Economic and Business Information

2017-01-25

Angolan economy set to grow more rapidly after marginal growth in 2016

The Angolan economy grew by 0.1 percent last year according to the Ministry of Finance, reports the Portuguese news agency Lusa.

2017-01-25

China Exim Bank to lend up to US$600mln to build new port in Angola

The Export-Import Bank of China will lend as much as US$600 million to fund construction of a deep-sea port in Cabinda province in northern Angola, Bloomberg reports.

2017-01-25

State Grid completes purchase of majority stake in Brazilian energy company CPFL

State Grid has completed the purchase of a majority stake in Brazilian electricity giant CPFL Energia SA for 14.19 billion reais (US$4.5 billion), the Mainland Chinese company announced yesterday.

2017-01-24

Mainland’s positive trade trend will continue stabilising: Commerce Ministry

Beijing will aim to stabilise the positive trend in external trade this year, the Government state-run news agency Xinhua reports.

2017-01-24

40 pct of Angola’s exports in 3Q16 were destined for the Mainland

Mainland China remained the biggest destination for Angola’s exports in the third quarter of last year, the Jornal de Angola reported.

2017-01-24

Session on China and Portuguese-speaking Countries Co-operation Fund to be held in Macao

Officials representing the China-Portuguese-speaking Countries Co-operation and Development Fund will explain the workings of the fund at an information session at the World Trade Centre in Macau on January 25.

2017-01-23

Mainland Chinese economy grew by 6.7 pct in 2016

China’s economy grew by 6.7 percent last year, the rate of growth falling within the range of 6.5 percent to 7 percent forecast by the Government, Xinhua reports.

2017-01-23

China, São Tomé and Príncipe select key areas to focus co-operation

China and São Tomé and Príncipe have selected what they consider the most important fields to co-operate in, and decided to focus on agriculture, health and energy, the Jornal de Angola reports.

2017-01-23

Angolan province to hold Chinaese investment forum

A business forum will be held in March in Menongue, capital of the Angolan province of Cuando Cubango, the Jornal de Angola reports.

2017-01-20

Portugal’s economy will be more robust, sustainable this year: Portuguese President

The Portuguese economy will be more robust and sustainable this year, Portuguese President Marcelo Rebelo de Sousa said on Tuesday.

2017-01-20

BNU becomes the first Macao bank to open in the Mainland with a branch in Zhuhai

The Macao-based bank Banco Nacional Ultramarino (BNU), a part of the Portuguese group Caixa Geral de Depósitos (CGD), has opened its first branch in Mainland China, the Macauhub website reports.

2017-01-20

On tour in Angola’s Bié province, Chinese Ambassador seeks out new business

China’s Ambassador to Angola, Cui Aimin, toured Bié province in central Angola on Wednesday to assess investment opportunities, Angop reports.