The decline in average gross monthly casino revenue to less than 20 billion patacas (US$2.5 billion) last August led to the Macau government’s decision to immediately apply measures to control public spending, indicates an official statement.
Economy and Finance Secretary Lionel Leong announced on Tuesday the first austerity measures, whereby all public services must freeze 5 percent of budgeted expenditures for goods … More
Technical personnel from a Japanese mining company are currently in Mozambique’s Manica province with plans to prospect for coal in the Mossurize district, the provincial director of Mineral Resources and Energy, Olavo Deniasse, recently stated.
There are indications of the mineral’s presence in that district, though it must still be determined whether there is enough to justify commercial exploitation, Deniasse told the … More
South Africa’s Sasol group is seeking contractors in Mozambique to build a new pipeline to transport natural gas extracted in the country to South Africa, among other projects, indicate advertisements placed in the Mozambican press.
In the ads published in late August the group also states that it aims to contract companies to build facilities in Inhassoro, a coastal city 750 km … More
The National Bank of Angola (BNA) recently carried out the first auction sale of foreign currency directly to exchange bureaux, with transactions amounting to US$10 million at the average rate of 138.245 kwanzas per dollar, the central bank announced.
A statement posted on the Angolan central bank’s website indicated that in the auction the exchange rates used in transactions ranged between 145 … More
Foreign investment in Angola amounted to US$600 million in the first seven months of 2015, the head of Angola’s National Private Investment Institute (ANIP) announced before a gathering of personnel in Luanda.
Maria Luísa Abrantes specified that 406 companies in nine provinces had been visited from January through July, versus 502 companies visited during the whole year of 2014, indicates the speech … More
Trade between Brazil and Angola involved more than US$2.3 billion in 2014, Brazil’s ambassador in Luanda, Norton de Andrade Mello Rapesta, said on Tuesday in the Angolan capital.
Official 2014 figures from the Ministry of Development, Industry and Foreign Trade show that Angola exported to Brazil products worth US$1.261 billion during that year while importing Brazilian merchandise worth US$1.109 billion.
Bilateral trade figures … More
The Portuguese group SAG – Soluções Automóvel Globais has for the past two years been unsuccessfully trying to sell its stake in the Brazilian auto leasing and fleet management company Unidas, indicates its report on first half-year activity.
“Even though SAG Gest still plans to sell its stake in Unidas, Brazil’s macroeconomic conditions have not allowed a sale transaction for this investment … More