Angola’s President, José Eduardo dos Santos, stated on Thursday that an important new chapter has been opened in the country’s relations with China. He said it related to partnerships between Angolan and Chinese companies in the public and private sectors, Angolan news agency Angop reported.

Brazil’s state-controlled oil company Petrobras slashed its long-term spending plan by 37 percent, The Wall Street Journal reported.

The Angolan Government will sign a US$4.53-billion deal with a China-led consortium to build a new hydropower dam at Caculo Cabaça, according to an order signed by Angolan President José Eduardo dos Santos.

Portugal’s Institute of Traditional Medicine announced on Wednesday it has opened a company with the same name in Macau, further to promote co-operation, Macao’s Portuguese language newspaper Jornal Tribuna de Macau reported.

Cape Verde’s gross domestic product (GDP) grew 1.0 percent in the first quarter, slowing from 4.8 percent for same quarter in 2014.

Angolan central bank raised its benchmark interest rate for a second time this year in a bid to curb inflation pressures, amid declines in global oil prices.

China wants to “actively participate” in the latest 198.4 billion reais (US$64.1 billion) infrastructure plan announced by the Brazilian government last month, said Chinese Ambassador to Brazil Li Jinzhang. His remarks were made in an opinion article published by Brazil’s newspaper Correio Braziliense last week.

The Mozambican Government might sell to private shareholders some of its stakes in local companies. But such a move would only be considered for enterprises that are not considered of strategic importance economically, said Apolinário Panguene, president of the government’s Institute for the Management of State Holdings (IGEPE).

Portugal’s economic climate index continued to increase and recorded in June the best result since May 2008, official data from Statistics Portugal showed on Monday. But consumer confidence continued to decrease in June.

China will hold 30.34 percent of shares in the new Asian Infrastructure Investment Bank (AIIB), said the Chinese Ministry of Finance. It will make Beijing the largest shareholder in the recently announced multilateral institution.

China’s central bank cut its benchmark interest rates on Saturday, Chinese state-run news agency Xinhua reported. It is the fourth round of interest cuts since November.

China’s outgoing ambassador to Mozambique, Li Chunhua, stressed China and Mozambique should strengthen industrial co-operation to “create mutual benefits”, Portuguese news agency Lusa reported.