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Factory of China’s JAC Motors in Brazil will need 400 suppliers

Fernando — Wed, 16 May 2012 10:27:57 +0000

The factory of Chinese group JAC Motors in Brazil, due to open in October 2014 in Camaçari, in the state of Bahia, will need 400 suppliers, the vice president of JAC Motors Brasil, Tarcísio Telles said Monday in Salvador.

According to the state’s press, Telles visited the Federation of Industries of the State of Bahia (FIEB) to present the JAC Motors Industrial ... More

ENI East Africa Mozambique and Anadarko Moçambique discover more natural gas in Rovuma basin

Fernando — Wed, 16 May 2012 10:26:12 +0000

ENI East Africa Mozambique and Anadarko Mozambique have discovered more natural gas reserves in the deep waters of the Rovuma Basin, in northern Mozambique, as a result of well drilled in February and April, the Mozambique National Oil Institute (INP) said Tuesday in Maputo.

Cited by daily newspaper Notícias, the INP statement said that in the case of ENI East Africa Mozambique ... More

Brazilian mission from Ceará wants to set up sea route to Cape Verde

Fernando — Wed, 16 May 2012 10:23:25 +0000

A mission of businesspeople and representatives of Brazilian institutions is due begin a visit to Cape Verde Thursday, which will include talks on launching a sea route between Fortaleza in the Brazilian state of Ceará, and Praia, the capital of Cape Verde.

The possibility of this project becoming a reality is great according to the chairman of Ceará Trade Brasil and the ... More

US group General Electric plans to build factory in Angola

Fernando — Wed, 16 May 2012 10:22:59 +0000

US group General Electric is at an advanced stage of negotiations with an Angolan business group to set up a partnership and build a factory in the Luanda-Bengo Special Economic Zone (ZEE), Angolan newspaper Novo Jornal reported.

The newspaper cited a “senior official,” of the ZEE who did not say what would be produced at the factory or which Angolan group was ... More

Mabubas dam in Angola inaugurated once again Monday

Fernando — Wed, 16 May 2012 10:22:35 +0000

The Mabubas hydroelectric plant, located on the outskirts of the city of Caxito in Bengo province, with its capacity increased from 17 megawatts to 26.8 megawatts was inaugurated Monday by the Angolan Minister of State and for Economic Coordination, Manuel Vicente.

The dam, which was refurbished and expanded by construction company GHCB – Angola, a subsidiary of Chinese group Guangxi Hydroelectric Construction ... More

Mozambican oil company Petróleos de Moçambique to import domestic gas without a public tender process

Fernando — Wed, 16 May 2012 10:22:08 +0000

The Mozambican government has chosen state oil company Petróleos de Moçambique (Petromoc) to import and distribute domestic gas and has given up on launching an international public tender to select a company, according to a statement issued Tuesday in Maputo.

The decision, which was made by Energy Minister, Salvador Namburete, and Planning and Development Minister, Aiuba Cuereneia, was the result of repeated ... More

Third mobile phone operator in Mozambique starts operating

Fernando — Wed, 16 May 2012 10:15:01 +0000

Movitel, a Mozambican-Vietnamese partnership and Mozambique’s third mobile telephone operator, officially started operating Tuesday and already 415,000 pay-as-you-go customers, according to the company’s chairman cited by the Mozambican press.

Movitel – a partnership between Mozambique’s SPI – Gestão e Investimentos (20 percent), Ivespar (10 percent), a subsidiary of the SPI group and Viettel (70 percent), which is 100 percent owned by Vietnam’s ... More

Trade between members of the Community of Portuguese-speaking Countries totals US$13 billion

Fernando — Wed, 16 May 2012 10:14:37 +0000

Annual trade between the member states of the Community of Portuguese-speaking Countries (CPLP) currently totals US$13 billion, the Angolan Trade Minister, Idalina Valente said Monday in Luanda.

The minister, who was speaking at the opening of the 1st meeting of CPLP trade ministers also said that trade between the eight CPLP countries with the rest of the world was in excess of ... More

Mozambique launches international public tender for construction and exploration of tourist resort

Fernando — Tue, 15 May 2012 09:55:26 +0000

Mozambique’s National Tourism Institute (Inatur) has launched an international public tender for construction and exploration of a tourist resort in the Inhassoro Area of Tourist Interest in Inhambane province, a source from the Institute told Macauhub in Maputo.

The area where the project will be located covers 1,750 hectares and has 5 kilometres of beach and is next to the Bazaruto archipelago ... More

Macau Airport company carries out capital reorganisation to absorb losses

Fernando — Tue, 15 May 2012 09:54:13 +0000

Shareholders of Macau airport company Companhia do Aeroporto de Macau (CAM) Monday approved a capita reorganisation – simultaneously reducing and increasing share capital – in order to raise 1.974 billion patacas (US$246.75 million) to absorb losses, the local press reported.

During an extraordinary general meeting shareholders agreed to reduce the company’s capital from 4.960 billion patacas to 1.014 billion patacas followed ... More