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Angola
18 March 2020

Legal alert: Stricter bank regulations under new anti-money laundering law
Angola’s new law against money laundering, a long-time demand of the International Monetary Fund (IMF) and banking regulators, has finally come into force. Both financial and non-financial institutions are subject to stricter regulations, from now on.
Angola
16 March 2020

Analysis: Angolan economy set for Covid-19 blow
The Covid-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. With its economy still reliant on oil exports, Angola's expectations to end a 4-year recession in 2020 are now fading away.
Angola
10 March 2020

Fitch Ratings lowers risk rating for Angola to  “B-“
Fitch Ratings has lowered its risk rating on Angola to "B-", reflecting the impact of lower oil production and prices and the consequent devaluation of the national currency, the kwanza.
Angola
04 March 2020

Angola Legal Flash: New rules for foreign exchange operations by foreign residents
The National Bank of Angola (BNA) Notice no. 15/19, published 30 December 2019, defines new procedures for foreign exchange operations carried out by non-residents.
Angola
26 February 2020

Chinese ambassador in Luanda defends Chinese cooperation model from US criticism
With the US-China rivalry in African business reaching new heights, Angola has found itself at the centre of the economic diplomacy dispute.
Mozambique
23 January 2020

Mozambique debt restructuring improves investors mood
Economy and Finance Minister Adriano Maleiane remains in office and will likely carry on with restructuring the country’s debt, particularly the US$2 billion ‘hidden debt’ deemed unconstitutional and illegal under Mozambique law.
Mozambique
19 December 2019

China awaits Mozambican LNG
Both of Mozambique’s giant onshore LNG projects have taken big steps towards development. One has completed its purchase of a large stake in Mozambique LNG, while the other project moves closer to its ambition of overseeing the commercial development of gas reserves in the Rovuma Basin.
Mozambique
13 December 2019

Conflicts start to weigh on Mozambique’s economy
The Mozambican economy has continued to lose steam during the year, owing to the fall in commodities prices in international markets. Conflicts in the north also weigh heavily on business activity, bringing up inflation, an effect that is expected to carry into 2020.
Macao
12 December 2019

Macau economy expected to post growth of 5.2% in 2019, EIU says
Macau’s economy will contract at a rate of 5.2% in 2019, according to the latest forecasts from the Economist Intelligence Unit (EIU), which refer to 2021 as the year in which the territory will return to positive growth rates.
Angola
28 November 2019

China’s Exim Bank partners with Morocco’s Attijariwafa Bank for African expansion
A new partnership agreement between China's Exim Bank and Attijariwafa Bank from Morocco, is set to align two key financial institutions in both countries in the common goal of boosting business ties and their economic presence in Africa.
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