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Development
15 January 2020
São Toméan and Chinese governments leave São Tomé port project to private sector
After two years of negotiations, the project’s cost appears to have dropped, from an initial US$800 million to that figure as the high end, with sources linked to the project estimating a cost of US$500–800 million.
Development
09 January 2020
Japan pushes forward with agricultural project despite continued embarrassment
Japan’s ProSavana in northern Mozambique has come under increased scrutiny, but they are still pushing forward with the Nacala Economic Corridor Development Programme.
Development
31 December 2019
CHEC starts work on Timorese port
Work has begun on building the new deepwater port of Tibar in Timor-Leste. China Harbor Engineering Company (CHEC) is developing the US$490 million project, which will be operated by French firm Bolloré.
Development
11 December 2019
New rules for public-private partnerships in Angola
Investment promotion is central to Angola’s efforts to boost economic growth after three years of recession. The solution may be public-private partnerships, which now have established guidelines.
Development
06 November 2019
Mozambique economic growth hurt by international trade tensions
Current international trade disputes, most notably between the US and China, are slowing global growth. With the price of commodities also on a downturn, economy’s like Mozambique’s, heavily dependent on such efforts, are already taking a hit.
Development
10 October 2019
Cabo Verde is one of West Africa’s most attractive tourist markets
Cabo Verde is among the most attractive tourist markets in West Africa at a time when the continent is increasingly attracting tourism investment, according to an assessment released by Hospitality and Tourism International Consulting.
Development
02 October 2019
Chinese Construction Companies Set Sights on Portugal
The good momentum of the Portuguese real estate market continues to attract more and more investors. Chinese construction companies are showing interest in partnering with, or even acquiring, Portuguese counterparts.
Development
24 June 2019
Angola begins nationalisation of assets acquired with public funds
After months of investigations into the acquisitions, made by members of the political and military elite over the last few years, of assets from the state or using state funds, Angola has finally kicked off a nationalisation process that is set to agitate political and business circles.
Development
10 May 2019
Timor-Leste bets on SMEs to diversify its economy
Facing a slump in its economic engine - oil production - Timor-Leste is also in urgent need to diversify its economy and generate jobs for the country’s youth, and is betting on small and medium enterprises to assist.
Development
24 April 2019
Ho Iat Seng almost certain to be next Chief Executive of Macau
The Standing Committee of the National People’s Congress (NPC) in Beijing approve a request by Macau Legislative Assembly (AL) President Ho Iat Seng to resign from the nation’s top legislature clearing the way for his bid for chief executive of the Macau Special Administrative Region (MSAR).
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