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26 March 2020

Pick-up in Chinese demand keeps Angolan rare earths mining project on track
After having confirmed an investment by the Angolan Sovereign Wealth Fund, Pensana Rare Earths, the main investor, says a recent pick-up in Chinese demand ensure the project will not lose momentum.

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26 March 2020

Syrah Resources suspends work at factory in USA but keeps operating in Mozambique
Syrah Resources has suspended work at its Vidalia factory, in the United States, following the “stay at home” order announced by the governor of Louisiana on 22 March, in order to reduce the spread of the new coronavirus, the company reported.

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26 March 2020

José de Mello Group takes on loan from Bank of China
Portuguese healthcare group José de Mello Saúde, which owns the private CUF hospitals and clinics has signed a financing agreement with the Bank of China in the amount of €33 million.

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26 March 2020

Vale group removes Brazilian workers from Mozambique
As the Covid-19 pandemic reaches Mozambique, Vale decides to repatriate expatriates working at its Moatize coal mine, one of Mozambique's major exporters.

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24 March 2020

ExxonMobil postpones final decision on investment in gas project in Mozambique
The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.

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24 March 2020

African countries face Covid-19 in debt crisis, study warns
As the impact of the Covid-19 economic crisis begins to be felt in Africa, many poor countries are already suffering from a debt crisis, a research study by the Jubilee Debt Campaign (JDC) shows.

Angola’s former “princess” has her net worth halved by Forbes
Long known as Angola's “princess” for being the former president's billionaire and all-powerful daughter, Isabel dos Santos is facing a steep fall from grace.

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23 March 2020

Cabo Verde expecting “strong recession” in the wake of Covid-19
The Covid-19 pandemic has led airlines to cancel flights all over the world, while Governments have shut down borders to prevent importing cases.

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23 March 2020

Mozambique responds to Covid-19 with tough restrictions and pumping money into the banking system
Mozambique confirmed on Sunday it´s first Covid-19 case, after the Government announced tough new restrictions to stem the pandemia´s propagation in the country.

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23 March 2020

Equatorial Guinea Strengthens Ties With São Tomé and Príncipe and Cabo Verde
Equatorial Guinea, the most recent member of the community of Portuguese countries (CPLP), and with close ties to China, continues to strengthen its ties with lusophone countries.
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