News from Cape Verde, Angola & Mozambique

Archive for July, 2011|Monthly archive page

Cape Verde Politics & Regional News

In Cape Verde on July 28, 2011 at 5:42 pm

ELECTIONS

The four candidates running in the August 7 presidential elections participated in their second debate beginning onJuly 27, broadcast live on Cape Verdean National Radio (RCV) and Cape Verdean National Television (TCV). Aristides Lima, Joaquim Monteiro, Jorge Carlos Fonseca and Manuel Inocêncio Sousa presented their arguments in an attempt to convince voters, particularly undecided ones, of the consistency of their respective proposals (Picture A Semana).

Over the last few days, as the battle raged, on Aristides Lima called on supporters and adversaries to exercise verbal restraint, while Sousa promised a “cultural presidency” and Fonseca says he will be a “clean president with a sound body”.

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POLITICS

In reaction to Prime Minister and PAICV leader José Maria Neves’ recent declarations regarding Amílcar Cabral, political party UCID has exhorted the party and its chairman to clarify who they believe to be responsible for the death of the leader of the struggle for the independence of Cape Verde and Guinea Bissau (A Semana).

Earlier, the leader of opposition party MpD demanded that José Maria Neves “explain, prior to the presidential elections, the declarations he proffered about the death of Amílcar Cabral, so that the people may vote in good conscience.” Carlos Veiga also expressed “great surprise” with the “very serious” affirmations made by Prime Minister and PAICV leader Neves (A Semana.

INTERNATIONAL

António Monteiro, who ruled the archipelago off the West African coast between 1991 and 2001, was unveiled as a nutrition advocate by the Nutrition Working Group for West Africa, an organisation of U.N. agencies and non-governmental organisations that will support Monteiro during his two-year post (AlertNet).

DEFENSE & SECURITY

Twenty-nine National Police officers from all of the squadrons in the country are taking a month-long course in the area of criminal investigation. The course is in its second week at the National Training Center in Praia and encompasses the modules “Inquiry” and “material and personal evidence-gathering” (A Semana).

The Chief of Staff of the Angolan Armed Forces, Sachipengo Geraldo Nunda, started a visit to Cape Verde, among other things discussing with his Cape Verdean counterpart, Fernando Pereira, the state of military-technical cooperation between the two institutions (Inforpress).

President Pedro Pires of the Republic considered the attack on Thursday July 21st in Praia against Praia District Judge Faustino Varela Monteiro, as “serious” (Inforpress).

SAL

A little bit of controversy has been created with an article in A Semana which states that turtles could disappear from Sal in five years time. There are a number of inaccuracies in the article, such as the fact that hunting has increased and that there have already been turtles killed this summer – neither of these comments are true.  In addition, the figures quoted at the end reflect what is probably a natural fluctuation in nesting on Sal (SOS Tartarugas).

SAO VICENTE

The vehicle owned by former São Vicente mayor Onésimo Silveira was completely destroyed by a fire in the early morning hours of Tuesday, July 26, in front of his home in the Selada de Baleia district of the island. Silveira told A Semana Online that he has no doubt the fire was an act of arson.

DIASPORA

The cycle of debates known as the Tertúlia Crioula, which takes place every month in Portuguese capital Lisbon, will promote a debate this Saturday, July 30, featuring the youth campaign directors in Portugal of three of the candidates in Cape Verde’s August 7 presidential elections (A Semana).

The number of foreigners living in Portugal dropped nearly two percent in 2010, with the number of Cape Verdean immigrants living in the Western European country down 9.96% since last year. Even so, the Brazilian and Cape Verdean communities in Portugal continue to be the most numerous, while Romanian immigrants form the largest community of immigrants hailing from a fellow European Union country (A Semana).

Cape Verde Business & Economy News

In Cape Verde on July 28, 2011 at 5:41 pm

PROJECT OF THE WEEK

Render of the marina at the Calheta Bay mega project for Sal Island (source).

ECONOMY

A number of Cape Verdean companies are trying their luck on the US market. According to congressman Barney Franks, known as a defender of Cape Verdean immigrants in the United States, “conditions are being created for this new stage in relations” between the two countries (A Semana).

