News from Cape Verde, Angola & Mozambique

Archive for October, 2010|Monthly archive page

Cape Verde Politics & Islands

In Cape Verde on October 29, 2010 at 7:56 am

ELECTIONS

The voter registration process in Cape Verdean communities abroad has reached a total of 19,410 émigrés so far, approximately 74% of the goal set by the government. The émigré drive will conclude in one month, and officials hope to have registered 25,000 Cape Verdeans living abroad by that time (A Semana).

DIASPORA

A native of Fogo Island, immigrant naturalized U.S. citizen; John Gomes could become, in 2011, the first Cape Verdean-born to be elected mayor to an American city: Bridgeport, Connecticut (Visao).

CORRUPTION

Cape Verde has risen one position to 45th place, with 5.1 points, on the 2010 Corruption Perception Index. Cape Verde is the third best-rated African country, after only Botswana, with 5.8 points, and Mauritius, with 5.4 points. The report is elaborated annually by Transparency International (A Semana).

BOA VISTA

Dublin-based businessman Ciarán Maguire, who is being sued by a group of investors in the €100 million Palm View resort on Boa Vista, has claimed that he refunded their deposits to the sales agency but that the money has not been passed on to the investors (Sunday Business Post).

SAL

SOS Tartarugas on the island of Sal is recruiting new volunteers for the protection of turtles next year (Turtle Conservation Jobs).

SANTO ANTAO

The damage caused to roads in the municipalities of Ribeira Grande and Paúl (Santo Antão) and Ribeira Brava and Tarrafal (São Nicolau) by flash flooding last weekend has begun to be repaired, according to assurances given to A Semana Online by Minister of Infrastructures, Transportation and Telecommunications Manuel Inocêncio Sousa.

The rains that fell over the weekend have cut off access roads to a number of zones and villages in the countryside of the municipality of Porto Novo, on the island of Santo Antão (A Semana).

DIASPORA

24-year-old Leila Lopes was born in Benguela, Angola, the daughter of Cape Verdean immigrants. She was recently crowned “Queen of Angolan beauty in the United Kingdom” and will participate in the Miss Angola 2011 competition, scheduled for December 18 (A Semana).

Cape Verde Business & Economy

In Cape Verde on October 29, 2010 at 7:55 am

BUILDING OF THE WEEK

Render of the La Collette appartments on the outskirts of Santa Maria, Sal (source).

ECONOMY

Some 24,000 people work in the informal sector in Cape Verde, according to a National Statistics Institute (INE) study made public today. The largest single portion of these units is found on the island of Santiago, with a particular concentration in Praia. The informal economy is a much more urban than rural phenomenon, and is characterized by a number of weaknesses (A Semana).

AVIATION

Private airline Halcyonair’s new aircraft – its second – has been christened “Santa Catarina” in honor of the company’s first clients, who would often travel among Cape Verde’s various islands to work on construction sites or in hotels on the islands of Boa Vista and Sal.

Passenger traffic at Cape Verde airports has increased in the third trimester of 2010 by 13.9 percent compared to the same period of 2009, representing an increase of 58.236 passengers within a total of 478.118 (Inforpress).

SPLIT SECOND POLLS

Angola Business News

In Angola on October 29, 2010 at 7:54 am

ECONOMY

Angolan President Jose Eduardo dos Santos said the economy was expected to grow at 4.5 percent this year and the kwanza currency was stable (Reuters).

The need for economic diversification is the “fundamental lesson” of the economic problems felt in 2009 in Angola, and it is worth noting that the oil sector currently accounts for less than half of the economy, Economy Minister Manuel Nunes Junior stated recently (Macauhub).

OIL & GAS

Italian oil and gas giant Eni said it had successfully tested an offshore well in Angola, raising initial estimates for oil discovery by at least 30 percent (Reuters).

The renovation and enlargement of Sonangol Logistica’s Lucala butane gas and oil derivatives storage station should be completed in June 2011, the unit’s director, Carlitos Domingos Francisco, has stated (Macauhub).

SPLIT SECOND POLL


RETAIL

Woolworths plans to enter oil-rich Angola as the premium South African food and clothing retailer looks to bolster its presence in other poor but fast-growing African markets (Reuters).

TELECOMS

The Unitel mobile telephone operator aims to count 6.5 million customers by the end of the year, up from the current 6 million, the company’s commercial director said (Macauhub).

