Chinese state-owned utility firm State Grid Corporation of China will pay 5.85 billion reais (US$1.8 billion) for a major stake in Brazil’s CPFL Energia SA, the latter said on Friday.

An International Monetary Fund (IMF) mission predicts the Portuguese economy will grow 1 percent this year. The forecast followed a two-week visit to the European nation by the mission’s representatives.

Cape Verde’s economy expanded by 5.8 percent year-on-year in the first quarter of 2016, the nation’s statistics bureau announced on Thursday.

The Chinese Ambassador to Angola, Cui Aimin, met on Wednesday with the Angolan President, José Eduardo dos Santos, to discuss the promotion of exchanges and the state of bilateral co-operation, the Chinese Embassy said in a statement.

Members of a delegation from the Pan-Pearl River Delta region expressed optimism about future co-operation between China and Portuguese-Speaking Countries; following their visit to Portugal this month. So said Macao Trade and Investment Promotion Institute (IPIM, in the Portuguese acronym).

Chinese investment has helped diversify Africa’s economic landscape, an African think tank said on Tuesday. “China’s investment is expanding Africa’s horizon and this is good for Africa as its total stock of investments is increasing,” said Kwame Owino, chief executive of Kenya’s Institute of Economic Affairs, as quoted by Chinese state-run news agency Xinhua.

The Brazilian government this week gave a presentation to China Three Gorges Brasil Ltd on a number of investment projects Brazil would like to see pursued in the state of Mato Grosso do Sul. The event was reported by online news portal Macauhub, quoting Brazilian press sources.

Inflows of foreign investment could help drive China’s economic transition, said the Chinese Premier, Li Keqiang.

Pedro Pires, a former president of Cape Verde, will start a 10-day visit to China on July 1 to deepen bilateral relations, Portuguese news agency Lusa reported on Tuesday.

The Government of Angola has this month awarded 15 projects worth a total of US$631 million to Chinese firms under a new credit line provided by China, Portuguese news agency Lusa reported on Tuesday.

The Chinese Premier, Li Keqiang, has expressed confidence about the economy this year, also acknowledging the potential for downward pressures, Chinese state-run news agency Xinhua reported.

The economy of Cape Verde is expected to grow by between 3.5 and 4.5 percent this year, the Government has predicted.