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Angola
13 November 2020

Angola Opens USD 16 Million Diplomatic Academy Financed by China

Angola´s new Venâncio de Moura Diplomatic Academy, built with financing from China worth around USD 16 million, was opened by the country´s President, as part of the official independence celebrations.
China
11 November 2020

Mozambique Not in China ‘Debt Trap’, Says Chinese Ambassador

A recent study by the Centre for Public Integrity (CPI) in Mozambique claiming the African country has fallen into a 'debt trap' due to its high indebtness to China, has now been rebutted by the Chinese ambassador and an academic.
Macao
11 November 2020

BNU Pledges “Vigorous Cooperation” for Development of Greater Bay Area

Banco Nacional Ultramarino (BNU), part of Portugal´s State-owned Caixa Geral de Depósitos (CGD) group, has pledged to "cooperate vigorously" in the development of China´s 'Belt and Road' and 'Guangdong-Hong Kong-Macau Greater Bay Area' projects.
Brazil
16 October 2020

Mozambique Awaiting China to Answer Call for Debt Relief

Mozambique is awaiting an answer from China regarding a debt relief request, on a total debt load worth 1.3 billion, the African country´s Economy and Finance Minister, Adriano Maleiane, has revealed.
China
14 October 2020

Bison Bank´s Portugal Unit Open to New Strategic Partners

Hong Kong´s Bison Bank  is open to new "strategic partners" in its investment bank in Portugal, where it has already invested EUR 5.7 million euros of a EUR 19 million capital increase mandated by the central bank.
Angola
13 October 2020

Angola Joins Calls for Extension to 2021 of G-20 Debt Service Suspension Initiative

Angola is joining other African nations in calling for an extension to 2021 of the G-20 Initiative for Suspending Debt Service (DSSI), due to the economic and financial crisis caused by the Covid-19 pandemic. 
Angola
12 October 2020

Analysis: China and Africa in the Age of Covid-19

Yes, the new age of China-Africa relations will be made of painstaking debt talks. But China´s capital in Africa - both financial and diplomatic - is unrivaled.
China
09 October 2020

BNU and Bank of China to Remain as Macao Bank Notes Issuers Until 2030

Bank of China, Limited and Banco Nacional Ultramarino, S.A., will remain, until 2030, the issuers of Macao currency, under new agency contracts for the issuance of banknotes, signed today.
Angola
29 September 2020

Angola Expected to Get Financial Relief From China

Having obtained financial relief from G20 countries, Angola should also have similar support from China, in light of its difficulties in dealing with official debtload as the economy heads downwards, the Economist Intelligence Unit (EIU) says.
Angola
21 September 2020

Angola’s Debt to China Estimated at USD 20.1 billion

Angola's debt to China is estimated at USD 20.1 billion, and is the country's largest creditor, said Finance Minister Vera Daves Friday.
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