News from Cape Verde, Angola & Mozambique

Archive for August, 2010|Monthly archive page

Cape Verde Politics & Islands

In Cape Verde on August 27, 2010 at 8:35 am

ELECTIONS

November 26, 2010 is the date agreed to by Cape Verde’s two largest political parties, the governing PAICV and opposition MpD, as the conclusion of the voter registration process in Cape Verdean communities abroad (A Semana).

ATLANTICO WEEKLY POLL

FOREIGN AFFAIRS

For the first time in history, relations between the Republic of Cape Verde and the Vatican will be regulated by a Concordat. Cape Verdean Prime Minister José Maria Neves will travel to Rome next month to sign the treaty, which will make Cape Verde the third Portuguese-speaking country, after Portugal and Brazil, to enter into this type of protocol with the Holy See (A Semana).

TWITTER & LINKEDIN

You can now follow Atlantico Weekly on Twitter at atlanticoweekly.

Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

DEFENCE

Minister of Defense Cristina Fontes Lima has assured the President of Guinea Bissau that Cape Verde is willing to train military personnel on any level Guinea Bissauan authorities deem necessary (A Semana).

SANTIAGO

If the jewel in the crown of Santiago’s tourist industry is Tarrafal, its beach is even more so (A Semana).

Cape Verde Business & Economy

In Cape Verde on August 27, 2010 at 8:34 am

ECONOMY

President Pedro Pires has signed a law decree setting the basic social pension at 5,000 escudos per month. The measure is retroactive to July 1 of this year (A Semana).

BUILDING OF THE WEEK

Impression of the Tropical Resort under construction on Sal (Imobrisa)

WANTED:

Architects, please send in your projects in Angola and Cape Verde and help us continue the Building of the Week feature….

PORTS

Cape Verde’s ports are projected to grow from 150/200 to 400/500 ships and to increase the number of re-exported containers from 2,000 to 4-5,000, whilst also serving as a platform for oil company ships in the mid Atlantic (Macauhub).

TELECOMS

Cape Verdeans continue to show a preference for mobile phones over land lines, according to data from the National Communications Agency (ANAC), whose figures indicate that the number of mobile phone service subscribers grew by 5% in the first half of 2010 (A Semana).

TOURISM

Some of the world’s main cruise ship companies have begun including the island of São Vicente on their routes, namely Saga Cruises and Noble Caledonia. Cape Verde is described on Noble Caledonia’s website as an “incredibly intriguing archipelago” with beaches and “extraordinary sand dunes,” and an aridness that contrasts with “exuberant mountainous islands” (A Semana).

Angola Business News

In Angola on August 27, 2010 at 8:34 am

ECONOMY

Angola has suspended efforts to get more foreign loans, so that the government can assess their benefit to the country’s development (Bloomberg).

Angola said it had paid $1.28 billion of a government-estimated $6.8 billion in overdue bills to local and foreign builders in the southern African nation as it tries to restore investor credibility (Reuters).

A proposed stock market in Angola, which vies with Nigeria to be Africa’s top oil producer, will rank “at least third” in sub-Saharan African market capitalization (Bloomberg).

OIL

Chevron Corp., the second-largest U.S. oil company, said it’s investigating an oil spill in Angola (Bloomberg).

Angolan state-run oil firm Sonangol will start building a long-delayed $8 billion refinery this year in a bid to cut back on imports of refined products, which have weighed on the economy, its oil minister said (Reuters).

AVIATION

Brazilian regional airline Puma Air has been authorised to provide four flights per week between Brazil and Angola, the Brazilian National Civil Aviation Agency (Anac) said (Macauhub).

EDUCATION

The Angolan minister of Higher Education, Science and Technology, Maria Cândida Teixeira, appealed to managers of Higher Institutes of Education Sciences (ISCED) to create of centres of excellence in their academic regions (AllAfrica).

BUSINESS

The South African Shoprite Group is investing USD 13 million in the construction of a supermarket, in Huambo city, whose works started in the first quarter of this year (AllAfrica).

REAL ESTATE

The Angolan subsidiary of the Brazilian group Build Brasil has changed its name to Build Angola and plans to launch on Monday a housing project budgeted at US$50 million (Macauhub).

