The prime ministers of Mozambique and Russia met Saturday in Moscow to discuss the possibility of cooperation in managing Mozambican natural resources, such as oil and gas, Mozambican news agency AIM reported Monday.
“Russia is one of the countries that has resources like Mozambique and, naturally, we have a lot to learn from this country and long-standing fried,” said Alberto Vaquina, cited … More
Mozambique’s Minister for Planning and Development, Aiuba Cuereneia, Saturday in Mocuba, Zambézia province, laid the first stone of the business centre of the Zambezi Valley Development Agency, Mozambican daily newspaper Notícias reported.
The business centre, which is due to be finished in the third quarter of 2015, is intended to support investors that want to operate in the two industrial and commercial … More
Angola’s Debt and Stock Bourse (BODIVA), under the supervision of the Capital Markets Commission, is due to start operating in December of this year according to the chairman of the Board of BODIVA, António Furtado.
According to Angolan state newspaper Jornal de Angola at a meeting with financial market operators Furtado said that the Bourse would initial operate with the Pubic Debt … More
The sale of Angolan diamonds in June totalled US$117 million , which was a rise of 20 percent against May, according to figures form Angola’s Geology and Mining Ministry.
The ministry said Angola sold “over 780,000 carats” or an additional 156,000 carats compared to May.
According to the ministry the rise in sales was the result of a 32 percent increase in diamond … More
Angola plans to produce 1.630 million barrels of oil per day by the end of the year the country’s oil minister, Botelho de Vasconcelos said in Luanda cited by Angolan news agency Angop.
The minister said that as new oil fields started operating production would reach 2 million barrels of oil per day in 2015.
Angola’s oil exports fell by 9.6 percent between … More
US oil company ESSO Angola has invested around US$5.1 billion in setting up the second phase of its “Kizomba Satellite Project Two” (KSP2), initial production at which will be announced at the end of 2015.
The oil project, which will increase Angola’s oil production by over 100,00 barrels per day in 2’15, was set up to produce around 190 million barrels of … More
The International Monetary fund (IMF), in a 57-page report has praised the Macau Government for its prudent macroeconomic management framework, particularly the linked exchange rate between the Macau pataca (MOP) and the Hong Kong dollar (HKD), flexible markets, and safeguarding fiscal discipline and financial stability.
Despite supporting Macau’s “fiscal discipline,” the IMF advises a “strategy of diversifying asset allocations,” in terms of … More