China strengthens its position as the largest bilateral creditor of Mozambique
China continues to strengthen its position as the largest bilateral creditor of Mozambique and is expected to continue as such in the coming years, due to new credits being negotiated by the governments of the two countries, according to official figures.
Coronavirus “contagion” for the Angolan economy
Despite substantial reforms to attract investment, which have already reflected in an improvement in the global corruption perception index, the Angolan economy is still in negative territory. Heavy reliance on oil exports means Angola’s GDP is highly exposed to “contagion” from the effects of the coronavirus crisis in China.
Added costs for LNG projects in Mozambique, as security worsens
Despite multiple attempts by the Mozambique government to defeat the Islamist insurgency in Cabo Delgado province, security conditions have continued to worsen, with ISIS now claiming to have inflicted casualties among the military and seized armoured vehicles.
New boost to Chinese-supported SEZ expected in Cabo Verde
Paulo Veiga, Cabo Verde's new minister of Maritime Economy, established on the island of São Vicente in 2018, is expected to bring new momentum and create a new economic growth engine with the Chinese-supported Special Economic Zone (SEZ) as the signature project for the sector.