Economic and Business Information

2016-11-22

Beijing offers US$149 mln to Cape Verde to help house the underprivileged

Beijing has offered about US$149 million to the Cape Verde government to pay for the rehabilitation of houses for the underprivileged, A Bola reports.

2016-11-22

China and Angola to work together on sugarcane farming project in Bengo

Mainland firms will work with Angolan companies to farm, process and market sugarcane in the province of Bengo, Angop reports.

2016-11-21

Cape Verde eager to accelerate ambitious privatisation programme

Cape Verde is eager to speed up the process of privatisation, according to the country’s Minister of Finance, Olavo Correia.

2016-11-21

Mozambique to simplify business-licensing procedures

The Mozambican government is preparing to reduce the red tape restricting businesses, including the revision of trade- and real estate-related laws, Notícias reports.

2016-11-21

Fosun buys 16.7-percent stake in Portuguese bank Millennium BCP

Fosun will buy a 16.7-percent stake in Portugal’s Millennium BCP for 174.6 million euros (US$185 million), via a reserved capital increase, Reuters reports.

2016-11-18

Angolan economy forecast to grow by 1.25 pct next year, says IMF

Angola’s economy should grow by 1.25 percent next year, the International Monetary Fund (IMF) said on Wednesday.

2016-11-18

China’s outbound investment soars by 53.3 pct in first 10 months of year

Non-financial outbound direct investment from the Mainland has reached US$145.96 for the first 10 months of the year, Xinhua reports.

2016-11-18

Tourism arrivals to Cape Verde rise by 6.6 pct in 3Q

More than 138,000 tourists were welcomed to Cape Verde in the third quarter, an increase of 6.6 percent compared to the same time last year, says the country’s National Statistics Institute.

2016-11-17

Portuguese company Orivárzea eager to export rice to Chinese markets

Portugal’s Orivárzea wants to sell rice to Mainland China as soon as a protocol on trade co-operation is signed, the Portuguese news agency Lusa reports.

2016-11-17

Stronger ties and more co-operation forecast for militaries of China and Brazil

Chinese and Brazilian officials met in Beijing on Tuesday to discuss strengthening military co-operation, the Chinese Ministry of National Defence said in a statement.

2016-11-17

4.2 pct growth in foreign investment into the Mainland since start of year

Foreign direct investment destined for the Mainland reached 666.3 billion yuan (US$96.9 billion) in the first ten months of this year, according to the Ministry of Commerce.

2016-11-16

Chinese investors seek new opportunities in Portuguese hotels, logistics

The acquisition of hotels and investments in logistics are two areas in which Chinese investment in Portugal may grow, according to the Vice-President of the Portuguese-Chinese Chamber of Commerce and Industry.