AVIATION

The São Vicente Aeroclub has already begun flying. With the authorization of the Civil Aviation Agency in hand, the project’s mentor, Marcelo Meggiorina, carried out the first flight to the island of São Nicolau (A Semana).

FISHERIES

Karolina Ostrzyniewska, Poland’s Permanent Representative to the EU, acting on behalf of the Polish EU Presidency, and Maria de Jesus Veiga Miranda Mascarenhas, Ambassador of the Republic of Cape Verde, signed on 27 July in Brussels the new protocol setting fishing opportunities for EU vessels in Cape Verde’s waters and the corresponding financial compensation under the fisheries partnership agreement between the two parties. In the framework of these partnerships, the European Union provides third countries with technical and financial support for the development of their fishing sector, in exchange for which it obtains access to surplus resources in their exclusive economic zone. The new protocol was signed for a period of three years. It establishes compensation of €435,000 annually for Cape Verde’s fishing sector (Europolitics).

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REAL ESTATE

Thousands of Brits have lost money on an overseas property purchase in a wide range of countries in recent years, mainly due to the global credit crunch, which restricted funding for many proposed schemes partly sold off-plan, while some developers simply went bust. Prospective purchasers are now allowed to reserve a new home in Cape Verde at the Santa Monica Beach Resort and Spa by transferring their lost reservation deposit, usually in the region of £5,000-£15,000 (A Place in the Sun).

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Atlantico Weekly’s Angola Business News

In Angola on July 28, 2011 at 5:40 pm

ECONOMY

Angola’s foreign-exchange reserves increased 5.9 percent in June, an official central bank preliminary document obtained by Bloomberg News today showed (Bloomberg).

Angola was the Portuguese-speaking African country that received the most foreign direct investment (FDI) in 2010, with a total of US$9.9 billion, according to the World Investment Report 2011 from the United Nations Conference on Trade and Development (Macauhub).

The Angolan government is analysing “in depth” the possibility of taking part in the privatisation programme in Portugal, the minister of State and head of the Civil House of the Angolan Presidency, Carlos Feijó said (Macauhub).

INTERNATIONAL

Angolan security forces are waging a campaign of terror — including sexual abuse — on Congolese migrants who cross the border illegally looking for work, aid agencies have claimed (Mail & Guardian).

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ATLANTICO

The 34 Brazilian companies that took part in the 28th Luanda International Fair (FILDA 2011) in Angola ended the event with expected business deals worth some US$32 million over the next 12 months, said  Brazilian export promotion agency Apex Brasil (Macauhub).

AVIATION

The governments of Kenya and Angola have concluded and signed the Bilateral Air Services Agreement (BASA) paving way for Kenya Airways to expand its operations into the Southern Africa country. As a result of the BASA, Kenya will now operate up to 3 weekly frequencies to Angola. For All-cargo operations, Kenya Airways will enter into co-operative arrangements with TAAG- Angolan airlines later in the year when KQ acquires its first freighter B747. The BASA also allows Kenya Airways to operate its route schedule from Kenya to any points in Angola with a provision of operating to destinations beyond using Angola as an intermediate point. This provides the pride of Africa with an opportunity to fly to South America via Luanda (African Aviation News).

BANKING

Portuguese financial group BCP plans to set up a stake-holding company (SGPS) in partnership with Angolan oil company Sociedade Nacional de Petróleos de Angola and Banco Privado Atlântico for future expansion in Africa (Macauhub).

Finibanco Angola, which is 60 percent-owned by Portuguese financial group Montepio Geral and 40 percent by local investors is due soon to carry out a capital increase of US$30 million, the chairman of the Portuguese bank, Tomás Correia said (Macauhub).

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OIL & GAS

Cobalt International Energy Inc said it will abandon an exploration well off the coast of Angola hampered by technical difficulty in drilling, sending its shares down as much as 11 percent (Reuters).

TRANSPORT

Luanda railroad company, Caminhos-de-Ferro de Luanda (CFL) in the first six months of 2011 posted turnover of over 90 million kwanzas (US$967,000) by carrying out 2.617 journeys along its suburban and long haul routes, the company’s chairman, Osvaldo Lobo do Nascimento said (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on July 21, 2011 at 7:57 pm

ELECTIONS

The presidential elections of August 7th will have more than 300,000 registered voters and the National Elections Commission (CNE) will increase to almost 1,200 polling tables (Inforpress).

