What the middle class plans to do with its money—and its votes
Archive for November, 2008|Monthly archive page
Didata enters Angolan market with local partner SRC
In Angola, South Africa on November 27, 2008 at 5:15 pmDIMENSION Data has launched a business in Angola by acquiring 51% of the technology supplier Sistemas Redes e Communicações (SRC).
’100bn barrels’ in new Brazil oilfield
In Brazil, Oil on November 27, 2008 at 5:07 pmBrazil’s newly discovered “pre-salt” oilfields may contain more than 100bn barrels, Haroldo Lima, head of the industry regulatory, said.
Wave of mergers set to break in Brazil
In Brazil on November 27, 2008 at 5:06 pmBrazil’s banks are preparing for a wave of consolidation following this week’s merger of Itaú and Unibanco to create the biggest bank in South America.
Cape Verde’s unique history
In Cape Verde on November 27, 2008 at 5:02 pmThe man beside me in the plane was lean. He wore a clean, checked shirt and worked in agriculture, always a precarious existence in Cape Verde, where drought characterises much of history. Each year, he told me, one could not know if the rain would come. I mentioned that I was researching Cape Verde’s history in the 16th and 17th centuries, when it had been at the heart of the embryonic Atlantic world. He became animated. “Look at me,” he said, “we’re all mixed here. Neither African nor European. Everyone – the Portuguese, the Dutch, the French, the English – used Cape Verde as a strategic point. We were born from … traffic.” He was still talking as we landed in Praia, Cape Verde’s capital city.
Angola launches $6bn agriculture expansion
In Angola, Investments on November 27, 2008 at 5:00 pmAngola, one of the world’s fastest-growing economies, has launched an ambitious plan to exploit both its fertile soils and high global food prices to attract $6bn (€4.3bn, £3.4bn) in agriculture investments over the next five years.
Building on the B in BRIC
In Brazil, Politics on November 26, 2008 at 10:07 pmLuiz Inácio Lula da Silva, president of Brazil, sees a growing global role for big emerging economies.
Over 300 kilometres of Angolan road repaired
In Angola, Oil on November 26, 2008 at 10:01 pmBengo – At least 366,000 kilometres of road linking the localities of Viana/Maria Teresa, Kifangondo/Catete and Kifangondo/Caxito/Rio Dange, in northern Bengo province, have been rehabilitated in the last two years by Angolan Government, in order to improve traffic, Angop learned.
Government approves new Sonangol board
In Angola, Oil on November 26, 2008 at 9:56 pmLuanda – Angolan Government Wednesday in Luanda approved a new composition for the managing board of the State-run oil company “Sonangol-E.P”, keeping Manuel Vicente as its chairman.
Diamond and gold Angola’s strategic minerals
In Angola, Mining on November 26, 2008 at 9:44 pmLuanda – The New Mining Code, expected to be approved in mid-2009 by the Cabinet Council, considered diamonds, gold and the radioactive minerals as strategic for the country, according to the coordinator of the Technical Commission for Revision of Mining Legislation, Francisco Queiroz.
Angola Trade & Investment Letter
In Angola on November 25, 2008 at 2:14 pmAngolan African Investment Bank opens branch in Cape Verde
In Angola, Banking, Cape Verde, Investments on November 25, 2008 at 2:12 pmLuanda – The African Investment Bank (BAI) inaugurated Friday a branch in Sal city, Cape Verde, as part of its world strategy, already used in Portugal with BAI Europe.
Delta Airlines announces flight route to Cape Verde, Angola
In Angola, Cape Verde, Tourism, Travel on November 25, 2008 at 12:20 pmUS-based Delta Airlines announced this week that it will be adding fifteen new flight routes between the United States and Africa. The new measure will connect Sal’s Amílcar Cabral International Airport directly to the city of Atlanta, GA and is aimed at helping the company protect itself from the slowdown in the economic sector by way of new investments.
Cape Verde hopes to reach 500,000-tourist mark in 2009
In Cape Verde, Tourism on November 25, 2008 at 12:18 pmCape Verde hopes to be visited by 500,000 tourists in 2009, following the 312,000-person figure reached in 2007. This means, according to António Tavares Silva, administrator of tourism and investment promotion agency Cabo Verde Investimentos, additional investments to guarantee an adequate response to the demands of tourist agencies.
Cape Verde to get Ministry of Tourism?
In Cape Verde, Tourism on November 25, 2008 at 12:16 pmThe Cape Verdean Association of Real-Estate Tourism Promoters, Promitur, plans to propose the creation of a Ministry of Tourism to the Cape Verdean government. The suggestion was one of the decisions that came out of the forum “Residential tourism in Cape Verde,” which took place earlier this week on the island of Sal with the theme, “Turning the international crisis to Cape Verde’s advantage.”
EU, Brazil ‘deepen’ energy cooperation
In Brazil on November 24, 2008 at 2:10 pmEU Energy Commissioner Andris Piebalgs met Brazil’s energy minister in São Paulo last week (20 November) to discuss closer energy relations amid concerns from developing countries that EU calls for strict biofuel sustainability criteria could strangle global trade for plant-based fuels.
The credit crunch reaches Brazil Inc
In Banking, Brazil, Economy on November 24, 2008 at 12:21 pmJUST a few months ago, Brazil’s economy was growing at its fastest pace since the mid-1990s, driven by record commodity prices and record credit growth. The country’s president, Luiz Inácio Lula da Silva, declared confidently that “Bush’s crisis” in the United States would not affect Brazil. It all looks very different now. Credit is becoming scarcer and banks more suspicious of each other.
