News from Cape Verde, Angola & Mozambique

Archive for May, 2012|Monthly archive page

Cape Verde Politics & Regional News

In Cape Verde on May 31, 2012 at 7:09 pm

LOCAL ELECTIONS

Among the ten strategic political ideas presented by the PAICV are more power and authority for municipal officials, more dialogue and financial autonomy, and the creation of the office of municipal ombudsman (A Semana).

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THE GRAND TOUR OF CAPE VERDE

Read The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands.

BOA VISTA

The Directorate General of the Environment has decided to suspend the project “Clean and Safe Islet,” which calls for the construction of a dock, an esplanade and a fauna recuperation center on the islet of Sal Rei, located just off the coast of Boa Vista (A Semana).

SANTIAGO

Prime Minister José Maria Neves explained that the constant blackouts that have been taking place in Praia over the past several weeks have to do with technical problems and with the tests being carried out on the new motors that will go on line on June 6 (A Semana).

The beach in Ribeira da Barca used to be a vast stretch of black, volcanic sand. Kids played football and their fathers hauled in the day’s catch in their small, weathered fishing boats. Today, the sand has gone, collected by local people and sold to build houses to feed the island’s construction boom. The locals have no choice – the fish have disappeared, and with them the islanders’ livelihoods (The Guardian).

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Cape Verde Business & Economy News

In Cape Verde on May 31, 2012 at 7:08 pm

ECONOMY

Cape Verde will maintain high and stable economic growth, but the “weak quality of its infrastructures” could condition this performance, according to the 2012 Economic Perspectives in Africa report, which was made public in Arusha, Tanzania (A Semana).

Read the report here.

Cape Verde in 2011 received the most per capita remittances from emigrants than any other African country in 2011 according to the study (Macauhub).

However, effects of the economic crisis and the Arab spring on remittances flows can be felt in Sub-Saharan Africa. According to World Bank calculations, remittances flows to Cape Verde, Senegal and Guinea-Bissau are most exposed to any worsening of the economy (AllAfrica).

In reaction to the African Development Bank report, Cape Verdean Minister of Finances Cristina Duarte admitted that the country does display “weaknesses” on the level of infrastructures, but stressed that, although these infrastructures are still in their initial phase of construction, results are already visible (A Semana).

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AVIATION

The number of passengers at Praia airport has risen 97 percent since 2005, the year in which it was converted from an aerodrome into an international airport, the chairman of Cape Verde’s airport management company Aeroportos e Segurança Aérea (ASA) said (Macauhub).

The African Development Bank (ADB) is financing the study for expansion of Praia’s Nelson Mandela International Airport on the Cape Verdean island of Santiago. Cape Verde’s Prime Minister, José Maria Neves said (Macauhub).

CAPE VERDE IN 2030

Atlantico Weekly is looking ahead!

Check out our Cape Verde in 2030 with a realistic glimpse of where and how Cape Verde will look like in the next decades …!

ENTREPRENEURS OF CAPE VERDE

Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign.  So far with Paulino Dias, Josephine Sturiale, Patone Lobo, Helen Hutchings and Steve Cooling, Emanuel Spencer, Djopan Oliveira, Alexandre Abade and Jacquie Cozens…

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ENERGY

A pioneering role in renewable energy development in Africa has been taken by Cape Verde. The West African Islands have set a goal of 50 percent renewable energy by 2020. Abraão Andrade Lopes, Director General of the Ministry of Industry and Energy announced that the country is currently running a study exploring how to achieve 100 percent renewable energy (SEM).

Atlantico Weekly’s Angola Business News

In Angola on May 31, 2012 at 7:07 pm

PROJECT OF THE WEEK

Render of the 22 floor Angola Telecom HQ (Source).

POLITICS

Long-serving President Jose Eduardo dos Santos has until June 19 to announce whether he will lead his MPLA party in an election to be held in August (Newsday).

At least 2,012 former militants of main opposition party UNITA in the city of Londuimbali, 92 kilometers north off Huambo city, joined in the last two years the ruling MPLA, after renouncing their former party for disagreeing with the political ideology of the defectors (AllAfrica).

