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China State Grid Corporation takes control of Brazil’s CPFL Energia

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Bonaire Participações, a company controlled by investment fund Power São Paulo FIA, decided to sell its 15.1% stake in CPFL Energia to the China State Grid Corporation, the Brazilian press reported.

With this decision, the Chinese group now controls 68.1% of the capital of CPFL Energia, after acquiring shares of 23.6% owned by the Camargo Corrêa group and 29.4% of the Employees More

Vale Group approves new terms for deal with Mitsui & Co in Mozambique

Brazilian group Vale expects to receive US$768 million dollars from the sale to the Japanese Mitsui & Co of stakes in the Moatize coal mine and Nacala Logistics Corridor in Mozambique, under the new terms of an agreement originally signed in 2014.

The new terms, disclosed to the market on Thursday, include the payment of US$450 million, including US$225 million for a More

Mozambique needs to ensure macroeconomic stability, IMF says

Mozambique needs to adopt measures to reduce expenditure in order to ensure macroeconomic stability, taking into account rising inflation and currency devaluation, said the mission of the International Monetary Fund (IMF) that travelled to Maputo.

The mission was in the Mozambican capital from 22 to 29 September to start talks on the terms of reference of an international independent audit of state More

Mozambique prohibits exports of wooden log from January 2017

Cut wood in Mozambique will no longer be exported as logs from January 2017, announced the national director of the Earth, Forestry, Environment and Rural Development Ministry.

Xavier Sakambuera, who was speaking on the sidelines of the first national meeting of the sector held in Beira, Sofala province, said the move aims to promote the industrialisation of the country, according to daily More

Angolan airline TAAG takes delivery of new Boeing 777-300

The third plane of an order for three aircraft for Angolan TAAG from US manufacturer Boeing is due to arrive in Luanda on Saturday, from Seattle, United States, reported the Angolan press.

The Boeing 777-300 ER was baptised with the name Morro Moco, after the highest hill of Angola located in Huambo province in the central highlands.

The aircraft can carry 225 passengers More

Macau’s trade deficit improves by 20% from January to August

Macau’s balance of trade deficit improved by 20.6% year on year, or 10.226 billion patacas, falling to 39.132 billion patacas (US$4.891 billion), said the region’s Statistics and Census Bureau.

In the first eight months of the year Macau exported goods worth 6.913 billion patacas (-5.4% over the same period of 2015) and imported goods worth 52.958 billion, patacas, a year on year More