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Angola
17 September 2020

Angola Gets Additional USD 1.765 Billion from IMF
Angola is to get an additional USD 1.765 billion from the International Monetary Fund (IMF), to assist in dealing with economic and health crises, compounded by the decline in oil prices due to the country´s dependence on oil exports.
Mozambique
14 September 2020

Mozambique´s GDP to Fall 3.8% in 2020 – Economist Intelligence Unit
Mozambique´s GDP should fall 3.8% in 2020, owing to the impact of the Covid-19 pandemic, according to the Economist Intelligence Unit (EIU), which has revised the forecast upwards.
Angola
02 September 2020

Angola to Benefit From Debt Service Suspension Initiative
The Paris Club Creditor Countries have deemed Angola eligible for a suspension of debt service due from 1st May to 31st December 2020, under the Debt service suspension Initiative (DSSI) also endorsed by the G20.
Angola
24 August 2020

Drop in Exports and Investment sink Angolan Currency – EIU
The Angolan currency will sink more than expected in 2020, because of the drop in the country´s export revenue and investment inflows, adding to the unravelling of the International Monetary Fund´s program, according to the Economist Intelligence Unit (EIU).
Mozambique
17 August 2020

Mozambique Set for 4.4% GDP Drop in 2020 and “Modest” Recovery Next Year – EIU
The impact of the Covid-19 pandemic will "weigh heavily" on Mozambique´s economy, with real GDP contracting by 4.4% in 2020, before recovering slowly to a growth of 1% in 2021, according to the Economist Intelligence Unit (EIU).
China
13 August 2020

China Three Gorges Increases Stake in Portugal´s EDP
China Three Gorges (CTG) increased to 21,55% its stake in EDP, Portugal´s leading energy company, where it is already the largest shareholder. 
Angola
13 August 2020

Economic Commission for Africa Urges China to Support Debt Relief
The UN Economic Commission for Africa (ECA) is urging China to participate in the G20 Debt Service Suspension Initiative (DSSI), so African governments have fiscal space to effectively respond to the COVID-19 emergency.
China
24 July 2020

U.S. Export-Import Bank Vows to Take Over China in Africa
After approving its biggest loan yet in sub-Saharan Africa, for Mozambique´s Natural Gas projects, the Export-Import Bank of the U.S., plans to compete more aggressively with China on the continent, in sectors like energy and telecoms.
Brazil
15 July 2020

Creation of BRICS Bank Regional Office in Brazil Approved
The New Development Bank´s (also known as "BRICS Bank") regional office for the Americas, based in the city of São Paulo, has been approved by Brazilian lawmakers.
Angola
08 July 2020

Angola and Mozambique Fiscally “Vulnerable” – Fitch Ratings
The global economic downturn has caught Angola and Mozambique very exposed and fiscally "vulnerable", according to Fitch Ratings.
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