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C

27 June 2019

Companies turn to the waters of São Tomé and Príncipe
Oil production is a decades-old dream for São Tomé and Príncipe, especially for its cash-starved government and new developments in the country’s Exclusive Economic Zone (EEZ), which neighbour those of important oil-producing countries like Equatorial Guinea and Gabon, have made major oil companies look twice.

A

24 June 2019

Angola begins nationalisation of assets acquired with public funds
After months of investigations into the acquisitions, made by members of the political and military elite over the last few years, of assets from the state or using state funds, Angola has finally kicked off a nationalisation process that is set to agitate political and business circles.

Anadarko gives the green light to Mozambique LNG
U.S. firm Anadarko has taken the final investment decision on the Area 1 Mozambique LNG project, with first gas expected in 2023.

C

17 June 2019

Cloud computing from Macao arriving in Cabo Verde
Macao-based tech company Bringbuys Web Technology is taking firm strides to establish itself in the archipelago, which has ambitious plans for e-governance.

H

11 June 2019

Huge ambition for Mozambican power
The government of Mozambique has set a very ambitious goal of achieving universal electrification by 2030, up from a rate of just 28% at present.

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 .
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