The Bank of Mozambique has signed a new co-operation agreement with the People’s Bank of China that seeks to establish a mechanism to manage reserves and a monetary policy, in order to entice more Chinese investors, the Mozambican central bank said, according to news website Macauhub.

The border crossing between Macau and Hengqin Island should start operating round-the-clock soon, Macau media reports. It’s expected the decision will be announced at the ceremony marking the 15th anniversary of the Macao Special Administrative Region on December 20, according to Chinese-language newspaper Macao Daily News.

The Business Confederation of the Community of Portuguese Language Countries (CPLP, in its Portuguese acronym) is considering transforming itself into a Development Bank, said the institution’s chairman Salimo Abdula, quoted by Portuguese news agency Lusa.

China’s government has relaxed its grip on outbound direct investment (ODI) as domestic enterprises begin to invest heavily abroad, reports Xinhua, an official news agency.

Activity in Brazil’s service sector rebounded in September, with its revenues growing by 6.4 percent from a year earlier, data from the Brazilian Institute of Geography and Statistics showed this week.

Mozambique’s agricultural sector represents 24 percent of the country’s gross domestic product (GDP) and 20 percent of its exports, said the Permanent Secretary of the Ministry of Agriculture, Daniel Clemente, according to the daily newspaper Jornal Notícias.

Chinese state company CITIC Construction Co will invest US$5 billion in an agricultural project in Angola next year, said Liu Guigen, president of the company’s Africa branch. The project covers 500,000 hectares, the newspaper China Daily reports.

Portugal’s gross domestic product (GDP) expanded in the three months through September at a slower pace than in the second quarter.

China attracted US$8.53 billion in foreign direct investment (FDI) in October, up by 1.3 percent from a year earlier, but the year-to-date inflows declined for four consecutive months, the Chinese Ministry of Commerce announced on November 18.

The government of Angola plans to build a national railway network linking the country’s three current railways, the Minister for Transport said quoted by local media.

Macao’s Secretary for Transport and Public Works Lau Si Io said that the city’s light rapid transit railway (LRT) in Cotai will be linked to the Hengqin Island border by a tunnel under the Shizhimen channel.

Portugal’s national flag carrier TAP will be privatised, the Minister of Finance Maria Luís Albuquerque told parliament following the sale’s approval by the cabinet, Portuguese news agency Lusa reports.