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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.

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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.

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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%).

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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.

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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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28 December 2019

Establishment of Forum Macau has allowed for exponential growth of trade between the member countries
Xu Yingzhen said Forum Macau would continue to support the construction of Macau as a platform that aims to integrate it in the context of national development.

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19 December 2019

China awaits Mozambican LNG
Both of Mozambique’s giant onshore LNG projects have taken big steps towards development. One has completed its purchase of a large stake in Mozambique LNG, while the other project moves closer to its ambition of overseeing the commercial development of gas reserves in the Rovuma Basin.

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17 December 2019

Portugal resists US pressure to put Huawei offside
Portugal is the latest in a string of countries that the US has pushed to not partner with Chinese tech company Huawei for next-generation 5G networks. But Portugal, a NATO ally, refuses to put Huawei offside.

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13 December 2019

Conflicts start to weigh on Mozambique’s economy
The Mozambican economy has continued to lose steam during the year, owing to the fall in commodities prices in international markets. Conflicts in the north also weigh heavily on business activity, bringing up inflation, an effect that is expected to carry into 2020.

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12 December 2019

Macau economy expected to post growth of 5.2% in 2019, EIU says
Macau’s economy will contract at a rate of 5.2% in 2019, according to the latest forecasts from the Economist Intelligence Unit (EIU), which refer to 2021 as the year in which the territory will return to positive growth rates.
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