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Angola
04 April 2023

Legal Update/Angola: Foreign exchange operations rules
Angola has updated legislation on foreign exchange operations, for individuals and banks, according to official legal database Legis-PALOP+TL.
Brazil
31 March 2023

Brazil and China central banks agree to boost yuan-real transactions
The central banks of Brazil (BC) and China (PBC) signed a memorandum of understanding to enable a financial instrument that allows transactions to be made in yuan, Chinese currency, and converted into reais in " faster and less costly way".
Mozambique
14 March 2023

Legal Update/Mozambique: Valuation Exchange Rate Regime
The Bank of Mozambique (BoM) has updated the the Valuation Exchange Rate Regime and the Exchange Rate Unicity Principle, according to official legal database Legis-PALOP+TL.
Angola
10 March 2023

Stock trading on Angolan stock exchange BODIVA “modest” after two bank IPOs
The Angolan stock market (BODIVA) saw the IPO of minority stakes in two Angolan banks in 2022, but stock trading is still "modest", according to Eaglestone Securities.
Brazil
02 March 2023

EDP launches EUR 1 billion capital increase to gain full control of EDP Brasil
EDP wants to buy the 44% of EDP Brasil that it does not control and to finance the offer it is preparing a capital increase of EUR 1 billion, 600 million of which will come from its largest shareholders, including the biggest, China Three Gorges.
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.
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