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OPINION

The Cape Verdean government should also be aware that other countries aren’t simply sitting around twiddling their thumbs. In a competitive world, those who are easiest to do business with will win the minds and hearts of investors along with substantial FDI (foreign direct investments). According to the Doing Business 2011 Report, Cape Verde ranked 132nd out of 183 countries which represents an improvement of 10 places on the list since 2010. This means Cape Verde falls just above the bottom quarter of all of the countries in the world. Read how Cpa Verde could improve the ease of doing business in Cape Verde at the InvestinCV blog.

INTERNATIONAL

Luxembourg’s minister for Cooperation and Humanitarian Action, Marie-Josée Jacobs,  signed the Indicative cooperation Programme (PIC) for the 2011-2014 period, involving a financial packages of around 60 million euros (Macauhub).

CULTURE

Tarrafal, on the island of Santiago, awoke this morning to the sad news of the death of Eneida Nelly, the young author of the book of poetry Sukutam (Listen to Me) (A Semana).

DEFENSE & SECURITY

The new regional National Police commanders for Praia (João Gonçalves) and Santa Catarina (Alcides da Luz) were sworn in. The ceremony was presided over by Minister of Internal Administration Marisa Morais at the National Police Training Center in Praia (A Semana).

SAL

A group of Sal residents is organizing a protest against water and electricity utility Electra to demonstrate their discontent with the water shortage on the island, which is going into its second month. A petition signed by more than 150 people was handed over the local Electra officials (A Semana).

Cape Verde Business & Economy News

In Cape Verde on July 21, 2011 at 7:56 pm

PROJECT OF THE WEEK

Render of the planned 98-room Hotel Marisol for the capital Praia, currently awaiting financing  (source).

ECONOMY

Cape Verde is moving closer to the group of Portuguese-speaking countries creating the greatest value in industrial terms. Angola and Mozambique were the lusophone countries with the quickest pace of industrialization over the past two decades, but its industries continue to create relatively little value, according to a report presented by several United Nations agencies (A Semana).

Cape Verde’s economic growth rate slowed in the second quarter, reversing the growth trend of previous quarters, according to the archipelago’s National Statistics Institute (INE) (Macauhub).

The Cape Verde inspector-general for gaming, José Augusto Cardoso, said that there are businesspeople interested in investing in casinos in the country. “As yet there are no licensed locations because the government has not launched the tender for granting gaming area concessions, but interest has been stated by national and foreign investors that want to operate in this sector, “ Cardoso said (Macauhub).

AVIATION

More than 15,000 passengers are expected to pass through São Pedro International Airport, on the island of São Vicente, between the months of July and September, according to airport director Nuno Santos, who explains that most of these passengers will come from Europe (A Semana).

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FISHERIES

Two fishing vessels have been intercepted and seized by the Coast Guard off the island of Sal. The vessels, one of which is Senegalese and one of which is Cape Verdean, were allegedly fishing illegally in Cape Verdean waters. Last week, another vessel was seized off the coast of Sal for illegal fishing. The ship, which flies a Dutch flag, remains at Palmeira sea port (A Semana).

The Cape Verdean government has concluded negotiations with US companies that will soon make it possible to export fresh and frozen fish from the south of the West African archipelago to the United States of America, the Cape Verdean secretary of State for Marine Resources said in Praia (Macauhub).

TOURISM

The School of Hospitality and Tourism in Cape Verde (EHTCV) was inaugurated  Tuesday, July 19th, by Prime Minister  José Maria Neves (Inforpress).

Nikki Beach, which made its name as a chic South Beach club, is planning to open several branded hotels over the next few years. Nine hotels are set to start opening next year in locations including Qatar, Croatia, Greece, Egypt and the Cape Verde Islands (Miami Herald).

Atlantico Weekly’s Angola Business News

In Angola on July 21, 2011 at 7:56 pm

ECONOMY

The Angolan economy is showing, “clear signs of recovery,” and provides a “favourable climate for investment,” teh country’s Vice President, Fernando da Piedade Dias dos Santos said (Macauhub).