SOCIAL

Angola has deported nearly 200 Congolese citizens, according to humanitarian reports, prompting fears of a new wave of mass expulsions that saw tens of thousands displaced last year (Reuters).

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POWER

The production of electric power in Angola will increase to 7,000 megawatts starting in 2011, which should meet most of the country’s needs, Energy and Water Minister Emanuela Vieira Lopes said in Luanda (Macauhub).

Cape Verde Politics & Islands

In Cape Verde on October 22, 2010 at 8:52 am

BOA VISTA

The fifty-odd dolphins that beached themselves and died on Estoril beach on the island of Boa Vista have been buried at the spot where they came ashore (A Semana).

The island of Boa Vista is facing a shortage of drinking water that began Thursday of last week. According to A Semana Online’s sources on the island, the situation is a delicate one, and could have been worse if the population has not taken advantage of water from recent rains to clean their homes and wash their clothes.

FOGO

The public University of Cape Verde, Uni-CV, inaugurates on Saturday the Vocational higher education courses for young people of the islands Fogo and Brava (Inforpress).

DIASPORA

A native of Fogo Island, immigrant naturalized U.S. citizen; John Gomes could become, in 2011, the first Cape Verdean-born to be elected mayor to an American city: Bridgeport, Connecticut (Visao).

SAL

A petition featuring more than one thousands signatures of individuals in favor turning Santa Maria, on the island of Sal, into its own municipality, was submitted to National Assembly speaker Aristides Pereira (A Semana).

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SANTIAGO

The official opening of the 2010/2011 academic year at the University of Cape Verde (Uni-CV) Tuesday was marked by the unveiling of new facilities on the university’s Palmarejo campus in Praia (A Semana).

SANTO ANTAO

The first step has been taken towards allowing agriculture on Santo Antão to have a “major positive impact” on families and on poverty reduction on the island. With the opening of the Agricultural Product Inspection and Conservation Center in the city of Porto Novo, farmers now see their potential market expanded after more than 20 years of embargo on the island’s vegetable products (A Semana).

SAO VICENTE

Judiciary Police seized two vehicles owned by suspects in the São Vicente municipal chamber land sale scandal. The vehicles in question belong to municipal secretary Avelino Lopes da Silva and Auriza, the wife of municipal chamber employee Victor Estrela (A Semana).

Negligence on the part of a Chinese fishing vessel docked near the Cabnave shipyard in Mindelo resulted in a fuel spill that produced a slick more than 20 meters long, obliging the Maritime Police to declare nearby Laginha beach improper for bathing (A Semana).

Cape Verde Business & Economy

In Cape Verde on October 22, 2010 at 8:50 am

AGRI

Agriculture is seeing a major boost in Cape Verde, with massive investments in irrigation, infrastructure, disease control and distribution. Age-old bottlenecks are finally overcome (Afrol).

AVIATION

Private airline Halcyonair’s new aircraft – its second – has been christened “Santa Catarina” in honor of the company’s first clients, who would often travel among Cape Verde’s various islands to work on construction sites or in hotels on the islands of Boa Vista and Sal.

Passenger traffic at Cape Verde airports has increased in the third trimester of 2010 by 13.9 percent compared to the same period of 2009, representing an increase of 58.236 passengers within a total of 478.118 (Inforpress).

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GAMBLING

The conditions for the development of gambling in Cape Verde are in place. Two specialists from the Ministry of Tourism, Industry and Energy attended an intensive course in Portugal and Macau, and the Ministry has established the foundations to spur the development of gambling as an added feature of Cape Verde’s tourist industry (A Semana).

SPLIT SECOND POLLS

Angola Business News

In Angola on October 22, 2010 at 8:47 am

ECONOMY

Angolan President Jose Eduardo dos Santos said the economy was expected to grow at 4.5 percent this year and the kwanza currency was stable (Reuters).

The need for economic diversification is the “fundamental lesson” of the economic problems felt in 2009 in Angola, and it is worth noting that the oil sector currently accounts for less than half of the economy, Economy Minister Manuel Nunes Junior stated recently (Macauhub).

AGRI

South African agro-industry entrepreneurs aim to invest in the production of animal fodder to supply sheep producers in Huila province (Macauhub).

