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China
01 April 2020
Lusophone Africa geared up for Coronavirus with donations from Jack Ma
In Africa, Jack Ma and the Alibaba Foundation have taken center stage in supplying medical masks, Covid-19 tests and other protective kit to countries with fragile health systems. Just a few days after the gear arrived in Ethiopia for redistribution in the continent, all lusophone countries were stocked up.
27 March 2020
Angolan shipyard partners with Chinese companies to build fishing vessels
Sociedade de Pescas de Kwanza Sul (Sopesul) in Angola plans to increase construction of semi-industrial fishing vessels from wood, to minimise the costs related to imports, with partners from China.
26 March 2020
José de Mello Group takes on loan from Bank of China
Portuguese healthcare group José de Mello Saúde, which owns the private CUF hospitals and clinics has signed a financing agreement with the Bank of China in the amount of €33 million.
28 February 2020
State financial incentives for creation of São Vicente Special Maritime Economic Zone
The Cape Verdean government's law creating the Special Maritime Economic Zone on São Vincente (ZEEMSV) has passed through parliament and the project, supported by China, is expected to begin implementation soon.
26 February 2020
China finances modernisation and expansion of the international airport of São Tomé and Príncipe
The modernisation and expansion funding for the international airport of São Tomé and Príncipe will be provided by China under an agreement signed on Friday in São Tomé.
19 February 2020
China International Fund continues to unravel in Angola
China International Fund (CIF) was synonymous with large-scale Chinese investment in Angolan housing, roads and railways prior to Sam Pa's 2015 arrest. Under the new administration of President João Lourenço, since 2017, the CIF “empire” has unravelled.
28 January 2020
Brazilian solar attracts Chinese investors
Chinese companies like JinkoSolar and BYD are rapidly increasing their solar module manufacturing capacity in Brazil, despite the anti-environmental stance of President Jair Bolsonaro, with a range of Brazilian state organisations and regulators supporting the renewable energy boom that looks set to revolutionise power production in South America’s biggest country.
15 January 2020
São Toméan and Chinese governments leave São Tomé port project to private sector
After two years of negotiations, the project’s cost appears to have dropped, from an initial US$800 million to that figure as the high end, with sources linked to the project estimating a cost of US$500–800 million.
17 December 2019
Portugal resists US pressure to put Huawei offside
Portugal is the latest in a string of countries that the US has pushed to not partner with Chinese tech company Huawei for next-generation 5G networks. But Portugal, a NATO ally, refuses to put Huawei offside.
28 November 2019
China’s Exim Bank partners with Morocco’s Attijariwafa Bank for African expansion
A new partnership agreement between China's Exim Bank and Attijariwafa Bank from Morocco, is set to align two key financial institutions in both countries in the common goal of boosting business ties and their economic presence in Africa.
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