DEFENSE & SECURITY

The creation of the Naval Academy in the country will enable the training of Angolan Navy officers in various specialities and avoid the high cost of training abroad. This was said by the chief of Staff of the Angolan Armed Forces (FAA), gen. Geraldo Sachipengo Nunda. Gen. Nunda was speaking at the opening of the academic year and inauguration of the Angolan Naval Academy, located in the Luanda Island (Angop).

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ATLANTICO

In 2010 Angola became Brazil’s third-biggest destination for Brazilian exports to Africa and in the same year imported goods from Angola worth US$947.1 million the business director of Brazilian export promotion agency Apex Brasil said (Macauhub).

The 28th edition of the Luanda International Fair (Filda) opened its doors Tuesday with over 600 Angolan and foreign exhibitors from 36 countries. The guest of honour is Brazil, which has 33 exhibitors at the fair (Macauhub).

AVIATION

Angolan flagship airline Taag announced that last week it had carried out its first commercial flight between Luanda and Havana, Cuba. The flight was carried out using a Boeing 777-300ER aircraft and carried 249 passengers (Macauhub).

BANKING

Portuguese bank BPN’s board said in a statement that Portuguese bank Montepio Geral, Angola’s BIC bank and a consortium of Portuguese businessmen had placed bids for takeover, with the identity of the fourth bidder unknown (Reuters).

MINING

Angolan lawmakers approved a new law that will cut taxes on mining to help boost exploration for minerals and reduce the country’s dependence on oil, said Joaquim David, the mines minister. The tax will decline to 25 percent from 30 percent, David said in parliament, in the capital, Luanda (Bloomberg).

OIL & GAS

Angola has 90 days to start implementing a law that ended Sonangol Holdings’ oil products monopoly, Oil Minister Jose Maria Botelho de Vasconcelos said. Lawmakers in the country, which vies with Nigeria as Africa’s biggest crude producer, voted in the capital, Luanda, to allow private companies to refine crude and distribute, store, trade and transport oil products (Bloomberg).

A refinery is due to be built in the Angolan province of Zaire in order to meet demand for oil derivatives in the Angolan market, Angola’s oil minister, Botelho de Vasconcelos said (Macauhub).

Portuguese oil group Galp Energia has launched a new phase of development of projects in Angola and expects to invest US$140 million in 2011, mainly in oil and gas exploration and production (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on July 14, 2011 at 4:05 pm

NATIONAL

The population of Cape Verde has risen from 201,000 people in 1960, when the first population census was carried out on the archipelago, to 492,000 in 2010, the chairman of the National Statistics Institute (INE), António Duarte said this week in Praia (Macauhub).

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INTERNATIONAL

The visit Prime Minister José Maria Neves had planned to make to Guinea Bissau between July 10 and 12 has been postponed indefinitely. The premier says that the trip was cancelled due to a request from Guinea Bissauan President Malam Bacai Sanhá, who is away from the country on an official mission (A Semana).

DEFENSE & SECURITY

The commander of French Forces in Cape Verde and Senegal, General Paulus Olivier, announced for the first quarter of 2012 the execution of the third Franco-Capeverdean military exercise in the Cape Verde archipelago, with the aim to increase control over traffickers at sea (Inforpress).

BOA VISTA

Expansion work on Boa Vista High School is slated to begin by the end of the year, according to guarantees provided by Education Ministry officials who visited the island for an exhaustive assessment of the local educational situation (A Semana).

FOGO

The island of Fogo registered the first rainfall of the season in the early morning hours of Wednesday, July 13. Farmers on the island consider the precipitation to be the prelude to a good agricultural season (A Semana).

SANTIAGO

On Friday, July 15, Prime Minister José Maria Neves will preside over the unveiling of the new Santa Cruz municipal market. The project, which cost the Santa Cruz municipal chamber some 200 million escudos, will definitively resolve the problem of sales on the streets of the city of Pedra Badejo and the consequent lack of hygiene. The act is scheduled for 9:00 am in the Achada Fátima district of the municipality (A Semana).

DIASPORA

Cape Verdeans celebrate Independence Day at India Point Park in Massachusetts (Projo).