BANKING

Angola Millenium Bank will start to open its doors on Saturday mornings (from  8 am to 13 pm, except for holidays) in order to improve its services (ANGOP)

OIL

Angola crude exports will drop in December as a disruption at the Plutonio terminal reduce shipments from the nation on Africa’s southwest coast, loading schedules show (Bloomberg).

Italian oil and gas major Eni and Angolan state-owned oil company Sonangol have made an important oil discovery at a well offshore Angola (Reuters).

Total has made a fresh oil discovery in an area off the coast of Angola, the French oil major said (Reuters).

BUILDING OF THE WEEK

A vision of the future Sambizanga New Town for Luanda, not yet under construction.

SHIPBUILDING

South Korea’s Daewoo Shipbuilding and Marine Engineering said it has agreed to buy a stake in Angola-based shipbuilder PAENAL. The current joint venture partners (Sonangol and SBM Offshore of Rotterdam)  have signed an agreement in which DSME will acquire a 30% share in the Paenal Joint Venture. Effective shareholdings after the transaction will be Sonangol 40%, SBM Offshore 30% and DSME 30% (SBM, pdf).

CONSTRUCTION

Angolan state owned oil company Sonangol, Banco Privado Atlântico (BPA) and the Portuguese building contractor company Mota-Engil signed  a memorandum of understanding establishing Mota-Engil Angola. The new building company will be owned 51 per cent by Mota-Engil and 49 per cent by a consortium formed mostly by Sonangol (20 per cent) and BPA with 11 per cent (ANGOP).

Cape Verde Politics & Islands

In Cape Verde on October 15, 2010 at 9:09 am

ELECTIONS

The number of Cape Verdean émigrés who have participated in the voter registration drive in the diaspora is up to 15,846, according to data from the Electoral Process Support Department (DGAPE). The figure, however, is far below the minimum target of 25,000 the DGAPE hopes to reach before the end of the operation on November 26 (A Semana).

FOREIGN AFFAIRS

The Cape Verdean government has presented the US federal government with the documents for construction of the second Millennium Challenge Account (MCA) compact. Water supply and sanitation, records, higher education and support for the private sector are areas considered to be a priority by the Cape Verdean government which, “sought to identify the principal constraints on the country’s development” (Macauhub).

LAW ENFORCEMENT

A 27-year-old woman was arrested by Judiciary Police at Praia International Airport, in possession of 3.244 kilograms of cocaine. The young woman was disembarking from a flight that had arrived from the northeastern Brazilian city of Fortaleza (A Semana).

FOGO

The Saudi Development Fund and the Arab Bank for Economic Development of Africa (BADEA) are to fund part of the construction of a ring road on Fogo Island (Macauhub).

SAL

Sal’s first film festival started. Over the course of four days, the film arts will be on display for residents of and visitors to the island (A Semana).

SPLIT SECOND POLL

SANTO ANTAO

The millipede pest has once again cast a shadow over the agricultural season in Paúl, on the island of Santo Antão. The local agricultural service representative says that perspectives for this year’s harvest in the municipality are not good, despite the large quantities of rain that have fallen in the region’s valleys and mountains (A Semana).

SANTIAGO

A consortium of three Portuguese construction companies is already carrying out the second phase of work to expand and modernise the port of Praia, worth 72 million euros, following conclusion of the first part of the project  (Macauhub).

SAO VICENTE

The São Vicente municipal chamber has taken out a 151 million-escudo bank loan to pave and re-pave the main traffic arteries of the city of Mindelo. The contract for the execution of the work has been signed with Portuguese construction company Armando Cunha (A Semana).

Minister of Internal Administration Lívio Lopes unveiled the Secure Automatic Exit and Entry Processing system, known by the Portuguese-language acronym PASSE, at São Vicente International Airport and at Sâo Vicente sea port (A Semana).

Cape Verde Business & Economy

In Cape Verde on October 15, 2010 at 9:08 am

ECONOMY

The homologous inflation rate registered by the Consumer Price Index in September was 2.7%, 0.3 percentage points lower than the previous month. The drop represents a change in the upward trend that had been seen since May of this year (A Semana).

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TRADE

Immigrants boost trade.  A Canadian study shows that statement holds true even with that country’s smaller trading partners. If one more Cape Verdean immigrates to Canada, that would increase exports to Cape Verde by about $300 (Globe & Mail).

