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Angola
19 June 2020
African Economic Growth to Stagnate in 2020, in “Optimistic” Scenario – UN
The United Nations Economic Commission for Africa (UNECA) has revised from 3.2% to 0% its growth forecast for the continent this year. T
Angola
18 June 2020
China Commits to Assisting African Countries Financially During Pandemic
China will waive some African nations’ debt and is willing to provide further support including loan-maturity extensions, according to Chinese President Xi Jinping
Angola
16 June 2020
Angola Oil Revenues At 10-Year Low in May
Angola´s oil export revenues fell by almost 74% in May, to only USD 747 million. According to Government data, this was the lowest figure since the beginning of the statistical series, in 2009.
Angola
09 June 2020
China Delays Debt Repayments for 77 Low-Income Countries
The Chinese government said it has agreed to delay debt repayments for low-income countries, as part of the Group of 20 nations debt relief program.
China
07 June 2020
China is Mozambique´s Main Creditor
Nearly 40 per cent of Mozambique´s debt is owed to China, according to the most recent data from the Mozambican Ministry of Economy and Finance (MEF).
Hong Kong
04 June 2020
Bank of Portugal Mandates Bison Bank to Increase Capital
Bison Bank shareholders will have to inject 19 million euros into the bank until the end of this month, by determination of Banco de Portugal, the country´s central bank.
Angola
03 June 2020
Angola Talks With Oil Clients About Financing Facilities Reach “Advanced Stage”
Angola is in talks with some of its oil clients in a bid to restructure financing facilities, the Ministry of Finance has said. China is the main buyer of Angolan oil exports, and the creditor of around USD 23 billion .
China
02 June 2020
Long Road Ahead for Macau to Reach Hong Kong´s Level as Global Financial Hub
Macau has a long road to travel to reach that destiny, and it will need more financial experts and services that support the nascent industry.
Hong Kong
26 May 2020
Macao casino magnate Stanley Ho dies at 98 in Hong Kong hospital
Macao gaming magnate Stanley Ho Hung Sun passed away in Hong Kong at the age of 98 today, his family announced outside Hong Kong Sanatorium and Hospital. Macao’s “king of gambling” had retired after an accident at his home in Hong Kong in 2009.
Angola
25 May 2020
Angola and China Negotiating Debt Relief
The matter of Angola´s USD 23 billion debt to China was addressed by the foreign ministers of both countries. Angolan minister Tete António also called attention to his counterpart to Angola´s privatization program, according to a statement from the Angolan Government.
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