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G

22 March 2020

Group from China invests in production of electricity meters in Angola
Hengye Electronics Indústria, Ltda, a subsidiary of Chinese group Zheijian Hengye Electronics Co. Ltd, will invest around US$20 million in the construction of a factory to produce electricity meters in the Luanda-Bengo special economic zone (SEZ).

E

20 March 2020

EIU lowers Mozambique’s economic growth forecast for 2020
The Covid-19 outbreak led the Economist Intelligence Unit (EIU) to cut four-tenths of a percentage point, from 4.2% to 3.8%, Mozambique’s economy growth forecast for 2020, according to the latest report on the country.

C

19 March 2020

Covid-19 could cost African oil exporters USD 65 billion
The Covid-19 pandemic is taking a severe impact in the economies of China, Africa’s major trading partner, and also Europe and North America.

L

18 March 2020

Legal alert: Stricter bank regulations under new anti-money laundering law
Angola’s new law against money laundering, a long-time demand of the International Monetary Fund (IMF) and banking regulators, has finally come into force. Both financial and non-financial institutions are subject to stricter regulations, from now on.

S

17 March 2020

Sinohydro Corp builds a solar plant in Guinea-Bissau
China’s Sinohydro Corporation has been awarded the tender launched in 2019 to build a photovoltaic solar plant in Gardete, in Guinea-Bissau, with an installed capacity of 20 megawatts.

A

16 March 2020

Analysis: Angolan economy set for Covid-19 blow
The Covid-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. With its economy still reliant on oil exports, Angola's expectations to end a 4-year recession in 2020 are now fading away.

I

13 March 2020

Importance of trade with China exposes Mozambique to impact of Covid-19
The Bank of Mozambique conducted an assessment of potential damages to Mozambique economy of the impact of COVID-19, and the prospects are worrisome.

L

11 March 2020

Legal Flash: Timor-Leste amends Petroleum Activities Law
Timor-Leste's revised Law on Petroleum Activities has just been published. It amends 15-year old legislation regulating an economic activity that is the country´s main source of income. The awarding of exploration under a new licensing round is expected.

B

11 March 2020

Business opportunities in Cabo Verde
With its economy expected to grow above 5% this year, Cabo Verde is generating multiple business opportunities. CLBrief presents three of the most recent, in construction and agriculture.

F

10 March 2020

Fitch Ratings lowers risk rating for Angola to  “B-“
Fitch Ratings has lowered its risk rating on Angola to "B-", reflecting the impact of lower oil production and prices and the consequent devaluation of the national currency, the kwanza.
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