News from Cape Verde, Angola & Mozambique

Archive for February, 2010|Monthly archive page

Cape Verde news update, February 28th

In Cape Verde on February 28, 2010 at 10:24 am

POLITICS

The representative of the European Union (EU) in Cape Verde, Josep Coll, expressed today, the wish to announce during the Spanish Presidency, the partnership agreement to mobility between Cape Verde and Europe, whose negotiations are in progress (Inforpress).

ECONOMY

The Parliament approved, with abstention of the União Cabo-Verdiana Independente e Democrática (UCID), the alteration of the legal regime of the exploration of fortune games that will legalise the installation of gambling house in the country (Inforpress).

ENERGY

The Department of Energy is working to expand the building at the Palmarejo power plant and reinforce its capacity with two additional Wartsila 10 MW generators as a part of the government’s effort to centralize electricity production on the island of Santiago (A Semana).

TOURISM

The Department of Tourism held a forum in Praia to present its new website, the new tourism magazine and the Cape Verde Brand. The event, denominated “Cape Verde Wave” (“Onda Cabo Verde”), is hoped to involve all those connected to the sector in the implementation of the Strategic Tourism Plan (A Semana).

FOGO

São Filipe mayor Eugénio Veiga called for the creation of an institution of investigation and research in the areas of volcanology and geophysics on the island of Fogo. The mayor’s request comes following a study by Germany’s Leibniz Institute, which warned about the possibility of an underwater volcanic eruption near the island of Fogo (A Semana).

AIRPORTS

The decision to locate the future Santo Antão airport in the municipality of Porto Novo enjoys the consensus of political institutions, business owners and society at large, all of whom say that what is most important is to have an airport that serves the island’s development (A Semana).

Brazil Weekly

In Uncategorized on February 28, 2010 at 10:24 am

Be welcome to visit the latest edition of Brazil Weekly.

Angola news update, February 28th

In Angola on February 28, 2010 at 10:21 am

ECONOMY

The Angolan economy will again grow in 2010 and 2011, after stagnating last year, and the biggest growth contribution will come from the services, industry and agriculture sectors, indicates a report from the Catholic University of Angola (Macauhub).

OIL

Angola’s offshore oil production is likely to be double that of Nigeria by 2020, Royal Dutch Shell said (Reuters).

The Sociedade Nacional de Combustiveis de Angola (Sonangol) earned net profits of US$2.4 billion in 2009, company president Manuel Vicente announced in Luanda (Macauhub).

BUSINESS

Portugal’s Mota-Engil Ambiente e Serviços and Angola’s Finicapital-Investimentos e Gestao and Globalpactum, Gestao de Activos, have acquired a 50 percent stake in the Portuguese company Serviços Logísticos de Portos Portugueses (SLPP) from Dragados-Servicios Portuarios y Logisticos (Macauhub).

Portugal’s Mota-Engil group has announced the signing of a partnership contract to create Mota-Engil Angola, a company under Angolan law in which the Portuguese construction group will hold 51 percent and an Angolan consortium the remaining 49 percent (Macauhub).

INVESTMENT

The Dutch company Heerema Marine Contractors (HMC) plans to build a shipyard to support oil industry activities in Porto Amboim municipality, in central Angola’s Kwanza Sul province (Macauhub).

Brazil Weekly, February 21st

In Uncategorized on February 21, 2010 at 11:12 am

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Angola news update, February 21st

In Angola on February 21, 2010 at 10:55 am

LAW

Government ministers and senior officials could be quizzed in a $137m embezzlement probe at Angola’s central bank, the public prosecutor siad (News24).

OIL

Brazil’s state-controlled oil company Petrobras said it found oil in two wells off the coast of Angola, according to a regulatory filing (Reuters).

Angola, vying with Nigeria to be Africa’s biggest oil producer, plans to ship 3.5 percent fewer crude cargoes in April than in the previous month (Bloomberg).

BUSINESS

The Portuguese Barbot paint and varnish company is preparing to nearly double production in Angola by building a second factory, the company’s executive director for Angola, Joao Carlos Barbot, told the newspaper Publico (Macauhub).

