Economic and Business Information

2015-04-01

IFAD grants US$19 million to Guinea-Bissau

The International Fund for Agricultural Development (IFAD) is to make a US$19-million grant to Guinea Bissau to finance agricultural projects, Guinea Bissau News Agency reported.

2015-04-01

China, Mozambique sign cultural co-operation pact

China and Mozambique on Monday made an agreement to deepen cultural bilateral co-operation, the Chinese Embassy in the African country said in a statement.

2015-04-01

Brazil’s Petrobras signs US$3.5 billion loan deal with China Development Bank

Brazil’s state-run oil producer Petrobras signed a US$3.5-billion financing deal with state-run China Development Bank.

2015-03-31

Angola central bank raises benchmark interest rate

Angola’s central bank raised its benchmark interest rate for the first time since October, Bloomberg reported.

2015-03-31

Portugal’s consumer confidence hits 13-year high

Portuguese consumer confidence reached a 13-year high in March, the Portuguese National Institute of Statistics (INE) said on Monday.

2015-03-31

Angola to make private investment easier

The Government of Angola plans to streamline the approval process for private investment in the country, said Abrahão Gourgel, Minister of Economy in the African country.

2015-03-30

Macao Govt supports China’s ‘One Belt, One Road’ initiative

The Macao Government says it will “actively participate” in the “One Belt, One Road” initiative proposed by China.

2015-03-30

Chinese company promotes flamingo protection in Angola

Chinese firm China Harbour Engineering Company is participating in a string of initiatives to help preserve the wetlands in the southern harbour city of Lobito, in Angola, reports Chinese state-owned news agency Xinhua.

2015-03-30

Brazil to join China-backed infrastructure investment bank

Brazil plans to join the China-led Asian Infrastructure Investment Bank, China’s state-run news agency Xinhua reported.

2015-03-27

Potential for football cooperation between China, Portugal: Chinese Ambassador

There is potential for China to develop its football sector via cooperation with Portugal, said Huang Songfu, the Chinese Ambassador to the European Union nation.

2015-03-27

Portuguese actual deficit in 2014 ‘encouraging’: Finance Minister

Portugal’s public deficit stood at 4.5 percent of the country’s gross domestic product (GDP) in 2014, the Portuguese National Institute of Statistics (INE) reported on Thursday. The figure was below the Portuguese Government’s forecast of 4.8 percent issued in September last year.

2015-03-27

China’s Representative for Africa ‘satisfied’ with Sino-Angola relations

Zhong Jianhua, China’s Special Representative for African Affairs, on Thursday said he was “satisfied” with the cooperation ties between Angola and China.