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China
15 May 2020

Portugal´s EDP pays China Three Gorges EUR 150 million in dividends
EDP, Portugal´s larget utility, is paying since Thursday EUR 695 million in dividends to its shareholders. A a fifth of the total, around EUR 150 million, will go to China Three Gorges (CTG), the largest shareholder, according to EDP.
Mozambique
14 May 2020

Mozambique´s economy to contract 2.4% in 2020 due to pandemic
With the coronavirus pandemic weighing on economic activity, the Economist Intelligence Unit (EIU) now expects the economy of Mozambique to contract by 2.4% in 2020. According to the EIU, the economy will pick up in 2021, growing by 2% as the agriculture sector rebounds.
Angola
05 May 2020

Chinese Oil Imports From Angola Fall 19% in 1Q
Chinese oil imports from Angola fell nearly 19% in the first quarter of the year, while increasing from Russia and Saudi Arabia, the country´s 2 main suppliers. The reduction of Angola´s exports is putting pressure on its trade balance of goods, according to data from the national bank.
Angola
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).
Angola
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".
China
23 April 2020

Russia and Saudi Arabia top Belt and Road Investments – Refinitiv BRI Database
According to Refinitiv, providers of financial markets data and infrastructure, there is currently $3.16 trillion worth of active BRI projects that will require billions of dollars of financing, from Chinese State-Owned Entreprises (SOEs), but also from other countries.
Cabo Verde
23 April 2020

Business Opportunity: Renewable Energies in Cabo Verde
The government of Cabo Verde,  in partnership with Luxembourg cooperation, has launched a public tender for the selection of a company in order to acquire and install a photovoltaic system in Achada-Malva (Fogo Island).
Angola
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.
China
08 April 2020

China’s CNPC Natural Gas Project in Mozambique Delayed
The final investment decision for the Rovuma LNG natural gas project, in Mozambique, which was scheduled for this year, has been postponed, announced US group ExxonMobil, that partners with China National Petroleum Corporation (CNPC) for the project. The decision is part of the measures to respond to the economic consequences of the Covid-19 pandemic.
Angola
01 April 2020

Covid-19 Halts Angola’s Main Diamond Mine and New Soyo Oil Refinery Tender
Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus. For the same reason, the Ministry of Mineral Resources and Oil postponed the selection of the proposal in the international public tender for the construction of an oil refinery in Soyo, Zaire province.
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