Cape Verde Business & Economy

In Cape Verde on July 14, 2011 at 4:04 pm

PROJECT OF THE WEEK

The developing skyline of downtown Praia, capital of Cape Verde.

AGRI

Weather forecasts for West Africa this year indicate the likelihood of pentiful rains in Cape Verde. Concrete information on Cape Verde will only be made available later this week, but data on the region in general posted on the African Center of Meteorological Application for Development (ACMAD) indicates that rainfall will be “higher than normal” in the period between July and September (A Semana).

The delegation of the Ministry of Rural Development (MDR) in Santo Antão is creating the conditions for the beginning of the certification of agriculture and livestock products originating from this island, which should happen later in this year (Inforpress).

AVIATION

Airport and Air Security company ASA has decided to harden its position against airlines to force them to honor their debts. The first “victim” of this stance is Cabo Verde Express, which refused to enter into any debt payment commitment with ASA. As a result, the company’s credit will be cut off and will only be able to carry out operations through pre-payment. Cape Verde’s other two airlines, TACV and Halcyonair, are also in ASA’s sights (A Semana).

Cape Verde airline (TACV) has already started direct flights from Barcelona to the island of Sal, which then have two connections per week from Spain (Inforpress).

FISHERIES

Cape Verdean entrepreneurs and U.S. are in negotiations to export fish to the United States of America (USA), the Secretary of State for Marine Resources, Adalberto Vieira, revealed in Praia (Inforpress).

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TOURISM

The Oásis PraiaMar Hotel in Praia is once again a contestant in the World Travel Awards. In the 2011 edition of the contest, it has been nominated in the same category in which it came out the winner in 2008 – Best Hotel in Cape Verde (A Semana).

To create more options of rooms, more pleasant and cozy for guests, the Oasis Atlântico is investing in 30 new bungalows in the Belorizonte Hotel in Sal Island. These new rooms will be part of a superior category and will join the 30 recently remodeled bungalows and the 2 family suites (Oasis Atlantico).

The program “Education for Tourism” is intended to be the answer to the much needed qualification of human resources for the sector. The new program was announced by the General Director for Tourism, Carlos Pires Ferreira, confirming that next September the first campaigns will start to change attitudes (Inforpress).

Atlantico Weekly’s Angola Business News

In Angola on July 14, 2011 at 4:02 pm

INTERNATIONAL

Germany wants a closer relationship with resource-rich Angola, Chancellor Angela Merkel said on a visit to the southwest African country which she offered coastguard ships and industrial cooperation. “Germany is ready for an energy and raw materials partnership,” Merkel said after meeting Angolan President Jose Eduardo dos Santos in the capital Luanda (Reuters).

Angola is reaping “immense rewards” from its cooperation with China without having to give up its economic, political and cultural autonomy, according to the Portuguese Institute of International Relations and Security (IPRIS) (Macauhub).

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DEFENSE & SECURITY

Germany plans to sell patrol ships to the Angolan navy to help it “modernize” its fleet and enable the southwestern African nation to protect its maritime borders, Angola President Jose Eduardo dos Santos said (Bloomberg).

The Angolan Navy is also looking to strengthen ties and increase opportunities with the U.S. Navy. Vice Admiral Harry B. Harris Jr., commander of U.S. 6th Fleet, arrived in Luanda to celebrate the 35th anniversary of the Angolan Navy during a five-day visit to Africa (USAfricom).

ECONOMY

Angola’s economic growth will pick up in 2012 after falling below forecast this year, and may even exceed 10 percent, President Jose Eduardo Dos Santos said (Bloomberg).

Angola’s sovereign debt rating was raised one step by Standard & Poor’s, helping plans for a debut sale of dollar bonds as surging oil prices restored the country’s fiscal and current account balances to surpluses (Bloomberg).

Angola’s central bank sold $80 million of foreign currency at an auction on July 8, Banco Nacional de Angola said (Bloomberg).

Customs duties, port tariffs and consumption taxes on products such as rice, sugar, beans and powdered milk will be lowered or removed (Bloomberg).

LUANDA

Luanda in Angola remained the world’s most expensive city as accommodation prices hit a record (Bloomberg).

