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China and Angola negotiate agreement on currency conversion


Negotiations between Angola and China for an agreement on the introduction of facilities in granting visa and another on currency conversion are taking place “at a rapid pace,” said Monday in Luanda the ambassador of China in Angola.

Ambassador Cui Aimin, speaking about the 2nd China/Africa Forum Summit due to be hold in Johannesburg on 4 and 5 December, explained that Angola and More

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Two-thirds of companies registered with Angola’s statistics institute had no activity in 2014

About two-thirds of companies registered at the National Statistics Institute (INE) of Angola at the end of 2014 were inactive, according to a document published on the INE website.

The Business Units File Statistics document (FUE) for 2011 to 2014 indicates that of the 116,800 companies registered only 39,800 were active (34.1 percent of the total), while the majority (64.4 percent) were More

Mozambique and South Africa linked by new pipeline

South African petrochemical group Sasol and the governments of South Africa and Mozambique will invest US$120 million to build a new pipeline that will be operational in 2017, the Rompco company announced.

This company – Republic of Mozambique Pipeline Investment Company (Rompco) – is a partnership between the Sasol group, Companhia Moçambicana de Gasoduto and South Africa’s Gas Development Company (SOC) Limited More

Maputo/Catembe bridge in Mozambique scheduled for completion in December 2017

Construction work on the the Maputo/Catembe bridge and associated road network should be completed in December 2017, in line with the deadline included in the tender document, Mozambican daily newspaper Notícias reported.

The newspaper added that the developer, Empresa de Desenvolvimento de Maputo Sul, had given assurances that the project was progressing according to plan, and that more than half of the More

Mozambique limits use of credit and debit cards abroad

The Bank of Mozambique will limit the use of debit and credit cards abroad to prevent outflows of funds, the governor of the country’s central bank said Monday in Maputo.

“We will establish limits on the use of credit and debit cards abroad,” said Governor Ernesto Gove, adding that banks would also be instructed Monday to overhaul their computer applications.

The governor said More

Luso-Angolan group Newshold closes two newspapers in Portugal

The Luso-Angolan group Newshold will no longer be a shareholder of the newspaper “i” and the weekly newspaper “Sol” two Portuguese news outlets that will undergo a significant process of restructuring, reported the Portuguese company.

The decision taken by the group led by businessman Álvaro Sobrinho, former president of the defunct Banco Espírito Santo Angola, stems from the high losses incurred by More

Cabo Verde receives 408,000 tourists in third quarter

Hotel establishments in Cabo Verde (Cape Verde) received 408,800 guests from January to September, an annual increase of 5.8 percent, while overnight stays totalled 2.6 million or an additional 7.1 percent, reported the National Statistics Institute (INE).

In the third quarter the number of people who stayed on the archipelago’s accommodation units totalled 408,800, or an annual increase of 14.9 percent, while More

Macau’s economy recorded real contraction of 24.2 pct in third quarter

Macau’s economy recorded a real contraction of 24.2 percent in the third quarter year on year, with the period under review representing the fifth consecutive quarter of GDP contraction, reported the region’s Statistics and Census Bureau.

The statement issued said that the GDP decrease from June to September was, however, lower than in the second quarter, when GDP contracted 26.4 percent.

In the More