Cape Verde Politics & Islands

In Cape Verde on August 20, 2010 at 8:05 am

ELECTIONS

Cape Verde is heading towards the election season. Voters will decide on the next governemtn early 2011. The focus will be on the two main contenders, the ruling PAICV and the opposition MpD. Atlantico Weekly will follow developments closely in the next months and after. Sowhat do you, our expert readers and Cape Verde observers think? Did the PAICV a good job or is it time for change?

Prime Minister José Maria Neves considers opposition leader Carlos Veiga’s visit to President Pedro Pires a form of “pressure,” and told A Semana Online that he rejects the proposal to extend the final date of the voter registration process in Cape Verdean émigré communities to December 31, as Veiga has suggested.

FOREIGN AFFAIRS

Specialists from the government of Cape Verde are visiting housing projects under construction and built in various regions of the Brazilian states of Rio de Janeiro, São Paulo, Mato Grosso do Sul and Bahia. Over the course of 15 days, the technicians will become familiar with the Brazilian government’s “Minha Casa, Minha Vida” (“My House, My Life”) program, which in part inspired Cape Verde’s own “Casa para Todos” (“A House for All”) program (A Semana).

BOA VISTA

Discriminatory municipal management: this is how the PAICV on the island of Boa Vista classifies the municipal chamber led by mayor José Pinto Almeida. The party’s regional commission on the island met to evaluate the first two years of work in the mayor’s current term in office, giving a failing grade to the MpD’s Pinto Almeida (A Semana).

SANTIAGO

Power outages have been a constant in Cape Verde’s capital since Thursday of last week. Water and electricity utility Electra has issued a communiqué explaining the blackouts, apologizing to the population and guaranteeing that normality would be restored (A Semana).

SANTO ANTAO

Seventy-five exhibitors participated in the 5th edition of the Fair of Santo Antão-Made Agro-Industrial Products between August 18 and 20, an event that has drawn increasing numbers of visitors to the FIC pavilion in Mindelo, on the island of São Vicente. The main innovation in this year’s edition of the fair will be an exchange aimed at creating business intermediaries between producers on Santo Antão and merchants on neighboring São Vicente (A Semana).

Cape Verde Business & Economy

In Cape Verde on August 20, 2010 at 8:04 am

BUILDING OF THE WEEK

Render of the Vila Verde resort project to be built on the island of Sal (source).

TOURISM

“Cape Verde is an ideal winter-sun destination and a place of great contrasts, as each of the 10 islands offers a slightly different experience,” says Serenity. “It reflects an exotic blend of African, Brazilian and Portuguese cultures, and the beaches are among the best in the world” (TTG Live).

TWITTER & LINKEDIN

You can now follow Atlantico Weekly on Twitter at atlanticoweekly.

Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

AVIATION

Figures provided by PressTur reveal that Cape Verde is the third most sought-after destination for charter flights departing from Porto, Portugal’s second-most important city. Numbers for July indicate that 2,513 passengers traveled to Cape Verde on charter flights, 75% more than in the same month last year (A Semana).

HOUSING

The Cape Verdean government aims to build 3,000 houses by the end of 2011 under the “House for All” programme, financed by a 200 million euro credit line from Portugal, the Minister for Decentralisation, Housing and Territorial Planning has indicated (Macauhub).

DIASPORA

More than 17,000 took in Saturday’s Onset Cape Verdean Festival, which was a peaceful jubilee of music, sun, heritage, and food until a stabbing marred the otherwise festive celebration late in the afternoon (South Coast Today).

The US are entering prime time for the “Cape Verde hurricanes.”  An average of two of these storms form each year, most in August and September, and usually within 600 miles of the Cape Verde islands, off West Africa. They gain strength as they cross the Atlantic. Some move into the Caribbean or Gulf of Mexico (Ike 2008). But others sweep up the Atlantic Coast, threatening coastal communities from Florida (Andrew 1992), the Carolinas (Hugo 1989) to New England (1938) (Baltimore Sun).

CLOSED POLL

Angola Business News

In Angola on August 20, 2010 at 8:03 am

ECONOMY

Angola owes foreign building firms $9 billion, the Finance Ministry said, a higher figure than Angolan President Jose Eduardo dos Santos gave the previous day and one that could hamper its plans for a $4 billion bond (Reuters).