AVIATION

Luxembourg’s flagship airway, Luxair, has begun flying to Cape Verde. A weekly flight between the European Grand Duchy and the islands of Sal and Boa Vista on a Boeing 737-800 is now being operated by the airline (A Semana).

BANKING

The Bank of West Africa of Guinea-Bissau and Caixa Económica of Cape Verde signed a cooperation protocol to support economic and commercial partnerships between the two countries (Inforpress).

SPLIT SECOND POLL

FISHING

Fishermen working in Cape Verde’s territorial waters will now be able to do so in the seas of São Tomé and Príncipe as well. The same will be the case for São Tomean fishermen, who are now allowed to fish in Cape Verde’s Exclusive Economic Zone. The two countries have signed a cooperation accord that also encompasses training and investigation in the fishing sector (A Semana).

ENERGY

The European Investment Bank and the African Development Bank will grant Cape Verde a 45 million-Euro loan for the four wind farms that are currently under construction on the islands of Santiago, Sal, São Vicente and Boa Vista. The two institutions consider Cape Verde’s renewable energy program a model, and highlight the fact that the wind farms will represent “the first large-scale production of wind energy in Africa” (A Semana).

TRANSPORT

The catamaran Kriola, the first of Cabo Verde Fast Ferry’s modern rapid marine transport vessels, will take to the seas in Singapore in a week and a half, more precisely on October 22, for final tests (A Semana).

HOTELS

Djad’Sal Hotel, on the island of Sal, closed its doors to clients and will try to re-organize in order to open again on December 15. Still uncertain is the future of the hotel’s workers, who have yet to be told if they will work during the two-month period (A Semana).

Angola Business News

In Angola on October 15, 2010 at 9:07 am

BUILDING OF THE WEEK

Render of the Kilamba Building for Luanda (Source: Skyscrapercity).

LUANDA

The chaotic maze of vendors’ stalls where Angola’s largest open-air market used to sit has been replaced by an empty landscape pockmarked by gaping holes. Roque Santeiro, once touted as Africa’s biggest market sprawled chaotically on the shores of Luanda Bay, was torn down on September 5 and moved 20 kilometres (12 miles) away as part of the capital city’s urban renewal plan (AFP).

DEFENCE

The Ministry of Defence of Angola is negotiating with the Brazilian aircraft manufacturer Embraer for the purchase of six reconnaissance Super Tucano planes. Novo Jornal quoted military sources to say that the deal is practically closed and will cost around 62 million dollars, an amount to which may be added a few more million to provide equipment (ABN).

OIL

Maersk Oil, the Nordic region’s second-largest producer, is examining opportunities in Greenland, the Gulf of Mexico, Brazil and Angola to revive production growth (Bloomberg).

Sonangol SA, Angola’s state-run oil company, and South Africa’s PetroSA Ltd. are considering setting up a joint venture to build and manage oil refineries, Angola’s oil ministry said (Bloomberg). Under the deal, PetroSA could get a stake in Angola’s new Lobito refinery (News24).

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AVIATION

The air transport agreement between Portugal and Angola was signed in Lisbon, outlining 14 weekly flights between the countries, Portugal’s National Civil Aviation Institute (INAC) said (Macauhub).

US airline Delta is to start flying to Angola on 20 January 2011 (Macauhub).

MINING

Gold mining in the Jamba municipality of Angola’s Huíla province is due to begin in 2012 (Macauhub).

TRANSPORT

Júlio Bango, director of the National Institute of Railroads of Angola (INCFA), said that it was vital that private companies become involved in the country’s railway sector (Macauhub).

BANKING

Retail banks operating in Angola performed positively and posted growth in 2009, according to the fifth edition of the Banking under Analysis study (Macauhub).

SOCIAL

The Angolan Government has made available US$5.3 million for the implementation and execution of social projects for 3,061 former soldiers in Bie province (Afrique en ligne).

Cape Verde Politics & Islands

In Cape Verde on October 8, 2010 at 9:24 am

POLITICS

Cape Verde is fourth place in the 2010 Mo Ibrahim Index on governance. Angola ended up 43rd (Macauhub).

In Cape Verde popular wisdom has it that “empty sacks have no strength to transport flour” — hungry people cannot work, hungry children do not learn. With this in mind the small African nation has been diligently working to eliminate malnutrition and hunger (Allafrica).