CABINDA

US oil company Chevron has started to set up a business centre in the Angolan province of Cabinda along with its partners Sonangol, Total, ENI and Galp Energia to provide technical support to small and medium-sized companies (Macauhub).

AVIATION

The maiden commercial flight of the second of two Boeing 777-300Ers recently bought by Angolan flagship airline Linhas Aéreas de Angola (Taag) is due to be carried out linking Luanda to Sao Paulo, in Brazil (Macauhub).

MINING

South African diamond group De Beers over the next three years plans to invest around US$130 million in Angola’s Lunda Norte province (Macauhub).

RETAIL

Portuguese group Sonae plans to open four hypermarkets in Luanda and become the leader of the retail market in the country, said the company’s chairman, Paulo Azevedo, during the presentation of its sustainability report for 2010 (Macauhub).

OIL & GAS

Portuguese oil group Galp Energia has scheduled investments of 100 million euros this year in Angola, which will almost entirely be used for oil and natural gas exploration (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on July 7, 2011 at 7:20 pm

POLITICS

A reference to awaken the collective memory of the Cape Verdean people, reaffirm national identity and outline the destiny of Cape Verde in a globalized world – all of this was proposed in the solemn session in the Abílio Duarte Noble Hall of the National Assembly in Praia. July 5th marks the 36th anniversary of the independence of a country that was at the time considered unfeasible, but which is today pointed to as a success story (A Semana).

“In the name of President Obama and of the American people, I am pleased to express my best wishes to the people of Cape Verde on the occasion of the 36th anniversary of your independence on this 5th of July,” begins a message sent by United States Secretary of State Hillary Clinton to Cape Verdean authorities (A Semana).

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INTERNATIONAL

East Timorese President José Ramos-Horta, arriving at Praia International Airport, admitted that one of his country’s “major obstacles” is “the lack of human resources.” In this sense, the East Timorese head of state plans to ask for Cape Verde’s cooperation in the domain (A Semana).

Manuel Inocêncio Sousa has promised that, if he is elected President of the Republic, he will undertake efforts to help Cape Verdeans who have been living in São Tomé and Príncipe for more than 50 years return to their native country (A Semana).

FOGO

A group of technicians from the Public Health Office in São Filipe, on the island of Fogo, destroyed more than 800 kilograms of products whose expiration date had passed, according to José Vieira de Pina, a member of the office (A Semana).

SANTIAGO

A roller coaster, bumper cars, a toboggan ride, a merry-go-round and a food court and cultural area will all be part of the 5 de Julho Park children’s park, work on which has begun to be undertaken by construction company Editur. Construction work, budgeted at some 150 million escudos, is expected to be concluded by December (A Semana).

SANTO ANTAO

Congratulations to Silvana Roque and her team at Projecto Vito who have started a turtle conservation project in Porto Novo, the main town on the island of Santo Antão (SOS Tartarugas).

SAO NICOLAU

The Tarrafal de São Nicolau municipal chamber promoted a workshop on the protection of sea turtles, which come ashore to nest on the municipality’s beaches every year (A Semana).

Cape Verde Business & Economy

In Cape Verde on July 7, 2011 at 7:20 pm

PROJECT OF THE WEEK

The Copacabana residential complex on Laginha Beach, Mindelo, Sao Vicente.

AVIATION

The chairman of Cape Verdean state airline TACV, António Neves said in Bissau, the capital of Guinea Bissau, that the company may launch scheduled flights between Bissau and Lisbon (Macauhub).

OPINION

Electra, the national power utility, supplies electricity in the nine inhabited islands of the country and also operates as a water distribution utility in the four main islands. Electra’s financial performance has deteriorated rapidly, mainly due to lack of investments in generation, delayed and partial tariff adjustments, customer arrears, obsolete equipment, and an escalation of non-technical losses due to fraud and unauthorized connections to the grid. Learn how Electra can fix its energy problems and cut its losses (InvestinCV blog).

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Angola Business News

In Angola on July 7, 2011 at 7:19 pm

ECONOMY

Angolan inflation has slowed consistently as the central bank pursued policies to strengthen the kwanza, Luanda-based Agencia Angola Press reported today, citing central bank Governor Jose de Lima Massano (Bloomberg).

