Economic and Business Information

2015-03-18

Foreign direct investment (FDI) in mainland China jumped 17 percent year-on-year in the first two months of 2015, to US$22.48 billion, reported state-owned news agency Xinhua, quoting data from the Ministry of Commerce.

2015-03-18

Portuguese Prime Minister optimistic about economic growth

Portugal’s Prime Minister, Pedro Passos Coelho, on Monday said the country’s economy should grow 1.5 percent in 2015. Mr Passos Coelho added that growth could be higher, on the back of more favourable international economic conditions.

2015-03-17

Mozambique’s new Parliament starts work on March 31

The newly elected Parliament in Mozambique is set to hold its first ordinary meeting on March 31, reported local news agency AIM.

2015-03-17

Brazil plans August auction of solar power supply contracts

Brazil’s Ministry of Mining and Energy announced on Monday it would auction solar power plant electricity agreements on August 14.

2015-03-17

China fifth-largest FDI investor in Mozambique in 2014

China was the fifth-largest foreign direct investment (FDI) contributor in Mozambique last year, the Chinese Embassy in the African country said earlier this week.

2015-03-16

Mozambique’s economy grew 7.4 pct in 2014: official

Mozambique’s gross domestic product (GDP) for full-year 2014 – judged at market prices – grew by 7.4 percent year-on-year in real terms, the country’s National Statistics Institute announced last week.

2015-03-16

Cape Verde’s inflation drops again to negative in February

Cape Verde’s inflation rate returned to negative territory in February, according to data from the country’s National Statistics Institute.

2015-03-16

China and Brazil to extend Joint Action Plan

China and Brazil are poised to renew the Joint Action Plan between both countries when Chinese Premier Minister Li Keqiang visits the South American nation in May, reports news website Macauhub.

2015-03-13

Mozambique’s tuna industry eyes China

Mozambique’s national tuna agency Ematum wants to increase exports to China, reports China Daily newspaper.

2015-03-13

Guinea-Bissau wants to cut dependence on foreign aid

Guinea-Bissau’s Government wants to reduce the country’s dependence on foreign aid. Economy and Finance Minister Geraldo Martins said on Wednesday that the country was currently already able to generate 63 billion CFA francs (US$102 million) internally to fund its annual budget of 148 billion CFA francs.

2015-03-13

Room for more China, Brazil cooperation on energy: expert

There are several options available to China to invest in Brazil’s energy market, Brazilian expert Severino Cabral told Chinese state-run news agency Xinhua.

2015-03-12

China’s retail sales up 10.7 pct in Jan-Feb

China’s retail sales for the first two months of 2015 increased by 10.7 percent year-on-year to 4.8 trillion yuan (US$779 billion), the Chinese National Bureau of Statistics announced on Wednesday.