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Banco BPI’s stake in Banco de Fomento Angola will be reduced

Spanish bank CaixaBank will draw up a plan to reduce Banco BPI’s stake in Banco de Fomento Angola, in which it holds a minority stake of 48.1% according to the prospectus of the takeover bid (OPA) launched on the Portuguese bank.

In the prospectus published through the Portuguese Securities Market Commission, CaixaBank said that the European Central Bank, when it accepted the More

Angola’s trade surplus increases in the 3rd quarter of 2016

Angola’s trade surplus in the third quarter of 2016 amounted to US$5.451 billion, a figure that compares with US$4.154 billion recorded in the second quarter, reported the National Statistics Institute (INE).

Data released by INE (http://www.ine.gov.ao/) showed that between July and September Angola exported goods worth US$8.468 billion, a 14.5% increase over the amount determined in the previous quarter and imported goods More

Angola starts exporting mangoes to Portugal

A ship moored at the port of Namibe, southern Angola, within the next few days will travel to Portugal carrying a shipment of 35.7 tonnes of mangoes produced at a farm in the municipality of Baía Farta, in Benguela province, said farmer Victorino Marques.

The farmer told Angolan news agency Angop that exports of the fruit to the Portuguese market is the More

Angola’s trade surplus increases in the 2nd quarter of 2016

Angola’s balance of trade recorded a surplus of US$4.154 billion in the second quarter of 2016, which represents an increase of 27.3% over the amount recorded in the same period of 2015, reported the National Statistics Institute (INE).

The observed increase in the trade surplus was due to the fact that exports rose 5.7% to US$7.395 billion and imports recorded a drop More

Government to boost integration of Macau platform in the One Belt, One Road initiative

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The government of Macau will give new impetus to the integration of the service platform for trade cooperation between China and Portuguese-speaking countries in the “One Belt, One Road,” initiative said the Secretary for Economy and Finance, Leong Vai Tac.

The Secretary, speaking on Tuesday during a reception of the Permanent Secretariat of Forum Macau, said the government remains committed to ensuring full cooperation More

Promoting Macau as a platform is a priority for Echo Chan at Forum Macau

The promotion of Macau as a platform in relations between China and the Portuguese-speaking countries is a priority for the newly appointed Deputy Secretary-General of Forum Macau, Echo Chan Keng Hong.

The economist, who spoke to reporters on Tuesday, said that there were objectives to develop in the Macau Platform along with initiatives and related projects but stressed that their implementation required the More