Angola will start paying part of the $6.8 billion it owes to foreign building firms operating in the oil-producing African nation later this year, President Jose Eduardo dos Santos said (Reuters).

Angola’s economy is expected to grow at almost double the rate of sub-Saharan Africa as a whole, between 7 and 12 percent, until 2012, the country’s Transport Minister, August da Silva Tomás said (Macauhub).

LAW ENFORCEMENT

Angola’s National Customs Services are to increase sanctions against workers who continue to not meet deadlines for processing of certain goods, regardless of the causes of delays (Macauhub).

OIL

U.S. oil major Occidental Petroleum Corp and Indonesian state oil firm Pertamina have shown an interest in taking a stake in Sonangol’s two Iraqi oilfield development projects (Reuters).

Angolan crude exports will fall to the lowest level in three-and-a-half years to 1.52 million barrels per day (bpd) in September, preliminary loading programmes showed (Reuters).

BP is borrowing $3 billion backed by income from Angolan operations, lenders said (Bloomberg).

BUSINESS

Royal Boskalis Westminster N.V. has been awarded a contract for the capital and maintenance dredging of the Soyo LNG port in Angola. The total contract value is approximately € 155 million in which Boskalis has a 50% share. The contract was awarded by Angola LNG Ltd. Work is set to commence in 2010 and capital dredging is set to be completed by mid 2011. Included in the contract is an optional maintenance contract running from early 2012 until early 2014 (Boskalis).

Depa Ltd., the Dubai-based interiors contractor, said it won a contract valued at $60 million for fit-out works at Hotel & Casino in Luanda, Angola (Bloomberg).

The Catumbela Industrial Development Hub (PDIC), in Lobito, in Angola’s Benguela province, has 100 new business projects, the chairman of the institution, Samuel Orlando Amaral said (Macauhub).

SPLIT SECOND POLL

Cape Verde Politics & Regional

In Cape Verde on August 13, 2010 at 4:21 pm

SEVEN WONDERS

According to Katia Delimbeuf, the author of an article published in Portuguese weekly Expresso on the seven wonders of the Atlantic, the nesting of sea turtles on the islands of Maio, Sal, Boa Vista and Santiago is among the Atlantic Ocean’s most fascinating natural phenomena (A Semana).

BOA VISTA

Shock and outrage. These are the feelings with which Cape Verdean émigré Francisca Santos describes how she and her son were treated in two hotels they intended to stay the night during a short trip to the island of Boa Vista (A Semana).

FOGO

The town of Mosteiros finally gets new health center (A Semana).

SAL

The island of Sal hopes to see institutes of higher learning offer courses in the municipality. Attracting institutes of higher learning is one of the local municipal chamber’s strategies aimed at creating a scientific “elite” to stimulate sustainable development there (A Semana).

SANTIAGO

The 5al da Música re-opened for business after two months of remodeling work – first, in a special session for guests, and then to the general public (A Semana).

SAO VICENTE

Locusts are destroying vegetable and fruit plantations in the agricultural zone of Ribeira d’Vinha, on the island of São Vicente (A Semana).

Cape Verde Business & Economy

In Cape Verde on August 13, 2010 at 4:21 pm

BUILDING OF THE WEEK

New project for Sal Rei, the capital of Boa Vista island (source: Escape Verde).

ECONOMY

For a small string of barren volcanic islands that have no natural resources, suffer from chronic droughts and are perched far off Africa’s west coast, Cape Verde is punching well above its weight. Read the article at Reuters.

REAL ESTATE

A nice overview of real estate opportunities in idyllic Cape Verde can be found in The Daily Telegraph.

BANKING

Portuguese bank Banco Espírito Santo announced the formation of a “strategic partnership” with Brazilian commercial banks Banco do Brasil and Bradesco aimed at the African market, by opening Banco Espírito Santo Africa’s capital up to the two Brazilian institutions. The operation includes Cape Verde (A Semana).

AVIATION

Passenger traffic in Cape Verde’s airports in the first half of 2010 was 5.6% higher than during the same period past year, with the upward trend more pronounced in international (6.1%) than domestic (5.3%) activities (A Semana).

