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China
11 May 2020

New Portugal-China Chamber of Commerce for SMEs
Adding to the Luso-Chinese Chamber of Commerce and Industry (CCILC), created in 1978, that represents the biggest companies and banks, a new chamber of commerce for small and medium-size enterprises (SMEs) of the two countries has now been created.
Angola
08 May 2020

Oil Price Fall Takes Angola From Budget Surplus to Deficit Above 4% of GDP
The fall in oil prices is set to counter the Angolan Government´s balancing of its budget. The Government projected a third surplus in 2020, but a revision of the budget is ongoing, and economists now point to deficit of at least 4% of GDP, along with a fall in foreign currency reserves. 
China
07 May 2020

Covid-19´s Impact on China and Other Trading Partners to Hurt Mozambique´s Growth
The Mozambican government’s real GDP growth projection of 2.2% for this year may prove to be "somewhat optimistic", according to Eaglestone Securities, considering the uncertainties surrounding the impact that Covid-19 could ultimately have on the local economy.
Angola
30 April 2020

Banco Nacional Ultramarino and ICBC Macau partner for Portuguese-speaking countries
Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) have signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement by the issuing bank.
Macao
28 April 2020

Macao Secondary Market for Bonds to Go Full-Speed Ahead
With sights set in establishing a financial centre in MSAR, the Government of new chief executive Ho Iat Seng is pushing for specific services to be made available as soon as possible. The bond market, wealth management services and leasing, with an eye in the Great Bay Area, are also identified as development opportunities for the sector.
Angola
27 April 2020

Business Opportunities: Angola
The Angolan Government is progressing with privatizations in multiple fronts, including subsidiaries of the national oil company, Sonangol, and 13 industrial units in the Luanda-Bengo Special Economic Zone (SEZ).
China
23 April 2020

Russia and Saudi Arabia top Belt and Road Investments – Refinitiv BRI Database
According to Refinitiv, providers of financial markets data and infrastructure, there is currently $3.16 trillion worth of active BRI projects that will require billions of dollars of financing, from Chinese State-Owned Entreprises (SOEs), but also from other countries.
Angola
23 April 2020

Angola Economic Update: Fifth Consecutive Year of GDP Decline Expected
The drop in 2018 was also revised, and GDP is now estimated to have tumbled by 2.0% in that year, compared to the 1.2% previously calculated. Between 2015 and 2019, GDP declined 5.5% on a cumulative basis.
Brazil
21 April 2020

State-Supported Bailout of Portuguese Airline TAP Could Have Chinese Funding
The Portuguese Government considers nationalising the company, where it already has half of the capital, but its private shareholders are pushing for a cash infusion, from a financial consortium which could have Chinese capital.
Angola
16 April 2020

Mozambique the Exception Among Lusophone Africa Economies in the “Red”
Like the rest of the continent, macroeconomic forecasts for Lusophone African countries are now all “in the red” ⁠— with the exception of Mozambique.
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