production of jatropha to an end in Mozambique’s Nampula province Portugal’s Sonae Group likely to enter Angolan market this year Japan to provide aid to Cape Verde Brazilian senate expected to approve partial pardon for Cape Verde’s debt Donor countries guarantee aid for Mozambique’s state budget Angola draws up country’s forestry inventory Angolan construction company to invest in increasing production of construction materials
2010-03-18 Portuguese consortium expands and modernises port in Cape Verde Japan and UNDP fund environmental project in Sao Tome and Principe Stalemate between Mozambique and some donor countries comes to an end Electricity supply to capital of Guinea Bissau resolved in three years Edifer Angola increases turnover to US$202 million Chinese business delegation visits Angola Spain to finance Mozambican state budget with 9 million euros Government of Angola says economy grows 2.7 pct in 2009
2010-03-17 Brazil’s Puma Air starts flights to Angola in June or July IMF reaches agreement with Angola on additional economic measures Angola to ask OPEC to increase its oil production quota Brazilian oil company Petrobras announces oil strike in north-eastern Brazil Round table of international donors to Guinea Bissau scheduled for October Chinese companies interested in East Timor’s electricity sector Australia’s Riversdale Mining plans to bring start of production forward in Mozambique Angola may re-launch auction for oil blocks in 2011
2010-03-16 Mozambican agrarian institute seeks researchers to save coconut palms Profit at BES Angola bank rises 86 pct in 2009 Winemakers from Portugal’s Alentejo region interested in Angolan market Angola makes saving of over US$500 million from fast customs processing Cape Verde government approves new income tax codes Guangdong and Macau set up working group to boost cooperation Brazilian delegation in Cape Verde to boost business cooperation Japan and Brazil to cooperate in Mozambique’s agricultural
2010-03-15 East Timor government excludes foreigners from land owning rights Brazil wants to encourage production of biofuels in West Africa, particularly Guinea Bissau Goods in transit through port of Maputo, Mozambique to undergo non-invasive inspection Banco Angolano de Negócios e Comércio invests US$1 million in branch in Huambo, Angola United States supports Angola in managing its debt Mozambican air carrier LAM re-launches scheduled flights to Lisbon in March, 2011 East Timor economy grows 14 pct in 2009, government says Administration of port of Soyo, Angola, invests in port expansion Cape Verde and Mozambique liberalise gaming laws to attract
2010-03-12 Angolan, Brazilian and Mozambican markets fundamental to Portuguese group Teixeira Duarte Portuguese group Ibersol plans to create Ibersol Angola Finibanco Angola may open branches in Huila and Benguela provinces in Angola Angolan oil production exceeds 1.9 million barrels per day in February Portuguese construction group Mota-Engil plans to increase turnover in Cape Verde six-fold in three years Film about Gorongosa Park in Mozambique wins gold and diamond prizes in Berlin tourism film festival France pardons Mozambique’s debts and signs new agreements Kentz Corporation wins contract for Brazilian company Vale’s coal project in Mozambique
2010-03-11 Mozambican mining and energy sector focus of debate in Maputo Film about Gorongosa Park in Mozambique expected to receive prize at Berlin tourism fair Angola’s Kwanza Sul province to have further 800 km of paved roads Huambo, Angola may produce electricity from eucalyptus Cacuaco/Viana ring motorway in Luanda due for conclusion in June Angola-China project in Luanda to improve electricity supply Japan grants loan to Mozambique to repair Nampula-Cuamba road Mozambican airline LAM starts flights to Portugal in October
2010-03-10 Spanish company to build refrigeration facilities in Mindelo, Cape Verde Mozambique’s net foreign reserves enough to cover 5.5 months of imports Angolan bank BCI launches micro-credit programme Japan provides aid to economic activity in Guinea Bissau Guinea Bissau’s government starts paying its debts to local business owners Profit at China’s Gree rises 40 pct in 2009 Brazil expected to start exporting beef to China in second half Matola coal terminal in Mozambique doubles processing capacity to 4 million tons per year
2010-03-09 Australia’s Lonrho Mining expects to mine diamonds in Angola this year Brazil becomes world’s third largest export of agricultural products United States provides food aid to Mozambique International Financial Corporation promotes loans to SMEs in Mozambique, Ethiopia and Tanzania Guinea Bissau’s government to host mining conference Portuguese construction company Teixeira Duarte to build Angola’s new parliament Canada’s African Queen Mines gives up business in Mozambique and Botswana Portugal expected to reach 2013 with its economy growing 1.7 pct
2010-03-08 Cape Verde's hotel network counted 11,720 beds in 2009 Bond issue by Tecnicil property developer on Cape Verde exchange beyond expectations Portugal's Galp Energia begins contacts to form oil exploration consortium in Sao Tome and Principe Mozambican government may revise state budget due to lack of funds Brazil to forgive part of Cape Verde's debt Sale of Portugal's stake in Cahora Bassa Hydroelectric agreed with Mozambique Ireland's Kenmare Resources issues shares to finance project expansion in Mozambique Mozambique present in two more tourism fairs ahead of World Cup in South Africa Angola began year as China's top oil supplier
2010-03-05 Road between Chimoio and Mossurize in Mozambique to be paved Britain’s BP sells business units in 5 African countries to focus on Mozambique and South Africa Mozambique one of the beneficiaries of European Union fund for infrastructure in 2009 Portugal’s stake in Cahora Bassa dam to be sold to Portuguese companies Brazil and Sao Tome and Principe sign cooperation programme Portuguese credit line to Cape Verde exclusive to Portuguese-Cape Verdean consortiums Portugal’s Portucel/Soporcel group to invest 2.3 billion euros in Mozambique Portugal to provide 1 billion euros for development projects in Mozambique
2010-03-04 Brazilian senate assesses partial pardon of Cape Verde’s debt Portugal’s EDP to invest US$1.118 billion in Brazil Portugal considers selling 15 percent stake in Cahora Bassa Dam, Mozambique Portugal to continue to fund Mozambique’s state budget Luanda International Fair announces agreement with Portuguese Industrial Association UK to provide funding of £26 million for wind energy in Cape Verde Luso-Moçambicano bank to fund construction of Mpanda Nkuwa dam in Mozambique China’s trade with Portuguese-speaking countries doubles in January
2010-03-03 Australia’s VECCI supports East Timor in setting up chamber of commerce Portuguese government doubles credit line to Mozambique to 400 million euros Mozambican government to invest US$7.3 million in agricultural campaign IMF believes Mozambique capable of managing donor delay in providing budgetary aid Industrial gas factory in Cabinda, Angola, has higher capacity than demand Sao Tome and Principe starts auction of oil blocks East Timor government approves construction of dock for frigates built in China Port of Maputo, Mozambique to process 8.7 million tons of cargo in 2010
2010-03-02 Galp Energia, Sonangol and Petrogas may form consortium for oil exploration in Sao Tome and Principe Cape Verde air carrier TACV starts flights to Madrid in July Turnover at Empresa Moçambicana de Seguros rises 1.29 pct in 2009 Portugal and Mozambique to sign cooperation deals Brazil’s Petrobras to double production at its biggest biodiesel unit Norway to provide financial aid for projects in Mozambique over next three years IMF begins mission to review loan to Angola Assembly of Cambambe power transmission line in Angola is underway
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