TRANSPORT

Passenger transportation company Transcor will file a court injunction this week against the São Vicente municipal chamber’s decision to grant a temporary license allowing the company Sotral to transport passengers on five city bus lines (A Semana).

Angola Business News

In Angola on August 13, 2010 at 4:20 pm

FOREIGN AFFAIRS

Portugal, one of Europe’s ailing economies, is increasingly placing its hopes of recovery on Angola (New York Times).

ECONOMY

Angola’s annual inflation rate dropped to 13.70 percent in July (Bloomberg).

SOCIAL

Landmines left behind by Angola’s three-decade long civil war have killed 166 people and injured hundreds more in the last four years (Reuters).

BANKING

Banco do Brasil and partners Banco Bradesco and Portugal’s Banco Espirito Santo will focus their Africa expansion in Angola, South Africa and Morocco (Reuters).

AVIATION

A new international airport will be built in Soyo, on the outskirts of the Lumueno area, 20 kilometres to the south of the city (Macauhub).

OIL

Total announced the launch of development of the CLOV project and the awards of the principal contracts. This project is the fourth development pole in Angola`s deep offshore Block 17, after Girassol, Dalia and Pazflor (Reuters).

Norway’s Statoil says its CLOV development in Angola approved with drilling scheduled to begin in 2012 and first oil expected in 2014 (Reuters).

Cape Verde politics & regional

In Cape Verde on August 8, 2010 at 10:01 am

FOREIGN AFFAIRS

Cape Verdean workers in Angola and Angolans in Cape Verde are now protected by the two countries’ social security systems under the same conditions as if they were in their own countries (A Semana).

BUILDING OF THE WEEK

The Fortim Mindelo project for Sao Vicente (Source).

FOGO

The extension of the electricity network to Chã das Caldeiras and Cabeça Fundão using renewable energy is expected to begin before the end of this year (A Semana).

SAL

The alleged sale of lands inside Integrated Tourist Development Zones by the Sal municipal chamber has once again caused heated discussions during a Sal municipal assembly session (A Semana).

SANTIAGO

The Praia municipal chamber has decided to prohibit the display, sale, distribution, exchange or rental of illegally copied scientific, literary or artistic works – such as music and films –  in the city’s municipal markets (A Semana).

SANTO ANTAO

Vacationing émigrés and some local residents of the town of Ponta do Sol, on the island of Santo Antão, held a demonstration to protest the “degraded” state of the cobblestone pavement of the main streets in the town (A Semana).

The three municipalities on the island of Santo Antão – Porto Novo, Paúl and Ribeira Grande – now have a mobile Casa do Cidadão (House of the Cirtizen) office, through which individuals in the island’s most isolated areas may obtain on-line certificates and quickly register businesses (A Semana).

SAO VICENTE

Water and electricity utility Electra’s production and distribution capacity does not allow it to meet the demand for water on the island of São Vicente (A Semana).

Four more of those suspected of involvement in the alleged illegal land sale scheme on São Vicente have been summoned for questioning by the Judiciary Police, who are investigating the case (A Semana).

Cape Verde business & economy

In Cape Verde on August 8, 2010 at 10:01 am

TRADE

Cape Verde’s exports and imports increased 59.3% and 8.3%, respectively, in the first six months of 2010 in comparison to the same period last year. Portugal and Spain were the main destinations for Cape Verdean exports (A Semana).

TOURISM

Cape Verde is the second-most-popular destination for charter flights departing from Portuguese capital Lisbon. A total of 19,600 passengers flew from Lisbon International Airport to Cape Verde in the month of June, an 18.7% increase over the same period last year (A Semana).

TELECOMS

Regulations are in place for the sending of advertisements via SMS to mobile phones.  Cape Verde’s mobile providers of late have been filling their clients’ mobile phones with advertisements of all types and at all hours without the consent of the users themselves (A Semana).

The National Communications Agency (ANAC) launched a public tender for the attribution of three licenses for the use of IMT-2000, also known as third-generation (3G) mobile land frequencies, on a nationwide scale. Meanwhile, the government will begin negotiations with Cabo Verde Telecom aimed at coming up with a new model for the management of the country’s land-line network (A Semana).

