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06 July 2020

China´s Keda Industrial to build a ceramic factory in Mozambique
Chinese group Keda Industrial Co Ltd has received a loan from the International Finance Corporation, the World Bank's private sector body, which will be partially used to build a ceramic factory in Mozambique.

China´s Cofco International to Check Agro Buys from Brazil for Environmental Damage
Cofco International Ltd., the global trading arm of China’s biggest food company, vowed full traceability for all the soybeans it buys directly from farmers in Brazil by 2023.

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03 July 2020

Portugal´s Government takes Control of Efacec from Isabel do Santos and Looks for New Shareholder
The Portuguese government took control of a stake held by Angolan investor Isabel dos Santos in Efacec Power Solutions as it tries to help the manufacturer find a new shareholder, which could be a Chinese company.

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03 July 2020

Chinese Construction Companies to Resume Work in Angola
The Government of Angola has authorized the resumption of works in 13 priority and strategic projects in the Transport sector, including by  Chinese construction companies.

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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.

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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.

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01 July 2020

China Bans Exports from Brazilian Meat Plants
Four major Brazilian slaughterhouses have been suspended from exporting to China, due to concerns about Covid-19 cases among its workers.

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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.

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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.

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. 
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