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C

06 June 2019

Chinese timber and fishing in Africa

Despite efforts to counter both trades, illegal timber and fishing operations are continuing to erode Mozambique’s forests and fish populations.

E

05 June 2019

Equatorial Guinea into China’s “arms”

Equatorial Guinea signs a Belt and Road Initiative MoU with the Chinese government and pledges adherence to the initiative.

S

29 May 2019

Sonangol runs out of fuel

For a country eagerly promoting itself abroad as an investment destination, Angola suffered a significant embarrassment with a disruption of fuel supply in the beginning of May.

C

28 May 2019

Cabo Verde revamps air and maritime transport

Air and maritime transports have long been identified as a major bottleneck for economic growth and development of Cabo Verde. Flying to Lisbon, Portugal, is often cheaper than flying between islands, and moving goods internally is also expensive for local companies. A revamp of air and maritime transports, a priority for the local Government, is finally taking form, but with mixed prospects.

D

24 May 2019

Debt woe continues for Mozambique

The government of Mozambique is battling to bring its debt under control. Government debt as a proportion of GDP reached 110.5% at the end of 2018, up from a low of 37.5% in 2011 thanks to long-running debt relief. However, Maputo is engaging with the IMF and has pledged to put its house in order .

David Chow’s Macau Legend Development downsizing Cabo Verde casino-resort project

Initially estimated at USD 250 million, David Chow's Macau Legend Development casino-resort project in Cabo Verde was well received when it was first presented in 2015.

Dili takes control of Greater Sunrise

In April, the government of Timor-Leste completed the purchase of the 30% and 26.56% stakes held in the Greater Sunrise gas and condensate scheme held by ConocoPhillips and Shell respectively.

T

15 May 2019

Total to gain Mozambique LNG through Anadarko deal

A new operator is expected to take control of one of Mozambique’s biggest gas projects, after the board of Anadarko Petroleum decided to accept a takeover bid of US$56 billion from Occidental Petroleum.

Timor-Leste bets on SMEs to diversify its economy

Facing a slump in its economic engine - oil production - Timor-Leste is also in urgent need to diversify its economy and generate jobs for the country’s youth, and is betting on small and medium enterprises to assist.

P

01 May 2019

Portugal’s underwhelming presence at the 2nd Belt and Road Forum

Last week, Portugal was widely expected to be the highlighted country at the 2nd Belt and Road Forum held in Beijing, but instead it was Mozambique and Equatorial Guinea that took center stage.
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