Angola’s net foreign reserves increased in May by around 9 percent to US$20.1 billion, driven by a rise in the price of oil, the country’s main export product (Macauhub).

AVIATION

TAP was forced to discontinue the two extra weekly flights on the Lisbon/Luanda/Lisbon route that had been added to the company’s current schedule of 10 weekly flights to cover this summer’s peak period from 4 July to mid-September. Angolan authorities failed to authorise the flights, despite a memorandum of understanding that had been established between the aviation authorities of the two countries providing for an increase in the number of flights up to 14 per week (TAP).

Angolan Air Transport Company (TAAG) inaugurated in the early hours of Saturday the air link between Luanda and Porto, Portugal, with the aircraft 777-200 ER, called “11 de Novembro” (Angop).

TAAG plans to fly to the United States of America and this will be one of the main challenges of the company’s board of directors, said the chairman of TAAG, Pimentel Araújo last weekend in Luanda (Macauhub).

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BANKING

Sonangol has a bookkeeping loss of 655 million euros in its shareholding in Portuguese bank Millennium bcp, according to calculations by Angolan newspaper Novo Jornal (Macauhub).

BOOKS

Combat experiences are like Tolstoy’s unhappy families: no two are alike, which may be why they often make for great novels, as Tolstoy also knew. The cause need not even be noble, since a hopeless situation and senseless violence can actually fortify a work of fiction. Certainly that is the case with António Lobo Antunes’s “Land at the End of the World,” set in Angola in the early 1970s, as Portugal’s ludicrous effort to preserve its African empire was meandering to an inglorious end (The New York Times).

OIL & GAS

Angola is ready to hold talks with the Democratic Republic of Congo about sharing oil resources along their common maritime border, Oil Minister Jose Maria Botelho de Vasconcelos said (Bloomberg).

Sonangol Holdings is negotiating with international banks for a syndicated loan worth US$1 billion, Angolan weekly newspaper Expansão reported. The weekly newspaper cited financial news agency Bloomberg as saying that Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB, formerly Calyon) and Standard Chartered were the banks that would head the syndicate, which includes 12 banks and will have a guarantee from state company Sociedade Nacional de Petróleos de Angola (Sonangol) (Macauhub)

Cape Verde Politics & Regional News

In Cape Verde on July 2, 2011 at 8:59 pm

POLITICS

The 2011 General State Budget proposal was approved in its generality, with the support of the 38 legislators representing the governing PAICV, against the nay votes of the MpD’s 30 legislators and the UCID’s two. The specific sectors of the document will now be analyzed before the final, global vote (A Semana).

President Pedro Pires guaranteed that he will not occupy any more political posts after stepping down from the presidency at the end of his term this year. Speaking this week during a visit to Portuguese capital Lisbon, Pires did, however, affirm that he would maintain his dialogue with the Cape Verdean populace (A Semana).

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INTERNATIONAL

President Pedro Pires calls arrest warrant against Qaddafi “unhelpful” (A Semana).

China’s deputy trade minister, Jiang Yao Ping, said in the Cape Verdean capital of Praia that China would increase its aid to Cape Verde, as well as extending economic cooperation with the Macau Special administrative Region (MSAR) as a platform (Macauhub).

The Cape Verde Chamber of Commerce (CCCV) and the Chamber of Commerce of Electromechanical Products of China in Praia signed a memorandum of understanding for business and economic cooperation and development (Macauhub).

LAW ENFORCEMENT

Cape Verde’s Judiciary Police will undertake an operation to discover the whereabouts of the luxury cars stolen in Europe and which are believed to have been shipped to Cape Verde, as A Semana reported in its printed edition two weeks ago, citing an article in French newspaper Le Parisien.

BOA VISTA

The 3rd edition of the Sal Rei Traditional Fair kicked on the island of Boa Vista, serving as a space for the exhibition of local art in its most varied forms. In the center of the island’s main population center, the modern and the classic stand side by side to promote cultural tourism, encourage creativity and safeguard the traditions of Boa Vista (A Semana).

SAL

The Mayor of Sal, Jorge Figueiredo, called on the Chinese deputy Trade Minister, who was visiting the island, to support investments in the tourism sector (Macauhub).

