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Fifth natural gas exploration tender in Mozambique postponed until July

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The government of Mozambique has postponed the deadline for bids in the fifth tender to grant natural gas research and production areas until the end of July, without giving a reason for what is the tender’s third postponement.

The tender involves a total of 15 blocks including 76.8 square kilometres in the Rovuma basin (north), Zambezi (centre) and Angoche (north), and around More

World Bank may revise economic growth forecast for Mozambique downwards

The World Bank may revise its growth forecast for Mozambique’s economy downwards from 7 percent to 6.5 percent due to natural disasters this year and to contained public spending, said Thursday in Maputo the World Bank’s chief in Mozambique.

Enrique Blanco Armas said that despite this forecast slowdown, Mozambique’s economy will grow this year above the African average, which is 4 percent, More

Angolan company signs investment agreement worth US$5 billion

Angolan company Organizações Ribeirinho has become the largest investor in Angola to sign a contract with the National Agency for Private Investment (ANIP) for an investment of US$5 billion, Angolan news agency Angop reported.

The investment contract signed Wednesday with ANIP is for construction of 60,000 social housing units in eight provinces of Angola over the next 15 years, with funding from More

Angola’s Capital Markets Commission plans to work with the Ministry of Foreign Affairs

Angola’s Capital Markets Commission (CMC) plans to work alongside the Ministry of Foreign Affairs to promote the country’s capital market abroad and to combat money laundering, the CMC’s managing director said Thursday.

Vera Esperança Daves, who was speaking on the sidelines of a seminar on securities markets and cross-border crimes directed at diplomats and officials said the CMC wants the foreign ministry More

Brazil’s Embraer delivers 32 aircraft in the 1st quarter

Brazilian aeronautical company Embraer delivered 20 commercial jets and 12 executive jets in the first quarter of 2015, the company said in a statement.

At the end of March Embraer’s firm order portfolio was worth US$20.4 billion.

In March the company announced it received an order for fifteen E175 jets (seating for 88 passengers) and two E190 aircraft (114 passengers) from KLM Cityhopper.

The More

Guinea-Bissau seeks donors to build dam

The Organisation for the Exploration of the Gambia River Basin (OMVG) will organise a meeting with donors to build a dam for agricultural irrigation in Guinea-Bissau, two members of the Guinean government said Thursday in Bissau.

The Ministers of Natural Resources, Daniel Gomes, and of Agriculture, Aníbal Pereira, said the dam, estimated to cost 80 million euros is projected for the area More

Portuguese-speaking businesspeole make missions to Guinea-Bissau and São Tomé and Príncipe

The Exporters Union of the Community of Portuguese-speaking Countries (UE-CPLP) and the Business Confederation of the CPLP (EC-CPLP) is organising a trade mission to Guinea-Bissau on 21 to 24 April and to São Tomé and Príncipe on 26 to 28 April, officials said in Lisbon.

Both missions are designed to provide companies with opportunities to meet authorities, business entities, financial institutions and More

China donates scientific books to the Lusophone University of Guinea-Bissau

The Embassy of China has gifted one hundred scientific books written in French, Portuguese, Chinese and English to the Lusophone University of Guinea (ULG) and the books were delivered Thursday in Bissau.

At the ceremony to deliver the books the advisor to the University, Rui Sá, said he believed that with the new books college students would be able to deepen their More