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06 February 2020

Added costs for LNG projects in Mozambique, as security worsens
Despite multiple attempts by the Mozambique government to defeat the Islamist insurgency in Cabo Delgado province, security conditions have continued to worsen, with ISIS now claiming to have inflicted casualties among the military and seized armoured vehicles.

N

31 January 2020

New boost to Chinese-supported SEZ expected in Cabo Verde
Paulo Veiga, Cabo Verde's new minister of Maritime Economy, established on the island of São Vicente in 2018, is expected to bring new momentum and create a new economic growth engine with the Chinese-supported Special Economic Zone (SEZ) as the signature project for the sector.

B

28 January 2020

Brazilian solar attracts Chinese investors
Chinese companies like JinkoSolar and BYD are rapidly increasing their solar module manufacturing capacity in Brazil, despite the anti-environmental stance of President Jair Bolsonaro, with a range of Brazilian state organisations and regulators supporting the renewable energy boom that looks set to revolutionise power production in South America’s biggest country.

M

23 January 2020

Mozambique debt restructuring improves investors mood
Economy and Finance Minister Adriano Maleiane remains in office and will likely carry on with restructuring the country’s debt, particularly the US$2 billion ‘hidden debt’ deemed unconstitutional and illegal under Mozambique law.

S

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.

I

14 January 2020

Is this peak oil for Brazil?
Production is higher than ever but the latest of Brazil's oil licensing round attracted very little interest from the foreign firms, suggesting that the boom may be short-lived, unless either the government improves the investment regime or international oil prices rise substantially.

J

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.

O

02 January 2020

Outlook for Angola worsens
In its latest evaluation of the Angolan economy, the IMF points to a deteriorating economic scenario expecting the economy to fall by 1.1% in 2019, due to a further decrease in the oil economy (-5.0%), not compensated by the largely stagnant non-oil economy (+0.6%).

C

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.

2

28 December 2019

2020 brings new VAT tax to São Tomé
According to the new VAT (IVA) tax code, a tax of 15% to be introduced 1 March 2020 will apply to transactions of goods and services in the national territory, by taxable persons, as well as imports of goods.
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