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Ambassador of China in Guinea-Bissau praises economic importance of China/CPLP Forum

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The Chinese ambassador in Guinea-Bissau said he hoped the China – Portuguese-speaking Countries Economic Forum, to be held from 9 to 11 April, in Bissau, will improve the economic development of the member countries.

Huang Wa spoke outside a working meeting with the Minister of Economy and Finance, Geraldo Martins, which discussed the state of economic and financial relations between Guinea-Bissau and More

Natural gas exploration in Mozambique has to move faster

The exploration of natural gas in Mozambique needs to accelerate because, otherwise, the country may miss the opportunity, the chairman of state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH) told financial news agency Bloomberg.

Mitha also told the agency he had been discussing the precise timeline with the government of Mozambique to “be ready with all contracts, the legal framework More

EU support to Mozambique to strengthen rule of law

The EU support programme for Mozambique, which includes funding of 734 million euros by 2020, will help strengthen the rule of law and the quality of public finance, said ambassador Sven Kühn von Burgsdorff.

The agreement on the 11th European Development Fund, signed on 26 November 2015, provides 734 million euros by 2020, of which 200 million euros will be earmarked for More

Difficulties in obtaining foreign currency limits dairy company Lactiangol in Angola

The difficulty in obtaining foreign currency to purchase raw materials is affecting the production of both milk and other dairy products by Lacticínios de Angola (Lactiangol), said the company’s president.

José César Bastos Macedo also told Angolan news agency Angop that milk production had to be reduced from 5 million litres to 3.5 million and that of yoghurt, for example, fell by More

Angola issues debt to capitalise venture capital fund

The government of Angola plans to issue Treasury bonds in the amount of 1.5 billion kwanzas (US$9.6 million) to capitalise the Angola Venture Capital Assets Fund (FACRA), according to an executive order of the Ministry of Finance.

With registered capital of US$250 million, FACRA is the first venture capital fund created by the Angolan government under the Development Program for Micro, Small More

Only one company interested in management of Cabo Verde’s ports

Enapor – Portos de Cabo Verde is negotiating to hand over the management of the main ports of the country on a sub-contractor basis with the only interested arty that has not given up on the international tender, Cape Verdean newspaper Expresso das Ilhas reported.

The newspaper also wrote that all the other companies that initially expressed interest had dropped out, according More