03 December 2018
The South Atlantic Cable System (SACS) was completed in September, making it the first fibre submarine cable between Africa and the Americas. Running from Fortaleza in north-eastern Brazil to Sangano in Angola it should encourage the Angolan government to press ahead with the reform of its own telecoms sector, which remains underdeveloped in comparison with most other countries in Sub-Saharan Africa.
28 November 2018
Chinese company Sinopec could take a stake in Portuguese oil company Galp Energia and is one of two major international oil firms interested, according to the weekly Jornal Economico. Angolan oil company Sonangol is considering a sale of its stake in Galp Energia, and Sinopec is reported to be among the strongest suitors for the acquisition.
27 November 2018
After years of delay and deliberation, Mozambique’s liquefied natural gas (LNG) industry finally looks set to take off. Consortia led by Anadarko and Eni are investing tens of billions of US dollars in liquefaction, while the involvement of China National Oil and Gas Exploration and Development Corporation (CNODC) and China National Petroleum Company (CNPC) highlights the fact that China will be one of the main customers.
22 November 2018
The MLSTP-PSD (Movimento de Libertação de São Tomé e Príncipe- Partido Social Democrata) , the independence party of São Tomé and Príncipe with close ties to the Communist Party of China, is set to form the country’s new government. That will bring an end to the four-year rule of Patrice Trovoada.
08 November 2018
07 November 2018
The government of Portugal wants to access a US$1-billion Chinese fund for co-operation projects in Portuguese-speaking countries based in Macao since 2017. It is also preparing to nominate a new permanent representative to the Forum Macao.
01 November 2018
A few weeks after a micro-finance legal framework came into force, São Tomé and Príncipe is about to update its national payment system and impose new rules on the banking sector. It will give new powers to the country´s central bank.