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Mozambique
06 July 2020

Total and Mitsui Complete 15.8 billion Financing for Mozambique LNG Project – Government

The Mozambique LNG project, headed by Total and Mitsui, has ensured financing worth USD 15.8 billion that was pending for the construction of infrastructure in the Mozambican province of Cabo Delgado. 
Brazil
02 July 2020

XCMG Group´s Bank in Brazil Aims to Support Chinese Businesses

XCMG Brasil Group launched on 01 July its banking operations in Brazil, which will support its own business and that of other Chinese companies in the South American country, according to one its top executives.
Angola
02 July 2020

Angola and Cabo Verde Among African Countries With High Risk of Debt Distress – Fitch Ratings

Angola and Cabo Verde are among a group of African countries considered by Fitch Ratings as being at high risk of debt distress, in the current economic crisis context. Mozambique is already in default.
Macao
30 June 2020

Greater Bay Area Common Wealth Management Scheme Launched

Bank of China and the Monetary Authorities of Hong Kong and Macao have announced the Launch of a Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area.
Angola
30 June 2020

IMF Forecasts Recession in All Portuguese-Speaking Countries Except Mozambique

The International Monetary Fund (IMF) expects a recession in all African Portuguese Speaking Countries (PSC) in 2020, with the exception of Mozambique.
Angola
30 June 2020

IMF Awaiting China-Angola Debt Deal

China and Angola are close to a deal on debt relief for the African country, which could involve a moratorium on payments. The International Monetary Fund (IMF), which has a financing program to Angola ongoing, is waiting for a deal. 
Mozambique
26 June 2020

Mozambique and São Tomé e Príncipe get African Development Fund Grants

The African Development Fund (ADF) approved this week nearly $8.9 million in grant funding to bolster COVID-19-related control measures in six Southern African Development Community (SADC) countries, including Mozambique.
Angola
25 June 2020

Angola and Mozambique Among Countries to Benefit from China’s Debt Relief

China’s debt relief efforts have the potential to add support to a number of emerging markets (EMs) under pressure from the coronavirus pandemic-related shock, says Fitch Ratings. Angola and Mozambique are among countries to benefit.
China
23 June 2020

Human Rights and Trade Issues Cast Shadow on China-EU Relations

The 22nd European Union-China bilateral Summit, on 22 June 2020, was rocked by disagreement between the two powers on human rights issues and also the european demand of a "level playing field" on trade.
Angola
22 June 2020

Angolan Privatisations and Economic Diversification Efforts Hurt by Pandemic – EIU

The Angolan Government´s ongoing drive to privatise dozens of companies and attract foreign investment to free zones will be hampered by the global economic downturn caused by the Covid-19 pandemic.
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