SAO VICENTE

Rainwater drainage work and the freshly-asphalted Mindelo ring road will be officially unveiled on July 2 as a part of the commemorations marking the 36th anniversary of the independence of Cape Verde. The act will be presided over São Vicente mayor Augusto Neves (A Semana).

DIASPORA

Cape Verde’s maritime history and culture, intertwined deeply with that of New Bedford’s, is the centerpiece of a new, permanent whaling museum exhibit scheduled to open Tuesday, the 36th anniversary of the island nation’s independence (SouthCoastToday).

Cape Verde Business & Economy news

In Cape Verde on July 2, 2011 at 8:59 pm

ECONOMY

Remittances sent home by Cape Verdean émigrés living in the Euro Zone continue to rise, particularly in Portugal and France, having surpassed the one billion escudo mark in May. Meanwhile, remittances from the United States continue to go down. Between March and May 2011, remittances from Cape Verdean émigrés totaled 33.7% more than during the same period last year (A Semana).

AVIATION

Portuguese airline TAP operated its first direct commercial flight between Portuguese capital Lisbon and the island of São Vicente on an Airbus 320 with 131 passengers and seven crew members. The connection is considered a historic mark by the CEO of Cape Verdean Airport and Air Security company ASA, and is hoped to lend potential to the economic dynamics of the northwestern region of the country (comprised of the islands of São Vicente, Santo Antão and São Nicolau) (A Semana).

72-year-old flight instructor Marcelo Meggiorina, who resides in the Cruz João Évora district of Mindelo, on São Vicente, wants to create an aero club on the island to teach Cape Verdeans how to fly small aircraft (A Semana).

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FISHERIES

The Cova de Inglesa Fishing Complex on the island of São Vicente celebrated the experimental certification of the Cape Verde spiny lobster (also known as the pink lobster, palinurus charlestoni) as a sustainable endemic product from the country’s waters. The act will be presided over by State Secretary of Marine Resources Adalberto Vieira (A Semana).

TELECOMS

Telephone and Internet customers are concerned about the delay in the delivery of the bills for these services, which have not been sent since May. The companies CV Telecom and CV Multimédia acknowledge the delay, but explain that it is the result of the implementation of new computer systems aimed at improving the quality of the service provided (A Semana).

TOURISM

The chairman of the board of directors of the International Cape Verde Trade Fair (FIC), Luís Cardoso, said at the end of the third edition of Expotur, which this year took place in Porto Novo, on the island of Santo Antão, that the number of visitors surpassed the expectations of organizers and exhibitioners alike (A Semana).

British group Assetz is finalising a tourism development project worth 450 million euros and with 2,200 rooms on the Cape Verdean island of Boa Vista, called Santa Mónica Beach Resort & Spa (Macauhub).

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Angola Business News

In Angola on July 2, 2011 at 8:58 pm

PROJECT OF THE WEEK

Render of the Alpega Beach Resort for Luanda (Skyscrapercity).

ECONOMY

Angola’s central bank is adopting a series of measures to allow commercial banks in the southern African nation to increase lending and help bolster economic growth (Bloomberg).

The construction of new electricity facilities in Angola until 2016 requires investment of at least US$17 billion, the chief executive of Angolan electricity company ENE, Joaquim Ventura, said (Macauhub).

The outlook for Angola’s economy is positive amid higher oil prices, the International Monetary Fund said (Bloomberg).

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BANKING

Angola’s Banco BIC bank is still interested in acquiring nationalised Portuguese bank Banco Português de Negócios (BPN) and has hired consulting company Deloitte to analyse the dossier (Macauhub).

BIOFUELS

Brazilian company ETH Bioenergia, which is part of the Odebrecht group, plans to build biofuel production units in Angola (Macauhub).

MINING

Angola’s government proposes to end a ban on local sales of cut diamonds as it seeks to encourage investors to set up gem-polishing factories in the country (Bloomberg).

OIL & GAS

Angola and the Republic of Congo are in talks to jointly exploit an oil field on their common border, Agencia AngolaPress reported, citing Angolan Oil Minister Jose Maria Botelho de Vasconcelos (Bloomberg).

Angola will reduce daily crude exports by 4.7 percent in August from a month earlier, according to a final loading program obtained by Bloomberg News.

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