AIRPORTS

The second phase of refurbishment and expansion work on 4 de Fevereiro International Airport in Luanda, is due to be concluded in March, the chairman of Angolan state airport manager, Enana, said (Macauhub).

Cape Verde news update, February 21st

In Cape Verde on February 21, 2010 at 10:36 am

POLITICS

Strengthening municipal authorities’ powers is the main objective of a proposal approved in the most recent Council of Ministers meeting. The government will submit a proposal to parliament to alter the legal regime regulating the organization and functioning of Cape Verde’s municipalities (A Semana).

Some 50 Europeans residing on the island of Boa Vista met this week to discuss the social situation and the problems affecting the European community on the island (A Semana).

The Prime Minister of Libya arrived February 19 in Cape Verde for a 24-hour visit. Baghdadi Mahmoudi’s trip is aimed at lending continuity to bilateral cooperation projects defined during the visit Cape Verdean President Pedro Pires made to Tripoli in June of 2009 (A Semana).

ATLANTICO

Brazil is helping Cape Verde to prepare its population census, the first one to be entirely electronic, to be carried out this year, the chairman of Brazil’s Geographical and Statistics Institute (IBGE) said in Brasilia (Macauhub).

ECONOMY

A reduction in public and private investment in Cape Verde, especially after 2011, alongside reduced foreign demand, is expected to slow the rate of economic growth in Cape Verde, according to the International Monetary Fund (IMF) (Macauhub).

Cape Verde has risen one slot on the 2010 edition of the Doing Business report, elaborated by an entity connected to the World Bank, and is currently 146th in the ranking. According to the report, it is still difficult to do business in Cape Verde, which remains near the bottom of the list that ranks countries in terms of the ease of doing business in them (A Semana).

The Minister of Labour, Vocational Training and Social Solidarity, Madalena Neves, announced the increase of the social minimum pension for five thousand escudos from July (Inforpress).

BANKING

Commercial bank BAI (Banco Africano de Investimentos) opened its first branch on the island of São Vicente, located next to the Ponte d’Água complex on the Mindelo seafront (A Semana).

Cape Verde news update, February 14th

In Cape Verde on February 14, 2010 at 2:44 pm

POLITICS

Cape Verdean President Pedro Verona Pires met with a Venezuelan delegation made up of three cabinet ministers and the director of the country’s Department of Petroleum. The visit is the first by high-level Venezuelan officials to Cape Verde, and comes as the two countries are seeking to expand bilateral relations (A Semana).

At the same time, the president of Cape Verde’s National Assembly signed a cooperation protocol with Cuba’s parliament. The accord comes as part of a visit by a Cape Verdean parliamentary delegation to Cuba (A Semana).

The new extraordinary ambassador and plenipotentiary of the Republic of Cape Verde in Senegal, Francisco Pereira da Veiga, promised today in Praia to work with persistence to fulfil the mission that was conferred to him (Inforpress).

AIR TRAVEL

The African market is responsible for 15% of TAP Air Portugal’s revenues, and is expected to grow some 6.5% this year. The continent represented the only market in which the Portuguese airline saw growth last year, reason enough for Africa to be considered one of TAP’s most important destinations. TAP will soon start operating flights to and from Sao Vicente’s Sao Pedro airport (A Semana).

TACV Cabo Verde Airlines will begin operating a direct weekly flight between São Vicente and Portuguese capital Lisbon on April 29 in order to respond to demand in Cape Verde’s northern region (A Semana).

TACV is in negotiations aiming to take Brazilian adepts to the first World Football Cup to be hold in Africa,  next June (Inforpress).

TELECOM

The liberalization of the telecommunications sector in Cape Verde in 2006 resulted in an exponential increase in the number of mobile telephone users from some 100,000 to the current figure of nearly 300,000 (A Semana).

MEDIA

The Council of Ministers, Cape Verde’s cabinet, this week analyzed a number of proposed alterations to the law regulating media outlets and journalistic activities in the country. The main innovations include the introduction of on-line publications, the consecration of collective entities’ right to respond and the right to clarification (A Semana).

