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23 April 2020

Angola Economic Update: Fifth Consecutive Year of GDP Decline Expected
The drop in 2018 was also revised, and GDP is now estimated to have tumbled by 2.0% in that year, compared to the 1.2% previously calculated. Between 2015 and 2019, GDP declined 5.5% on a cumulative basis.

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23 April 2020

Business Opportunity: Renewable Energies in Cabo Verde
The government of Cabo Verde,  in partnership with Luxembourg cooperation, has launched a public tender for the selection of a company in order to acquire and install a photovoltaic system in Achada-Malva (Fogo Island).

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21 April 2020

Macau Government Reaffirms Commitment to Portuguese-Speaking Countries
The 2020 Lines of Government Action, the first presented under the new chief executive, Ho Iat Seng, essentially retain that central role and opens new avenues for their development, like a Renminbi-denominated stock market and e-commerce platforms.

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21 April 2020

State-Supported Bailout of Portuguese Airline TAP Could Have Chinese Funding
The Portuguese Government considers nationalising the company, where it already has half of the capital, but its private shareholders are pushing for a cash infusion, from a financial consortium which could have Chinese capital.

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20 April 2020

Angolan Exports to China Take a Hit
With the Coronavirus crisis and the slowdown in the Chinese economy in the first quarter of 2020, along with a drop in oil prices, Angolan exports to China have now taken a hit. 

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16 April 2020

Mozambique the Exception Among Lusophone Africa Economies in the “Red”
Like the rest of the continent, macroeconomic forecasts for Lusophone African countries are now all “in the red” ⁠— with the exception of Mozambique.

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15 April 2020

COVID-19 Postpones Delivery of Airport Built by China in Mozambique
Chongoene airport, to be built in Gaza province, southern Mozambique, by China Aviation International Construction and Investment Co Ltd , is expected to be completed six months later than planned.

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15 April 2020

OPEC Deal Adds to Angola´s Woes
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries (OPEC+) means Angola should cut oil production to around 1.1 million barrels per day. And the announcement has not sustained oil prices in the international markets.

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14 April 2020

Tempers rise over treatment of africans in China
In a letter sent on 10th April to the Chinese MFA and the International Department of the Communist Party of China, the African Group of Ambassadors in Beijing “strongly protests” the “ongoing forceful testing and quarantine and maltreatment of African Nationals in China and in Guangdong Province in particular”.

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13 April 2020

Angolan President “rejuvenates” Government in the middle of economic crisis
Angolan president João Lourenço has decided to make changes in the Government and the Presidency, naming new ministers for Foreign Affairs and Defense. Some of the appointments are generating controversy, especially that of an MPLA leader accused for participating in a Thai-led scheme to embezzle state funds.
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