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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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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).

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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.

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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.

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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.

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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.
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