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Macau and Guangdong enhance cooperation to participate in the One Band, One Route initiative

Guangzhou

Macau and Guangdong plan to take all necessary steps to integrate both regions’ development policies in the Chinese central government’s “One Band, One Route” initiative, specifically by transforming Macau into an international tourism hub and economic platform.

The decision was made during the visit by Macau Chief Executive Chui Sai On to Guangzhou last Friday and his meetings with the governor of More

China’s XCMG and Brazil’s OAS negotiate partnership

The Xuzhou Construction Machinery Group (XCMG), a Chinese maker of heavy machinery, is negotiating with Brazil’s OAS engineering company to form a joint venture for the construction sector in Africa and Latin America, reports the newspaper O Globo.

XCMG will contribute capital, equipment and financing. OAS will in turn be responsible for know-how in construction and engineering projects, bringing to the new More

Chinese company plans factory in Nacala, Mozambique, to feed Brazilian steel industry

The China Brasil Xinnenghuan International Investment (CBSteel) company plans to invest US$1.4 billion to build a plant in Nacala to transform metallurgical coal into coking coal to export to Brazil.

CBSteel’s intentions were indicated in a memorandum signed last Friday in Maputo by the permanent secretary of Mozambique’s Ministry of Industry and Commerce (MIC), Carla Soto, and the chairman of the board More

Power plants in Manica, Mozambique, set to officially open in March

The Mavuzi and Chicamba hydroelectric plants in Mozambique’s Manica province will officially open in March, the chairman of the board of Electricidade de Moçambique (EDM), Mateus Magala, has indicated.

The two projects will add 80 megawatts to current electric power supply capacity.

Restoration work on the two plants, which are managed by EDM, cost the government nearly US$133 million.

The Covaninga plant is also More

Mozambique to export avocados to Europe

The company Westfalia Fruto Moçambique has announced that it will export avocados produced in the central province of Manica to the international market and especially France.

Westfalia consultant Manuel Roriz said that the first consignment of 400 tons could be ready for export to France this coming March.

Westfalia Fruto Moçambique is an agricultural subsidiary of the South African group of the same More

Chinese entrepreneur and Angolan group invest in maize production in Benguela, Angola

Chinese entrepreneur Deng Xingwu plans to invest along with the Angolan group Ovaxing about US$3 million to produce maize in Benguela province, thereby creating 130 jobs, indicates the investment contract accessed by Lusa news agency.

The contract was approved by order of the Agriculture Ministry and involves Ovaxing; the latter sells 49 percent of its share capital to the Chinese entrepreneur Deng More