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Mozambique
30 July 2024

Legal update/Mozambique: Law on Credit Institutions and Financial Companies
The Regulation of the Law on Credit Institutions and Financial Companies has been published in Mozambique and is in force since July 26, according to the official legal database Legis-PALOP+TL.
Angola
12 July 2024

Angolan Banks’ Net Profit More than Doubled in 2023
The combined net profit of Angola's 21 banks more than doubled to AKZ 818.165 million (USD 987 million) in 2023, with the sector's total solvency ratio improving from 28.4% in 2022 to 30.3% last year, according to a report by financial consultancy Eaglestone. 
Mozambique
03 July 2024

Economic Expansion Benefits Mozambican Banks
The Mozambican banking sector benefited from stronger economic growth in 2023, as real GDP growth in the country accelerated to 5.0% in the period, according to a report by financial consultancy firm Eaglestone. 
Portugal
12 June 2024

Hong Kong Asks Portugal to Lift Tax Haven Status 
Hong Kong has asked Portugal to revoke its status as a tax haven and defended the fact that it already complies with European Union (EU) standards in the fight against tax evasion, the government of the Chinese region said in a statement.
Portugal
06 June 2024

Hong Kong to Promote Financial Technology in Portugal
Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, is on a visit Portugal in an effort to promote the Chinese special administrative region's financial technology.
Brazil
15 May 2024

BRICS Bank to Provide USD 1.115 Billion Loan to Support Brazil´s Rio Grande do Sul State
The New Development Bank, or BRICS Bank, will provide a USD 1.115 billion loan to support the Brazilian state of Rio Grande do Sul in the reconstruction of the economy and the infrastructure of the affected municipalities, and for strengthening the state’s productive sector.
Angola
09 May 2024

Angola to Access Cash Held as Collateral Under China Development Bank Deal
Angola agreed with the China Development Bank, the country’s largest single creditor, to release cash held as collateral for a multibillion-dollar loan, its finance minister told the Financial Times
Portugal
06 April 2024

Chinese Real Estate Investment in Lisbon Drops 46,5%
Chinese Real Estate Investment in Portugal´s capital, Lisbon, fell 46,5% to EUR 54 million last year, according to data from Confidencial Imobiliário.
Angola
21 March 2024

China Open to “Adjustments” to Angolan Debt, Not Restructuring
Angola and Chinese lenders are discussing making changes to repayments on loans made to the southern African country, but those "adjustments" will not be a debt restructuring.
Portugal
20 March 2024

Fosun Open to Selling Remaining Stake in Portugal’s Millennium bcp
Fosun International is open to selling its remaining stake in Portugal's Millennium bcp after disposing of some shares earlier this year, according to Reuters.
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