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Mozambique
01 March 2023
Legal Update/Mozambique: Framework for bank accounts provided by credit institutions
Mozambique has changed the legal framework for bank accounts provided by credit institutions, according to official legal database Legis-PALOP+TL.
China
28 February 2023
Millennium bcp reports 51% rise in net income to EUR 207.5 million
Millennium bcp, whose biggest shareholder is China´s Fosun, reported 51% rise in net income in 2022, to EUR 207.5 million.
Angola
23 February 2023
Legal Update/Angola: Bank accounts rules for financial institutions
Angola has revised the rules for Banking Financial Institutions, when opening, maintaining, operating and closing bank accounts, according to official legal database Legis-PALOP+TL.
Mozambique
20 February 2023
Mozambique GDP growth to accelerate in 2023-25
Mozambique´s GDP growth is set to accelerate in 2023-25, with the economy´s post-pandemic recovery gaining momentum and benefiting from the start of off-shore natural gas production, according to Eaglestone Securities.
Mozambique
16 February 2023
Legal Update/Mozambique: Value Added Tax Code
Mozambique has reviewed its Value Added Tax (VAT) Code, establishing new exemptions for exchanges of goods and services, according to official legal database Legis-PALOP+TL.
Brazil
13 February 2023
China’s central bank sets up yuan clearing arrangements in Brazil
China's central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, in a move to help boost the currency's global clout.
Angola
10 February 2023
New European battery plant for EVs lead Belt and Road investment to highest level since 2019
China’s investment in the countries along the Belt and Road rose to the highest since 2019, with much of that increase due to a new battery plant for electric vehicles, according to a report from Fudan University in Shanghai.
Brazil
19 January 2023
Brazilian fintech backed by China’s Tencent gets USD 150 million loan to expand in Latin America
Nubank, the Brazilian fintech backed by China’s Tencent Holdings, secured a loan of up to USD 150 million from the International Finance Corp, the private lending arm of the World Bank, to grow its business in Latin America.
Portugal
18 January 2023
EDP goes ahead with EUR 1 billion debt offering
Portuguese energy group EDP, whose biggest shareholder is China Three Gorges, is going ahead with a EUR 1 billion debt offering.
Angola
12 January 2023
Angola to keep ‘significantly reducing’ public debt ratios in 2023
Angola´s public debt ratios have fallen significantly in 2021-22 and will keep falling in 2023, while the economy wil grow above 3%, according to Eaglestone Securities.
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