INTERNATIONAL

Angola will begin withdrawing its troops from Guinea Bissau next week, an Angolan official said, denying reports the mission’s departure from the coup-stricken state would be delayed indefinitely. The withdrawal of the roughly 270-strong force could ease tensions in the country after Bissau soldiers seized power in April and accused Angola of having had a secret pact with the ousted government to destroy its military (Reuters).

Angola’s international influence is strong and it seeks to diversify its partnerships. Read an assessment of Angola’s foreign policy (WPR).

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ECONOMY

The Angolan economy is expected to post growth of 8.2 percent this year, driven by an upturn in oil operations, according to a report on the African Economic Outlook in 2012, which forecasts a drop in inflation from 13.5 percent to 10 percent (Macauhub).

You can read the report here.

The government of Cunene province in southern Angola, has chosen the border town of Calueque, in Ombadja municipality, to set up the province’s Special Economic Zone (ZEE), the province’s governor, António Didalelwa said (Macauhub).

BUSINESS

A takeover bid by Brazil’s construction group Camargo Correa for Portuguese cement maker Cimpor will involve an asset swap to buy out another Brazilian shareholder, Votorantim, that will get part of Cimpor’s overseas business, including Angola’s (Reuters).

LOGISTICS

The port of Namibe in Angola processed 961,000 tons of cargo in 2011 and 18,000 containers, the chairman of the port company, Joaquim Neto said (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on May 24, 2012 at 5:45 pm

POLITICS

Ukraine doesn’t appear to regret the departure of former EU Ambassador José Manuel Pinto Teixeira, who has been blacklisted by the country’s Foreign Ministry for making statements falling “beyond the scope of his diplomatic functions”. Teixeira, of Portugal, publicly criticised Ukrainian President Viktor Yanukovich for failing to deliver on his pledge to improve the business climate and tackle corruption. Teixeira has now been appointed to head the EU delegation in Cape Verde, a former colony of Portugal (Euractiv).

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DEFENSE & SECURITY

Cape Verde needs to revise its legislation on confidentiality and the preservation of personal data, affirmed Carlos Reis, the national director of the Judiciary Police during the international conference on terrorism currently taking place on the island of Sal. In Reis’ opinion, the lack of access to information places limitations on investigations aimed at preventing organized crime (A Semana).

Judiciary Police have closed the case of the ship Santo Antão after thoroughly searching the vessel’s cargo hold without finding any trace of drugs on board. The ship had been boarded by Judiciary Police inspectors, who accompanied it between the islands of Santiago and Fogo to oversee the unloading of its contents in the latter’s Vale dos Cavaleiros sea port. The expectation that there may have been cocaine hidden among the cargo, however, was dashed (A Semana).

DIASPORA

The expression ‘football family’ is part of everyday vernacular these days. However, when Guy Ramos utters the phrase in relation to the Cape Verde Islands squad of which he is a valued member, the sincerity in his voice leaves no doubt he also means it in a literal sense. This excellent team spirit appears to be the key factor in the progress made by the island nation, which has never been in a better position to secure a berth at a major international competition (AllAfrica).

THE GRAND TOUR OF CAPE VERDE

Read The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands.

SAL

The representatives of the PAICV in the Sal municipal assembly have called a press conference to protest against the increase in property taxes in the municipality. The representatives, in the voice of José António Moreno, consider the increase of more than 80% “abusive and arbitrary” (A Semana).

SANTO ANTAO

Drivers on Santo Antão have begun to predict that the island’s three municipalities may be cut off from one another of a wall that fell during last year’s rains in Lombo Cruz, on the mountain road leading from Porto Novo to Ribeira Grande, is not rebuilt before the beginning of this year’s rainy season. The company hired to repair the road has affirmed that work on the fallen sections will begin in two weeks (A Semana).

Cape Verde Business & Economy News

In Cape Verde on May 24, 2012 at 5:44 pm

ECONOMY

A Semana reports that taxi prices in Sao Vicente were raised by 10% for the next 12 months (AW).

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AGRI ETC.

Portuguese non-governmental organization Monte will assist farmers from the island of Santo Antão transport and put their products on the rest of the Cape Verdean market through a project financed by the European Union to the tune of 185,000 Euros (A Semana).

AVIATION

Praia International Airport will be baptized Nelson Mandela International Airport on Friday May25th (AW)

CAPE VERDE IN 2030

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Check out our Cape Verde in 2030 with a realistic glimpse of where and how Cape Verde will look like in the next decades …!

