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Angola
30 April 2020

Banco Nacional Ultramarino and ICBC Macau partner for Portuguese-speaking countries
Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) have signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement by the issuing bank.
27 April 2020

Business Opportunities: Angola
The Angolan Government is progressing with privatizations in multiple fronts, including subsidiaries of the national oil company, Sonangol, and 13 industrial units in the Luanda-Bengo Special Economic Zone (SEZ).
27 April 2020

Angola Makes Headway in Becoming Rare Earths Producer
Angola's president has approved a 35-year mining investment contract for the exploitation of the Longonjo rare earth project. According to the company, the mine "will become a major global supplier of the magnet metals".
23 April 2020

Angola Economic Update: Fifth Consecutive Year of GDP Decline Expected
The drop in 2018 was also revised, and GDP is now estimated to have tumbled by 2.0% in that year, compared to the 1.2% previously calculated. Between 2015 and 2019, GDP declined 5.5% on a cumulative basis.
21 April 2020

Macau Government Reaffirms Commitment to Portuguese-Speaking Countries
The 2020 Lines of Government Action, the first presented under the new chief executive, Ho Iat Seng, essentially retain that central role and opens new avenues for their development, like a Renminbi-denominated stock market and e-commerce platforms.
20 April 2020

Angolan Exports to China Take a Hit
With the Coronavirus crisis and the slowdown in the Chinese economy in the first quarter of 2020, along with a drop in oil prices, Angolan exports to China have now taken a hit. 
16 April 2020

Mozambique the Exception Among Lusophone Africa Economies in the “Red”
Like the rest of the continent, macroeconomic forecasts for Lusophone African countries are now all “in the red” ⁠— with the exception of Mozambique.
15 April 2020

OPEC Deal Adds to Angola´s Woes
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries (OPEC+) means Angola should cut oil production to around 1.1 million barrels per day. And the announcement has not sustained oil prices in the international markets.
13 April 2020

Angolan President “rejuvenates” Government in the middle of economic crisis
Angolan president João Lourenço has decided to make changes in the Government and the Presidency, naming new ministers for Foreign Affairs and Defense. Some of the appointments are generating controversy, especially that of an MPLA leader accused for participating in a Thai-led scheme to embezzle state funds.
06 April 2020

Support grows for African countries’ call for urgent debt relief
The call is now growing from African Governments, with support from the United Nations and NGOs, for a debt relief package. Around one-fifth of Africa's debt pile is estimated to be owed to China. 
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