The African Development Bank (ADB) will provide a donation of US$59 million to Mozambique, with the first tranche of US$29 million earmarked for 2014 State Budget 2014, the local ADB representative said Thursday in Maputo.
Joseph Ribeiro said that the donation was part of the Economic Governance and Inclusive Growth PRogramme, that the Mozambican government agreed with the ADB and provided support … More
Portuguese group pulp and paper group Portucel Soporcel is negotiating with the International Finance Corporation (IFC), the World Bank group, to sell a 20 percent stake in a project in Mozambique, the group’s chairman said in Lisbon.
Diogo da Silveira noted that the partnership with IFC was a year old and added it could be enhanced with the World Bank subsidiary buying … More
The United Nations Development Programme (UNDP) will provide US$6 million for the construction of a mini-hydroelectric plants to produce 5 megawatts of electricity on the island of Principe, the president of the regional government said Thursday.
José Cassandra made the announcement after receiving UNDP representative, Mozambique’s José Salema, on the island of Principe for a meeting as part of the programme to … More
Angola’s National Geology Plan (Planageo) will produce credible processed and mapped information to manage and make use of mineral resources in the long term, the Angolan minister of Geology and Mining said Thursday in Luanda.
Minister Francisco Queiroz said that the information collected by Planageo would be available, in addition to state agencies, to potential investors, academics and other interested parties.
“Planageo is … More
Angola spends US$1billion every year on importing wine, as national production is still small, according to figures issued Thursday in Luanda, at the inauguration of the second edition of the festival of the Angolan wine sector.
The director of the Angola Wine Festival, Miguel Pinho,noted that the figure was a good representation of a “very large business” in the country, which shows … More
Macau received over 23.5 million visitors from January to September, or an increase of 7 percent year on year, the region’s Statistics and Census Bureau said.
The number of visitors from Mainland China (15.8 million), South Korea (420,400) and Japan (228,000) rose in annual terms, while visitors from Hong Kong (4.8 million) and Taiwan (726.9000) decreased in annual terms.
In September 2.4 million … More
Portugal’s public debt stood at 129.4 percent of Gross Domestic Product (GDP) in the second quarter of 2014 or 224.129 billion euros, according to figures issued Thursday by Eurostat, based on the new European System of Accounts (ESA 2010).
In the second quarter Italy had the largest public debt by percentage of GDP (133.8 percent), which was followed Portugal, and Ireland with … More