PORTS

Rough seas with waves of more than five meters caused the rupture of some 30 meters of the wall protecting Vale dos Cavaleiros port in São Filipe, on the island of Fogo. The waves are now endangering various other buildings at the sea port, including the passenger terminal (A Semana).

The first phase of refurbishment and expansion work on the port of Porto Novo is due to begin next May, the chief executive of national ports management company, Enapor, Jorge Pimenta Rodrigues said in Santo Antão (Macauhub).

BANKING

The chairman of the board of the Administration of the African Bank of Investment (BAI – Cape Verde ), David Jasse, announced that his bank intends to conquer 15 percent of the Cape Verdean market in three years (Inforpress).

WIND

The installation of four wind farms on four Cape Verdean islands is due to begin in the archipelago’s capital Praia, whose municipal council signed an agreement to grant land for the project on the outskirts of the city. Representing an investment of US$84 million, the four wind farms will produce between 22.5 and 28 megawatts of power, and the wind farm to be built near Praia will have a capacity of 10 megawatts (Macauhub).

Brazil Weekly, February 14th

In Uncategorized on February 14, 2010 at 2:43 pm

Be welcome to visit the latest edition of Brazil Weekly.

Angola news update, February 14th

In Angola on February 14, 2010 at 11:59 am

POLITICS

President Jose Eduardo dos Santos swore in a new government and said Angola would pass a new law to end widespread corruption and embezzlement in one of Africa’s biggest oil producing nations. The new government was appointed by the president after parliament approved a new constitution last week that critics say will allow dos Santos, who has never won an election, to prolong his 30-year rule without a direct ballot (Reuters).

ECONOMY

Angola is seeking its first credit rating from an international agency as it prepares to sell bonds abroad, the director of state-run National Investment Agency said (Bloomberg).

Angola’s inflation slowed in January to 13.83 percent year-on-year from 13.99 percent in the previous month, despite a rise in food prices, the National Statistics Institute (INE) said (Reuters).

OIL

Angola is expected to significantly increase oil and gas exploration in the short and medium term, according to recent information about the country from the United States Energy Information Administration (EIA) (Macauhub).

The auction for the concession of new oil blocks in Angola has been postponed indefinitely after originally being scheduled for this year, the chairman of Angolan state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol) told the Reuters news agency.

Cape Verde news update, February 7th

In Angola, Cape Verde on February 7, 2010 at 11:34 pm

POLITICS

More than 500 citizens will hold a dinner this Friday on the island of São Vicente to encourage Minister of Infrastructures and Transportation Manuel Inocêncio Sousa to run for President of Cape Verde in 2011 (A Semana).

ECONOMY

The government plans to introduce a legal minimum wage in Cape Verde before the end of this year, according to an announcement made by Prime Minister José Maria Neves following a meeting in which labor union federation UNTC-CS’s general secretary Júlio Ascensão Silva presented the premier with a study the organization carried out on the issue (A Semana).

The resident coordinator of the United Nations, Petra Lantz, said that the group of support to the transition of Cape Verde to the group of Less Advanced Countries (LAC) evaluates the process positively (Inforpress).

The Entrepreneurial Development and Innovation Agency (ADEI) will promote a debate February 5 on the proposal for a bill for the Legal Regime for the Recovery of Businesses, which intends to regulate under what conditions companies may declare bankruptcy. The discussion will include the presence of Minister of the Economy Fátima Fialho (A Semana).

BUSINESS

Cape Verdean fuel company Enacol in 2009 consolidated its overall leadership of the market in Cape Verde, with a market share of 54.8 percent, the company said in a statement issued in Praia (Macauhub).

BANKING

The Banco Africano de Investmentos Cabo Verde, in which the Angolan Banco Africano de Investmimentos and Sonangol hold a majority stake, has opened two branches in Praia, the bank’s communication director announced (Macauhub).

PORTS

Construction of the deepwater port in Mindelo will generate annual revenue of between 14.2 million and 21.4 million euros up to 2023, the head of Cape Verde’s National Port Administration Company (Enapor) has stated (Macauhub).