ENTREPRENEURS OF CAPE VERDE

Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign.  So far with Paulino Dias, Josephine Sturiale, Patone Lobo, Helen Hutchings and Steve Cooling, Emanuel Spencer, Djopan Oliveira, Alexandre Abade and Jacquie Cozens…

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REAL ESTATE

Belgium’s Talboom group should this July begin building the access road to the luxury real-estate/tourism complex it plans to build at Jon d’Ebra Bay. Once the road is finished, the group aims to begin construction, probably in December, of the first of the 30 luxury residences to be built on the bay’s coast. In the second phase the group plans to build 200 more residences and a hotel (A Semana).

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Atlantico Weekly’s Angola Business News

In Angola on May 24, 2012 at 5:42 pm

PROJECT OF THE WEEK

Render of the 4 star Spa Por do Sol Hotel for Huambo (Source).

POLITICS

Angola will hold general elections on August 31, only the third since independence in 1975. The head of the winning party will become president according to law (News24).

Angola’s Supreme Court has blocked the appointment of the election commission head, seen as a close ally of President Jose Eduardo dos Santos. Opposition parties, including former rebel group Unita, had challenged Susana Ingles’s position. She is a lawyer, whereas the head of the election body should be a judge (BBC).

Angola’s electoral commission later appointed Eldetrudes Costa as interim president (Bloomberg).

In the past week, preparations for the electoral process have taken some remarkable twists and turns. They might signal either a new chapter in the democratization process or the postponement of the elections or even a more complex manouevring for electoral fraud (AllAfrica).

A group of rappers in Angola known for their anti-government lyrics have been beaten up in Luanda. About 15 masked men burst into the house where they were meeting (BBC).

INTERNATIONAL

Brazil is establishing its place as a “major political and economic actor,” in Angola, Mozambique and in other African countries, with its companies investing in the same sectors as important Chinese and Indian investors, according to researcher Loro Horta (Macauhub).

ECONOMY

Fitch Ratings has revised the Outlooks on Angola’s Long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed both ratings at ‘BB-‘. Fitch has simultaneously affirmed Angola’s Short-term IDR at ‘B’ and Country Ceiling at ‘BB-‘. “The revision of Angola’s Outlook to Positive reflects the country’s prudent economic policies which have helped re-build and strengthen public and external balance sheets (Reuters).

BUSINESS

Angola remains a “key building block” in Namibia Breweries’ export strategy despite challenges like lengthy cross-border processes, import duties and price competitiveness (AllAfrica).

The executive commission of Sonangol Investimentos Industriais (SIIND) plans by the end of this year to have 26 industrial units operating in the Luanda-Bengo Special economic Zone (ZEE), the company’s business director, Gaspar Neto said (Macauhub).

The Made in Angola programme aims to distinguish national products involving producers, consumers and workers, the Minister of State and Economic Coordination said. Manuel Domingos Vicente explained that the Made in Angola logo would be affixed to packages of commercial products and used in companies’ publicity with the goal of developing a brand image for Angolan products and services, making them identifiable for national and international consumers (Macauhub).

MINING

Businessman Arkady Gaydamak has begun a court bid to reclaim millions in unpaid commissions and dividends from “king of diamonds” Lev Leviev, in a battle over Angolan assets that could lay bare the workings of the country’s often opaque gem trade. The tussle, which has drawn in Russian rabbis and one of Angola’s top military officials, is the latest in a spate of high-profile disputes brought to London by billionaires from Russia and the former Soviet Republics (Reuters).

Angolan security forces have raped women and girls from neighbouring Democratic Republic of Congo who came to Angola’s diamond fields in search of work, Human Rights Watch charged (News24).

OIL & GAS

About ten cargoes of July loading Angolan crude have traded, traders said. At least six cargoes were sold to Unipec, the largest corporate buyer of Angola crude, and some to CNOOC (Reuters).

POWER

Regular power cuts in Luanda and across Angola will continue until 2016, Angola’s Energy and Water Minister, João Baptista Borges said (Macauhub).

SOCIAL

The Angolan journalist, Isabel João, with the weekly “Novo Jornal”, is part of the 34 finalists of CNN MultiChoice African Journalist 2012 contest, as announced this week by an independent jury panel (ANGOP).

