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Shareholders fail to capitalise Mozambique’s Moza bank

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Shareholders of Mozambican bank Moza have failed on the commitment made at the general meeting held on 23 January to capitalise the institution to return to financial stability and comply with current prudential ratios, the Bank of Mozambique said in a statement on Thursday.

Moza (formerly known as Moza Banco), which started operations in 2008, is controlled 51% by Moçambique Capitais and More

Results of the audit on Mozambique’s will be disclosed, IMF says

The results of the international and independent audit of the loans taken on by three public companies in Mozambique with State guarantees will be released, said on Thursday in Washington the spokesman for the International Monetary Fund (IMF).

Gerry Rice recalled that the IMF had resolutely called for this audit, which is being conducted by UK consultancy Kroll Associates, and said the More

Ambassador Cui Aimin gives says China intends to invest in Angola

China plans to invest in the agricultural and industrial sectors and in the processing of products in eastern Angola, notably in Lunda Sul province, China’s ambassador to Angola said on Wednesday in Saurimo.

Ambassador Cui Aimin was speaking at the end of a meeting with the provincial governor, Cândida Narciso, which discussed bilateral cooperation between the provinces of Lunda Sul and Hunan More

Chinese subscription TV company plans to start operating in Angola

Startimes Media, a company that provides television by subscription to about 10 million customers in Africa, plans to expand on the continent and Angola is one of the countries under consideration, said the Chinese carrier’s vice president of TV in Kenya, Mark Lisboa.

The company currently operates in 14 sub-Saharan African countries, including Kenya, Uganda, Tanzania, Mozambique and South Africa.

Speaking to Chinese More

UN supports development of Cabo Verde

The government of Cabo Verde (Cape Verde) and the United Nations (UN) signed a working document for 2017 which provides aid to the West African nation in the amount of US$16.6 million, the last payment of the five-year programme signed by the two sides in 2012.

The United Nations Development Assistance Framework (UNDAF) for Cabo Verde for 2012-2016 was extended until 2017 More

Macau receives more than 5 million visitors in January/February

Macau received 5.37 million visitors in January and February, a figure that represents an increase of 5.5% over the one recorded in the same period of 2016, reported the Statistics and Census Bureau.

The visitors remained in the territory for an average of 1.2 days, an additional 0.1 days compared to the same period of last year, with the number from mainland More