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FOREIGN AFFAIRS

The deportation of Cape Verdean immigrants from the United States is the theme of a conference to be held on October 27 at Bridgewater State College in Bridgeport, Connecticut. The conference is being promoted by the Cape Verdean Consulate in Boston (A Semana).

Cape Verdean diplomat José Luís Monteiro, who resides in Bern, Switzerland, has presented World Trade Organization general director Pascal Lamy with his letters of accreditation as the Cape Verdean government’s representative with the international organization (A Semana).

José Agnelo Sanches presented Cape Verde’s experience in the realm of poverty reduction during an ECOWAS symposium on “Development: new paths for Africa,” which took place in Ouagadougou, Burkina Faso (A Semana).

President Pedro Pires presided over the Cape Verde Day activities at the Shanghai Expo. After the Shanghai engagement, Pedro Pires will head to Tripoli, Libya, where he will participate in the second Arab-African Summit on October 10 as a guest of the Libyan President (A Semana).

DEFENSE

Cape Verde and East Timor are planning to begin cooperation in the realm of security and defense. A delegation headed by the vice-commander of the East Timorese Armed Forces, Brigadier-General Cristóvão Tito da Costa, is currently in Cape Verde to discuss the perspectives for military cooperation (A Semana).

BOA VISTA

Camels in Cape Verde? It might seem like a ridiculous idea, but such a scenario has become reality on the island of Boa Vista, the brainchild of two Italian men and a Cape Verdean woman who have now put it into practice (A Semana).

FOGO

The plentiful rain recently experienced in Cape Verde has brought with it a number of pests. One of these, the well-known southern green stinkbug, has spread through a number of agricultural zones on the island of Fogo, including Achada Furna, Monte Largo, Fonte Aleixo, Jardim and Saltos, to farmers’ despair (A Semana).

SANTO ANTAO

Finding enough labor in the agriculture sector in the municipality of Porto Novo, on the island of Santo Antão, is a tough task at the moment. Despite this year’s plentiful rains, there is a shortage of hands to work the fields. The municipality’s landowners are taking advantage of what few workers there are to maintain their hopes for a good harvest (A Semana).

DIASPORA

Joaquim A. “Jack” Custodio, the “community consultant” who championed racial justice in New Bedford for more than half a century, died after a long illness. He was 96 (South Coast Today).

Cape Verde Business & Economy

In Cape Verde on October 8, 2010 at 9:24 am

ECONOMY

The services sector accounts for 70 percent of Cape Verde’s gross domestic product (GDP), the Cape Verdean secretary of state for Foreign Affairs, Jorge Borges said (Macauhub).

Cape Verde’s debt to Portugal rose to 123.3 million euros, in this case due to a rise in direct debt to the Portuguese state, related to new pay outs on loans for road infrastructures (Macauhub).

SPLIT SECOND POLL

AVIATION

Luxembourg Luxair airline carried out the inaugural flight to Cape Verde, taking aboard 65 representatives of travel agencies and 30 journalists from Luxembourg, Belgium, France and Germany. The Luxair flights will be weekly to Sal and Boa Vista (Inforpress).

BANKING

The Praia neighborhood of Achada de Santo António is the site of the installations of Novo Banco de Cabo Verde, which opened its doors to the public. The Novo Banco de Cabo Verde aims to offer financial services and products that “correspond to a new approach to the banking market”, and intends to stand on “the front lines in the fight against the financial exclusion of members of lower income brackets and small businesses” (A Semana).

ENERGY

Portuguese company Avicano plans introducing a gas pipe network to provide Cape Verdean homes with direct gas hookups. Avicano managing associate Fátima Neto affirms that contacts have been made with Cape Verdean fuel distribution company Enacol and that, at least in an initial phase, the project would encompass only the city of Praia (A Semana).

Cape Verde’s first photovoltaic park is now in operation on the island of Sal, providing backup to the fossil fuel power station in Espargos. All of the park’s potential has been hooked up to the island’s main network (A Semana).

Cape Verde won 45 million euros ($62 million) in funding from the European Investment Bank and the African Development Bank to finance the construction of wind farms that will produce more than 28 megawatts of electricity (Bloomberg).

