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Macao magazine



Angola plans to simplify private investment process


The Angolan Economy minister, Abraão Gourgel announced that the decision-making process for private investment in Angola is expected to become more agile and that repatriation of capital, profits and dividends will also be speedier.

The Economy Minister’s statement was based on a favourable assessment at the joint meeting of the Committees for the Economy and the Real Economy, both linked to the More

Iron production projects will start in Kwanza Norte and Cuando Cubango provinces in Angola

Two mining development projects related to the production of iron in the provinces of Kwanza Norte and Cuando Cubango in Angola, should become operational soon announced the minister of Geology and Mining, Francisco Queiroz.

The projects are located in the regions of Cerca (Zenza do Itombe), in Kwanza Norte, and Cuchi, in Cuando Cubango.

The Cerca project (Kwanza Norte) involves investment of US$285 More

Sonangol secures concession to explore onshore oil in Cabinda, Angola

The Angolan Government has awarded state oil company Sonangol a concession to research and produce onshore oil in the centre of the Cabinda enclave, an area of ​​over 1,400 square kilometres.

According to Portuguese new agency Lusa the information contained in a presidential decree of 20 March notes the Centre Block of the Onshore Cabinda Area (there are also onshore areas to More

Angola and Namibia sign memorandum for construction of three bridges linking the two countries

Angola and Namibia will build three bridges over the River Cubango to facilitate the movement of people and goods between the two countries and strengthen bilateral trade relations.

The decision is part of a memorandum of understanding signed in the city of Calai, in Cuando Cubango province, by the Foreign Minister of Angola, George Chicoti, and his Namibian counterpart Netumbo Nandi-Ndaitwah.

The three More

Brazil and Mozambique sign agreement for cooperation and Investment facilitation

The Brazilian Minister of Development, Industry and Trade, Armando Monteiro, Monday in Maputo is due to sign a Cooperation and Investment Facilitation Agreement (ACFI) with the government of Mozambique, according to a statement from the ministry.

The ceremony will also be attended by Brazil’s Foreign Affairs Minister, Mauro Vieira, and the Minister of Foreign Affairs and Cooperation of Mozambique, Oldemiro Balói.

The agreement More

Macau receives over five million visitors in January and February

In the first two months of 2015 Macau received 5,141,636 visitors, up 1.5 percent on the same period of last year, according to official information.

Figures from the Statistics and Census Bureau indicated that the number of visitors from Mainland China rose 4.8 percent to 3.5 million – making up 69.4 percent of the total.

Taiwan accounted for 151,159 visitors in the period, More

Chief Executive says Macau will take part in the New Silk Road project

Macau’s Chief Executive Chui Sai On said in Hainan, that Macau will take part in the New Silk Road project launched by Chinese President Xi Jinping and considered that Macau has unique advantages to participate in this national project.

“Although it is still a developing city, (Macau) has unique advantages to be part of this strategy given its potential in tourism and More

South African group to build 5-star hotel in Sao Tome and Principe

South African group HBD will invest over US$12 million in building a 5-star hotel on the island of Principe, a project involving the Portuguese construction group Mota-Engil, announced the Economy Minister of Sao Tome and Principe.

Agostinho Fernandes made the statement after witnessing the signing ceremony of the construction contract between HBD – Vida Boa Life represented by its director Nuno Rodrigues More