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Brazil
02 July 2020

XCMG Group´s Bank in Brazil Aims to Support Chinese Businesses
XCMG Brasil Group launched on 01 July its banking operations in Brazil, which will support its own business and that of other Chinese companies in the South American country, according to one its top executives.
Angola
02 July 2020

Angola and Cabo Verde Among African Countries With High Risk of Debt Distress – Fitch Ratings
Angola and Cabo Verde are among a group of African countries considered by Fitch Ratings as being at high risk of debt distress, in the current economic crisis context. Mozambique is already in default.
Macao
30 June 2020

Greater Bay Area Common Wealth Management Scheme Launched
Bank of China and the Monetary Authorities of Hong Kong and Macao have announced the Launch of a Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area.
Angola
30 June 2020

IMF Forecasts Recession in All Portuguese-Speaking Countries Except Mozambique
The International Monetary Fund (IMF) expects a recession in all African Portuguese Speaking Countries (PSC) in 2020, with the exception of Mozambique.
Angola
30 June 2020

IMF Awaiting China-Angola Debt Deal
China and Angola are close to a deal on debt relief for the African country, which could involve a moratorium on payments. The International Monetary Fund (IMF), which has a financing program to Angola ongoing, is waiting for a deal. 
Mozambique
26 June 2020

Mozambique and São Tomé e Príncipe get African Development Fund Grants
The African Development Fund (ADF) approved this week nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries, including Mozambique.
Angola
25 June 2020

Angola and Mozambique Among Countries to Benefit from China’s Debt Relief
China’s debt relief efforts have the potential to add support to a number of emerging markets (EMs) under pressure from the coronavirus pandemic-related shock, says Fitch Ratings. Angola and Mozambique are among countries to benefit.
China
23 June 2020

Human Rights and Trade Issues Cast Shadow on China-EU Relations
The 22nd European Union-China bilateral Summit, on 22 June 2020, was rocked by disagreement between the two powers on human rights issues and also the european demand of a "level playing field" on trade.
Angola
22 June 2020

Angolan Privatisations and Economic Diversification Efforts Hurt by Pandemic – EIU
The Angolan Government´s ongoing drive to privatise dozens of companies and attract foreign investment to free zones will be hampered by the global economic downturn caused by the Covid-19 pandemic.
Angola
19 June 2020

African Economic Growth to Stagnate in 2020, in “Optimistic” Scenario – UN
The United Nations Economic Commission for Africa (UNECA) has revised from 3.2% to 0% its growth forecast for the continent this year. T
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