EDUCATION

The government made a “ decisive “ step toward the next phase in the school computerization program, which could receive some 25,000 computers by the end of the year (A Semana).

SPLIT SECOND POLL

Angola business news

In Angola on August 8, 2010 at 10:01 am

ECONOMY

Angola’s economic outlook remained generally favorable but more steps were needed to create a sustainable fiscal position and reduce inflation, the International Monetary Fund (IMF) said (Reuters).

Angola’s foreign exchange reserves dropped slightly for the first time in four months to $15.52 billion in June from $15.64 billion in May, the central bank said (Reuters).

Angola cut its growth estimate for 2010 to 6.7 percent from 9.7 percent in a revised budget (Bloomberg).

BANKING

Angola said it would offer loans to cash-strapped banks, admitting for the first time that some lenders in the African nation are struggling with liquidity problems (Reuters).

INFRASTRUCTURE

Angola plans to reserve earnings from oil production of 100,000 barrels per day to form a fund to pay for infrastructure including power supply and water provision projects (Bloomberg).

HOUSING

Angolan President Jose Eduardo dos Santos renewed a $50bn pledge to build one million new homes for the poor, despite growing signs of weakness in the major African oil-producer’s public finances (News24).

OIL & GAS

Angola is self-sufficient in production of butane gas and has a total quota of some 600,000 tons per day (Macauhub).

Ten years after the start of operations, block 17 in Angola’s offshore has produced 1 billion barrels of oil from the Girassol, Dália, Rosa and Jasmin rigs (Macauhub).

AVIATION

Angola’s flagship airline TAAG is set to acquire more new Boeing 777-300ER aircraft in the middle of next year (Macauhub).

MINING

The provincial director for Industry, Geology and Mining for Angola’s Huíla province said that mining studies were underway to establish the minerals that exist in the province in order to allow them to be explored (Macauhub).

HOTELS

The Angolan government plans to convert the former railway stations of Caminhos-de-Ferro de Luanda (CFL), located along the Luanda/Ndalatando/Malanje route into hotels as of 2011 (Macauhub).

REAL ESTATE

The growth of Angola’s middle class, with the ability to buy their own house, is opening up prospects for investment in the highest real estate segment in Angola, according to a study by the Deloitte (Macauhub).

Cape Verde politics & regional

In Cape Verde on August 1, 2010 at 8:48 am

POLITICS

The president of opposition party MpD presented the political force’s platform for next year’s legislative elections, speaking about state reform – in which the main proposal is increased regionalization – and the economy. According to Carlos Veiga, the Cape Verdean economy is in freefall, and the government is to blame (A Semana).

Opposition leader Carlos Veiga believes the time has come to “institute a supra-municipal authority on the islands” to give regions greater autonomy and free the government of some of its administrative tasks. This regionalization concept is part of the administrative reform proposed by the MpD as a part of its governing platform for the 2011 legislative elections (A Semana).

DEFENCE

Minister of National Defense Cristina Fontes Lima officially received an Arcanjo coastal patrol vessel, a donation from the United States government in Mindelo. The vessel will be used to patrol Cape Verde’s seas in the fight against drug trafficking and other illicit activities (A Semana).

SANTIAGO

The government has signed a contract with the company that will carry out restoration and rehabilitation work on the road connecting Variante (São Domingos), Pedra Badejo (Santa Cruz) and Calheta (São Miguel) on the island of Santiago (A Semana).

The 450 million-escudo public subscription offer of Praia municipal chamber future bonds on the Cape Verde Stock Exchange “has been successful, with 100% of the offer having been underwritten.” The Praia municipal chamber has thus assured financing for the city’s new municipal market and will “immediately” get started with the call for bids for the project, which is expected to be concluded within a year (A Semana).

The City hall of Praia and the Public Municipal Parking Company of Lisbon (EMEL) signed a memorandum of cooperation for development of economic viability study of the parking area for relieving of Plateau (INforpress).

BOA VISTA

Robberies and muggings targeting tourists on the island of Boa Vista saw a slight increase in the first six months of 2010, in comparison with the same period last year. The local National Police command has received an average of one complaint per week (A Semana).

