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26 February 2020

Chinese ambassador in Luanda defends Chinese cooperation model from US criticism
With the US-China rivalry in African business reaching new heights, Angola has found itself at the centre of the economic diplomacy dispute.

China finances modernisation and expansion of the international airport of São Tomé and Príncipe
The modernisation and expansion funding for the international airport of São Tomé and Príncipe will be provided by China under an agreement signed on Friday in São Tomé.

China International Fund continues to unravel in Angola
China International Fund (CIF) was synonymous with large-scale Chinese investment in Angolan housing, roads and railways prior to Sam Pa's 2015 arrest. Under the new administration of President João Lourenço, since 2017, the CIF “empire” has unravelled.

China strengthens its position as the largest bilateral creditor of Mozambique
China continues to strengthen its position as the largest bilateral creditor of Mozambique and is expected to continue as such in the coming years, due to new credits being negotiated by the governments of the two countries, according to official figures.

Coronavirus “contagion” for the Angolan economy
Despite substantial reforms to attract investment, which have already reflected in an improvement in the global corruption perception index, the Angolan economy is still in negative territory. Heavy reliance on oil exports means Angola’s GDP is highly exposed to “contagion” from the effects of the coronavirus crisis in China.

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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.

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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.

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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.

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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.

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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.
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