According to the EIB, “this will be the first large scale wind project in Africa and first renewable energy public private partnership in sub-Saharan Africa.” It is to stand model for other large-scale wind energy projects in Africa, which now may see the door open for external funding (Afrol).

TOURISM

The owner of the first UK tour operator to the Cape Verde islands is looking to sell his company. Cape Verde Travel has been offering packages to the islands since 1993, 15 years before the major operators such as Thompson moved in (TTG).

Angola Business News

In Angola on October 8, 2010 at 9:23 am

POLITICS

President Jose Eduardo dos Santos is shifting economic policy control to his office to concentrate power and improve policy coherence (Bloomberg).

BUILDING OF THE WEEK

Render of the Imokandandu Urban Block in Luanda (Source: Skyscrapercity)

LAW ENFORCEMENT

The Angolan government has invested US$62 million in buying 10 new ships for fishing inspecting in order to combat illegal fishing along the country’s coast, Minister Afonso Canga said (Macauhub).

DEFENSE

The 17th ordinary session of the Angola/Namibia Joint Commission on Defence and Security is starting today to discuss issues related to bilateral interest on defence, public and state security fields between the two countries (ANGOP).

Angolan president José Eduardo dos Santos promoted the new chief of general staff of the Angolan Armed Forces (FAA), Geraldo Sachipengo Nunda, to the rank of army general (Afrol).

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ECONOMY

President Jose Eduardo dos Santos has also appointed Jose de Lima Massano as Governor of the central bank to replace Abraao Pio dos Santos Gourgel (Reuters).

BANKING

Renaissance Capital, the Russian emerging-markets bank with operations in Africa, plans to expand next year into at least four new African countries, including Angola (Bloomberg).

Absa Group, the South African bank controlled by Barclays, wants to focus expansion in Africa on Angola and other states (Bloomberg).

Banks operating in Angola performed positively in 2009, despite the international financial crisis that also affected the Angolan economy, the director of Deloitte Angola, Rui Santos Silva said (Macauhub).

INVESTMENT

Eight companies from the Singapore-based DT group, plan to invest US$931 million in several business sectors under the terms of contracts signed in Luanda with Angola’s National Agency for Private Investment (ANIP) (Macauhub).

TOURISM

The tourism sector in Angola made it possible to create 31,900 jobs in 2009, raising the sector total to 134,600, according to the Statistical Bulletin of the Angolan Hotel and Tourism Market (Macauhub).

Cape Verde politics & regional

In Cape Verde on October 1, 2010 at 9:07 am

POLITICS

The Bank of Cape Verde (BCV) released the commemorative coin of 35 years of national independence and 550 years of discovery of Cape Verde (Inforpress).

Cape Verde’s population recorded 13 percent growth between 2000 and 2010, rising to 491,575 inhabitants, the National Statistics Institute (INE) announced during presentation of the preliminary population census results (Macauhub).

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FOREIGN AFFAIRS

The International Monetary Fund concluded its latest mission to Cape Verde. Delegation leader Valerie Cerra praised the country’s “prudence” and the “clear” indicators of recovery of the Cape Verdean economy. Minister of Finance Cristina Duarte expressed satisfaction with the results of the IMF mission (A Semana).

The International African Book Salon, which is currently taking place on the island of Tenerife, in the Spanish Canary Islands, promoted a debate last weekend on the role of the translator. Cape Verdean writer Germano Almeida participated in the discussion (A Semana).

LAW ENFORCEMENT

Minister of Justice Marisa Morais confirmed to the media the extradition from the United States to Cape Verde of the former director the prison of São Martinho (surroundings of Praia), Carlos Graça (Inforpress).

Cape Verde and the United States of America signed a letter of agreement on the control of narcotics and law enforcement. The US Government granted a fund to the archipelago of 500 thousand dollars to strengthen institutions of criminal law (Inforpress).

BOA VISTA

The Boa Vista and Maio Integrated Tourist Development Corporation (known by the acronym SDTIBM) have developed an Economic and Social Fund in the city of Sal Rei. The fund is aimed at supporting programs to improve housing, employment and professional training conditions on the island of Boa Vista (A Semana).

