DAKAR, Jan. 8 (Xinhua) — Cape Verde, the northern African island state, attracted 2.639 billion euros (3.593 billion U.S. dollars) in direct foreign investment (DFI) in 2008, a rise of 129 percent from the previous year, according to statistics from the Cabo Verde Investimentos (CI).
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Praia, Cape Verde, 9 Jan – The Arab Bank for Economic Development of Africa (BADEA) is to fund projects to make use if the hydrographical basins of Alto Mira (Porto Novo) and Ribeira da Torre (Ribeira Grande) on the Cape Verdean island of Santo Antao, according to Cape Verdean news agency Inforpress.
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Diplomat Arnaldo Andrade, Cape Verde’s ambassador to Portugal, is a member of a group of Portuguese-speaking ambassadors formalized Monday in Portuguese capital Lisbon under the auspices of Portuguese President Aníbal Cavaco Silva.
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The world financial crisis and the global economic slowdown have so far had only a contained effect on the Cape Verdean economy. But in the mid-term, warns the International Monetary Fund, the crisis could affect the remittances sent back to the country by Cape Verdean émigrés, as well as tourist revenues and foreign investment.
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The Brazilian government has pardoned more than 317.4 million euros in debts owed it by a series of countries, according to the report from the Brazilian Finance Ministry’s Secretariat of International Affairs released on December 25. Cape Verde is among the countries to benefit from the debt pardoning.
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The economic and financial viability study proposals for the expansion of the Porto Novo port and the north access project for the Mindelo port are to be submitted by January 14. The proposals will be opened on the same day at the meeting hall of port management company Enapor in Mindelo.
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Luanda, – With the licensing of 4,180 large and small public and private shops and service markets, including “Nosso Super” network of supermarkets, municipal markets and Logistics and Distribution Centres (Clod), trade stood in 2008 as one of the most active sectors of the Angolan economy, alongside the oil industry, civil construction and agriculture.
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Cabinda – The northern Cabinda Province wharf received last Friday a large vessel with more than 132 metres of length and 15 metres wide, ANGOP learnt from a note of the local managing board of the port.
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Luanda, – The Angolan industrial sector has reached a growth estimated at Usd 350 million, against the Usd 200 million of 2007, as a result of State and private investments.
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Luanda - The Business Incubator (IEMP), recently set up by Angolan Government, will assist entrepreneurs with the creation of micro, small and medium size companies.
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Luanda – Crude oil production in Angola, last year, was set at 695,707 million barrels, Angop learnt from the Minister of Oil, Botelho de Vasconcelos, while speaking at the new-year greetings ceremony that gathered officials of oil companies working in the country.
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Luanda – Trade between Angola and Italy reached Usd 380 million last year (2008), which represents a rise by about 45 percent as compared with the previous year.
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South African banks are in for another bumpy ride this year, as bad debts brought on by high interest rates over the past couple of years and a difficult trading environment erode their profits.
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After years of state domination, private newspapers, radio stations and most recently a television channel are shaking up Angola’s media landscape, but face doubts about their independence.
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Party leader Jacob Zuma told thousands of supporters in East London that the ANC manifesto would focus on five areas: job creation, health, education, food security and rural development, and fighting corruption and crime.
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Two recent publications on Angola deserve attention:
Angola: The Weight of History. Patrick Chabal and Nuno Vidal, eds. Columbia University Press, 2007
L’Angola postcolonial: Guerre et paix sans démocratisation. by Christine Messiant. Karthala, 2008
Read the review at Foreign Affairs
N THE end, the presidential run-off proved to be every bit as tight as the first round of voting on December 7th. On that occasion, the candidate of the ruling New Patriotic Party (NPP), Nana Akufo-Addo, triumphed by a very small margin over his main rival, John Atta Mills of the National Democratic Congress (NDC)—but not by enough votes to avoid a run-off. At the second time of asking, however, on December 28th, the result was reversed—by such a tiny number of votes that the electoral commission had to rerun the vote in one district just to make sure.
Read the complete article in The Economist
Read the latest forecast at the Economist Intelligence Unit
Read the forecast at the Economist Intelligence Unit
REPEATS are often disappointing. It is rare indeed to find a president in his second term with an approval rating of 80%, as Brazil’s Luiz Inácio Lula da Silva now enjoys. No American president since the second world war has managed it. In Latin America, only Colombia’s Álvaro Uribe at the height of his success last year against the FARC guerrillas has touched a similar level of adoration. So Lula, a pragmatic former trade-union leader, is entering his penultimate year in office in a position in which he ought to be able to do almost anything.
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