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China builds main Courthouse in Guinea-Bissau

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The foundation stone for the construction of the Palace of Justice of Guinea-Bissau, the country’s main courthouse, in the city of Bissau was laid Thursday and the work paid for by China will take 20 months, according to Portuguese news agency Lusa.

The ceremony was attended by several officials of the Guinean state, including Cassamá Cipriano, President of the country’s Parliament, the More

Portuguese airline connects Guinea-Bissau to Europe

Portuguese airline euroAtlantic Airways (EAA) will offer flights between Bissau and Lisbon under the terms of an agreement due to be signed Friday in Lisbon with the government of Guinea-Bissau, the airline said in a statement.

The ceremony in the Portuguese capital was attended by the president of EAA, Tomaz Metello and the Secretary of State for Transport in Guinea-Bissau, João Bernardo More

Sonangol is largest shareholder of the Angola’s new Banco Económico bank

Angolan state oil company Sonangol will be the largest shareholder of Banco Económico, SA, the bank that has replaced Banco Espírito Santo Angola, Portuguese financial daily Jornal de Negócios reported.

Sonangol’s entry in the capital of the new BESA is part of a capitalisation plan that the National Bank of Angola set out for the bank as a result of its intervention.

The More

China International Fund builds three buildings in Luanda, Angola

The China International Fund (CIF) has been chosen by the government of Angola to build three residential buildings in the city of Luanda for over US$91.4 million, according to a presidential order.

The three buildings will be built in the Sambizanga neighbourhood on the outskirts of the capital, and are intended to “resettle the local population” on the outskirts of the city More

Construction and agriculture attract Chinese and Portuguese investors to Kwando Kubango, Angola

The construction and agriculture sectors are the most attractive to Chinese and Portuguese investors in the Angolan province of Kwando Kubango, the president of the National Private Investment Agency (ANIP) said Thursday in Luanda.

Maria Luísa Abrantes, who was speaking on the sidelines of the 3rd Forum of Economic Development of Kwando Kubango, said that recently there had been increased interest in More

Huambo and Moxico, in Angola, will have road and rail logistics hubs

Angolan freight company AngoFret plans to invest US$52.7 million in building two road and rail logistics hubs in the Angolan provinces of Huambo and Moxico, serving the Lobito Corridor, according to an investment contract.

The contract signed with the National Agency for Private Investment (ANIP) outlines the launch of the project in January 2015, and the two hubs will be built in More

General Tax Administration will manage tax collection in Angola

The new General Tax Administration of Angola will coordinate and manage the entire process of tax collection, in the country according to a decision Wednesday by the government announced after a Council of Ministers meeting.

The new tax body is part of Angola’s on-going tax reform and will bring together existing bodies and services of the National Tax Directorate, the National Customs More

Cargo handled at the port of Beira, Mozambique, expected to grow 15 pct

The cargo processed this year by operators from Zimbabwe, Zambia, Malawi and the Democratic Republic of Congo, as well as Mozambique, is expected to post growth of 15 percent, said the CEO of Cornelder of Mozambique, the management company of the port of Beira.

The forecast growth in 2013 was 17 percent against 2012, but the occurrence of some problems, that were More