The Director of the management unit of the Millennium Challenge Account (MCA-Cape Verde), Laurent Medhi Brito, assured today  that the works of the Port of Praia may not exceed the period of completion, scheduled for September (InforPress).

The contest for adjudication of the work of expansion and modernisation of the ports of Vale dos Cavaleiros (Fogo) and Furna (Brava) has just been launched (Inforpress).

The three ship container scanners ordered from Chinese company Nuctech by Cape Verdean port management company Enapor to reinforce security in the ports of Praia, Mindelo and Palmeira have arrived in Cape Verde. The equipment, however, will only begin functioning in April of this year (A Semana).

AIR TRAVEL

The national air transporter, TACV carried out the first commercial flight with intercontinental destination to São Pedro’s international airport in São Vicente, from Boston in the USA (Inforpress) .

TACV Cabo Verde Airlines has signed a contract with Portuguese tourist agency Entremares to carry out charter flights during the summer to the islands of Sal and Boa Vista (A Semana).

ENERGY

Cape Verde has the capacity to produce 12 megawatts of wind energy, putting it 5th place in the overall ranking of African and Middle Eastern countries in the sector (A Semana).

Brazil Weekly, February 7th

In Uncategorized on February 7, 2010 at 3:27 pm

Be welcome to visit the latest edition of Brazil Weekly

Angola news update, February 7th

In Angola on February 7, 2010 at 2:40 pm

POLITICS

Angolan President dos Santos appointed Fernando Dias da Piedade dos Santos as the country’s first vice president.The president also appointed Carlos Alberto Lopes as the country’s finance minister (Bloomberg).

Angolan lawmakers adjusted the country’s proposed new constitution to reflect that ballot papers must show the name of presidential candidates put forward by political parties (Bloomberg).

ECONOMY

Angola’s economy should grow 7.5 percent this year, after a sharp downturn led to an estimated rise of not more than 0.5 percent in 2009, the World Bank has indicated (Macauhub).

MINING

Angola expects to decide on the partnership structure for a new $6 billion iron ore and manganese mine project this year in a bid to diversify its mining sector, an official said. “I am sure the government of Angola is going to make a decision on this project before the end of the year,” Luis Antonio, director of international cooperation in the Ministry of Geology and Mines told Reuters.

Angola expects diamond exports to rise this year from the 9.8 million carats it shipped during 2009, Luis Antonio, director of international co-operation at the Ministry of Geology and Mines, said in an interview in Cape Town (Bloomberg).

BANKING & FINANCE

Bank of America Corp. didn’t raise enough questions about how an Angolan arms dealer now in prison moved millions of dollars in “suspect” funds to the U.S., says a Senate report on corrupt foreign money entering the country (Bloomberg).

Angola may get less than a quarter of the $4 billion it sought in an international debt sale announced in August and then postponed, even if it receives a credit rating, according to Exotix Ltd (Bloomberg).

OIL

Angola’s oil industry will grow 6.5 percent this year as the southern African country increases its production from 1.79 million barrels a day to 1.9 million barrels a day, the World Bank said in its January country report (Bloomberg).

AGRICULTURE

Angolan farmers are to get USD 350 million in loan.  A credit for agriculture, approved in 2009 by the Government for small and medium producers as well as associations and agro-livestock cooperatives, “will be made available to beneficiaries on time” (ANGOP) .

BUSINESS

Angolan group Mostratus plans to produce 100 million litres of “Cristalina” mineral water this year in Angola, which is annual growth of 80 percent, the company’s legal and administrative director João Pinto told newspaper O País (Macauhub).

The new Palance Cimentos cement factory, an investment of US$420 million in Angola’s Benguela province, is awaiting approval from the Angolan government for construction to begin, said the chairman of the Gema group, which owns 50 percent of the company’s capital (Macauhub).

Entrepreneurs from Kwazulu-Natal plan to invest this year in the Angolan fishing sector in Baia Farta municipality, 25 km from the city of Benguela, the premier of that South African region has stated (Macauhub).

REAL ESTATE

Luanda has some of the world’s most expensive property prices, and a recent study by the Angolan consultancy firm Proprime indicates they are highest in the Baixa district for offices and in Ingombotas for housing (Macauhub).