SANTIAGO

The government of Cape Verde may soon begin construction of a ‘little Brasilia’ in the capital Praia to house the ministries and other public departments on the island – a project taken up by Prime Minister Jose Maria Neves. The local newspaper O Liberal reported that the idea was born during the recent visit by Brazilian President Luiz Inacio Lula da Silva to Sal Island and has an approximate cost of 150 million euros (17 billion Cape Verdean escudos) (Macauhub).

SANTO ANTAO

Two homes owned by Cape Verdean émigrés from the city of Porto Novo have been broken in to over the past several days, causing considerable losses to the owners (A Semana).

One hundred and fifteen farmers of Santo Antão shall benefit from three local irrigation systems, an investment of nine thousand contos, said the Minister of Environment, Rural Development and Marine Resources, José Maria Veiga (Inforpress).

Cape Verde Business & Economy

In Cape Verde on October 1, 2010 at 9:06 am

ECONOMY

Cape Verde has already begun to feel signs of recovery from the international crisis. The affirmation comes from Minister of Finances Cristina Duarte, who reveals that customs revenues in the country grew by more than 60 million escudos between 2009 and 2010 (A Semana).

The European Union (EU) has just concluded, preliminarily, that Cape Verde has fulfilled almost the totality of the recommendations on the quality control of fishery products issued by its inspectors in 2009, having thus been able to export to Europe (Inforpress).

BANKING

The Bank of Cape Verde (BCV), which celebrated its 35th anniversary, plans soon to boost its role as a regulator of financial institutions operating in the country, its chairman Manuel Frederico said (Macauhub).

ENERGY

The project for the wind farms currently being installed in Cape Verde was presented to the public in Mindelo. The 65 million-Euro project, according to the president of Cabeólica, Fábio Borba, will allow Cape Verde to save some 20,000 metric tons of fuel per year – a volume worth some 12 million Euros (A Semana).

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SPLIT SECOND POLL

PORTS

With the exception of a few minor adjustments work has concluded and the unveiling of the first phase of the expansion of Praia sea port is scheduled to take place on October 14 (A Semana).

TOURISM

Since the beginning of this year, Cape Verde’s tourism sector has been growing rapidly after a year of low revenues (Afrol).

Angola Business News

In Angola on October 1, 2010 at 9:05 am

POLITICS

Reports of an imminent government reshuffle and rising tension between the ruling MPLA party and the main opposition UNITA party are worrying investors in the major African oil producing nation of Angola (Reuters).

BUILDING OF THE WEEK

Artist’s view (from the air) of the Comandante Gika project in downtown Luanda (source: Skyscrapercity)

ECONOMY

Angola, Africa’s third-largest oil producer, has cut its economic growth forecast for the second time in two months as government debt arrears delay construction work, the Finance Ministry said (Bloomberg).

The International Monetary Fund approved a $353 million disbursement to Angola as part of a $1.3 billion loan after reviewing the government’s policies, including efforts to reduce the economy’s vulnerability to volatility in the price of oil (Bloomberg).

The National Private Investment Agency (ANIP) will approve by this coming December foreign direct investment proposals estimated at US$6 billion (Macauhub).

Angola’s foreign exchange reserves rose to $15.77 billion in August from $15.29 billion in July, an internal central bank document showed, confirming comments made by the deputy governor of the bank earlier this month (Reuters).

OIL

Statoil says it has struck oil offshore Angola. The Norwegian company made a discovery at Cabaca South East-2 and raises oil estimate in place by 30 percent. Statoil has a 5 percent stake in the block, Eni has 35 percent while Angola’s Sonangol holds the concession (Reuters).

TWITTER & LINKEDIN

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AGRI

The Programme to Boost Agriculture in Amboim, carried out in an area of 10,000 hectares of Kwanza Sul province, is expected to make it possible to harvest 5,000 tons of coffee in 2012 (Macauhub).

AVIATION

Delta Air Lines will add Luanda, Angola as its eighth destination in the airline’s Africa route network January 20, 2011, available for booking October 2. Operating three times a week on-board the 243-seat Airbus A330-200 aircraft, service will fly between Delta’s hub at Hartsfield-Jackson Atlanta International Airport and Luanda, with an intermediate stop in Dakar, Senegal.

LAW ENFORCEMENT

The inspector general of the National Police, commissioner Salvador Rodrigues, appealed for the defence and dissemination of moral and civic values within the ranks of the corporation, seeking a service with professionalism and education of citizens (Afrol).