SANTO ANTAO

The Nova Experiência Marítima Community Association in Cruzinha, on the island of Santo Antão, is one of the winners of the 2010 Equator Prize in Africa for the work it has developed to protect seas turtles in Cape Verde (A Semana).

Cape Verde business & economy

In Cape Verde on August 1, 2010 at 8:47 am

TOURISM

“The State should play the role that belongs to it as an incentive-provider, promoter and leader of the tourism development process in Cape Verde,” according to Praia mayor Ulisses Correia e Silva, who spoke at the closing session of the Private/Public Forum on Residential Tourism organized by Promitur (A Semana).

The President of the Cape Verdean Association of Real Estate Tourism Promoters (PROMITUR), Olavo Correia, stressed the need to increase financial resources for the promotion of the destination Cape Verde (Inforpress).

BUSINESS

Multinational Vitol-SA, which specializes in the commercialization of fuel, is negotiating the purchase of 19 of Shell’s regional subsidiaries in Africa, including the company’s operation in Cape Verde (A Semana).

Cape Verdean fuel company Empresa Nacional de Combustíveis (Enacol), which is majority-owmed by Portugal’s Galp Energia, at the end of May had a market share of 60 percent (Macauhub).

A Cape Verdean delegation led by the president of the Leeward Islands Chamber of Commerce, Industry and Services participated in the 5th Community of Portuguese Language Countries (CPLP) Business Forum in Angolan capital Luanda, where it showed investment opportunities in the archipelago (A Semana).

AVIATION

The Cape Verdean government is negotiating the possibility of an open skies agreement with the European Union. Minister of Infrastructures, Transportation and Telecommunications Manuel Inocêncio Sousa revealed that the process “is not easy,” but did not deny the government’s hope of achieving an agreement, following the signing in June of a horizontal accord integrating all of the other accords entered into with the EU (A Semana).

Cape Verde’s TACV airline began a regular weekly flight to Madrid, meant to “attract Spanish tourists to the island country,” said the company’s director, Georgina Melo (Macauhub).

OIL

Brazil will support Cape Verde’s efforts to prospect for oil and gas in ultra-deepwater areas around the island country, the Brazilian president and Cape Verdean prime minister announced in Santa Maria (Macauhub).

POLLS

Angola business news

In Angola on August 1, 2010 at 8:46 am

POLITICS

Exiled leaders of the Angolan separatist group FLEC announced an end to their armed struggle for control of the African country’s oil-producing enclave of Cabinda (Reuters).

BUILDING OF THE WEEK

Render of the four towers of the SKY Centre in Luanda, currently under construction (Skyscrapercity).

LUANDA

The capital in a country where most of the population lives in poverty has overtaken Tokyo as the most expensive in the world for foreigners, according to a study by consulting firm Mercer. Foreigners plop down $15 for a cheeseburger, $150 for haircuts; $2,500 for a one-year gym membership and tens of thousands of dollars for rent (Reuters).

ECONOMY

Angola owes foreign building firms $9 billion, the Finance Ministry said, a higher figure than Angolan President Jose Eduardo dos Santos gave the previous day and one that could hamper its plans for a $4 billion bond (Reuters).

Angola’s unexpected $9 billion debt bill to foreign building firms will not affect its B+ rating as some payment arrears were expected and the country’s overall debt burden is low, ratings agency Fitch said (Reuters).

Portugal’s biggest buildling firm, Mota Engil, does not expect its first half results to be affected by millions of dollars in late payments from Angola, which represents 20 percent of its business (Reuters).

OIL

Angolan crude exports will fall to the lowest level in three-and-a-half years to 1.52 million barrels per day (bpd) in September, preliminary loading programmes showed (Reuters).

Brazil’s state-run oil company Petrobras discovered an oil field on the coast of Angola with at least 500 million barrels of high grade crude, the company said (Reuters).

INVESTMENT

Angola is looking for partners to contribute around $870 million to revamp three textile plants and jump start its once-prosperous textile sector, the nation’s mining and industry minister said (Reuters).

Angolan business group Gema three days ago presented an investment proposal to the Angolan National Private Investment Agency (ANIP), for construction of a steel factory in Bengo province, the group’s chairman, José Leitão said (Macauhub).