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Angola
26 March 2020

Pick-up in Chinese demand keeps Angolan rare earths mining project on track

After having confirmed an investment by the Angolan Sovereign Wealth Fund, Pensana Rare Earths, the main investor, says a recent pick-up in Chinese demand ensure the project will not lose momentum.
Brazil
26 March 2020

Vale group removes Brazilian workers from Mozambique

As the Covid-19 pandemic reaches Mozambique, Vale decides to repatriate expatriates working at its Moatize coal mine, one of Mozambique's major exporters.
Mozambique
24 March 2020

ExxonMobil postpones final decision on investment in gas project in Mozambique

The ExxonMobil group is expected to postpone approval of its natural gas project in the Rovuma basin, northern Mozambique, due to the effects of the new coronavirus and the current scenario on international markets, the Reuters news agency reported citing a variety of sources.
Cabo Verde
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.
Uncategorized
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).
Guinea-Bissau
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.
Timor-Leste
11 March 2020

Legal Flash: Timor-Leste amends Petroleum Activities Law

Timor-Leste's revised Law on Petroleum Activities has just been published. It amends 15-year old legislation regulating an economic activity that is the country´s main source of income. The awarding of exploration under a new licensing round is expected.
Angola
10 March 2020

Puma Energy and Angolan general go separate ways

Cochan Holdings, an investment vehicle founded by influential Angolan General Leopoldino do Nascimento (‘General Dino’), is leaving the capital of Singapore-based oil trading company Puma Energy Holdings Pte Ltd.
Mozambique
17 October 2019

Russia to the rescue for Mozambican government in LNG projects

As LNG projects in the north of Mozambique progress, the government faces two major hurdles: financially, to find capital for its share of the investment needed to develop the Rovuma basin world-class natural gas reserves, which could top US$1 billion; militarily, to ensure safety in Cabo Delgado province from Islamist insurgents. In both instances, Russia has come to the rescue.
China
08 October 2019

Celebration but economic fears for Timor-Leste

On 30 August, Timor-Leste celebrated the 20th anniversary of the referendum that eventually led to independence from Indonesia in 2002. Despite the national pride generated by the occasion, the country is still struggling to stabilise the economy and reduce poverty levels.
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