Cape Verde Politics & Regional News

In Cape Verde on May 17, 2012 at 7:17 pm

INTERNATIONAL

Net ODA disbursements for Cape Verde went up from $195.6 million in 2009 to $336.76 million in 2010, according to OECD , which a UN representative attributes partly to the country’s reputation for aid effectiveness and good governance (Gantdaily).

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POLITICS

The delegation from Cape Verde to the Rio+20 conference next month in Rio de Janeiro will be headed by the President, Mr Jorge Carlos Fonseca.

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LAW ENFORCEMENT

The Supreme Court of Justice has upheld a lower court decision to keep former Cape Verde Stock Exchange president Veríssimo Pinto, arrested by Judiciary Police as a part of Operation Speed Boat, held in preventative custody pending trial on money laundering and drug trafficking charges, among others (A Semana).

Cape Verde’s Customs Department, which was operating without its customs dispatch system due to a software problem, is once again functioning normally, according to the director general of customs, Marino Vieira (A Semana).

CULTURE

German-born saxophonist and flautist Swami Swagato, who chose the island of São Vicente in Cape Verde as his home, was found dead in his home in the Alto de Miramar neighborhood of Mindelo. Judiciary Police have already made their way to the locale, but have not announced the cause of the musician’s death (A Semana).

THE GRAND TOUR OF CAPE VERDE

Read The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands.

SAO NICOLAU

A website based on Sao Nicolau reports that modernization works at Preguica Airport will start in June 2012.

SAO VICENTE

Baptista de Sousa Hospital in Mindelo will resume non-emergency surgeries. The surgeries had been suspended since April 30 due to lack of anesthesia and stitches (A Semana).

Cape Verde Business & Economy News

In Cape Verde on May 17, 2012 at 7:13 pm

PROJECT OF THE WEEK

Render of part of the Calheta Bay development, to be built at Murdeira on Sal Island (source).

ECONOMY

The Bank of Cape Verde’s semester report on Monetary Policy reveals that the Cape Verdean economy has shown a slight “slowdown” in its growth rate, and predicts that the economy will continue to grow, but at a slower rate, over the next six months as well (A Semana).

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CAPE VERDE IN 2030

Atlantico Weekly is looking ahead!

Check out our Cape Verde in 2030 with a realistic glimpse of where and how Cape Verde will look like in the next decades …!

ENTREPRENEURS OF CAPE VERDE

Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign. This week with Jacquie Conzes of SOS Tartarugas, a real warrior for Cape Verde’s wildlife!

SPLIT SECOND POLL

LOGISTICS

A mission of businesspeople and representatives of Brazilian institutions is due begin a visit to Cape Verde, which will include talks on launching a sea route between Fortaleza in the Brazilian state of Ceará, and Praia, the capital of Cape Verde. The possibility of this project becoming a reality is great according to the chairman of Ceará Trade Brasil and the Angola-Brazil Chamber of Commerce in Ceará, Roberto Marinho, who said that despite the logistics being complicated, the project could be a success (Macauhub).

TOURISM

According to the 2012 Doing Business Report published by the World Bank Group, Cape Verde has made an enormous contribution to the positive image of West Africa over recent years. This is largely due to strong growth in the Islands’ tourism sector. In 2011 in excess of 475,000 tourists visited Cape Verde, only about 100,000 shy of its native population, and by 2015 one million arrivals are envisaged (Easier.com).

Work on the Hotel Hilton Sal is due to begin soon, the chairman of Cabo Verde Investimentos, José Duarte, said. The luxury hotel, which will be located between Hotel Crioula and Djad’ Sal in Santa Maria, will be the first Hilton Group hotel in Cape Verde and Cabo Verde Investimentos is negotiating a second unit for the country’s capital (Macauhub).

Atlantico Weekly’s Angola Business News

In Angola on May 17, 2012 at 7:04 pm

POLITICS

More than 40 Angolan opposition supporters were killed and six injured in a road crash as they returned from a party meeting, police said. The Unita opposition said the group was returning from a meeting in the community 380km southeast of the capital Luanda (News24).

Angolan soldiers could stay in Guinea-Bissau if the international community requested it through a United Nations resolution, minister for economic affairs Manuel Vicente said (News24).

ECONOMY

A staff team from the International Monetary Fund (IMF), led by Mr. Mauro Mecagni, visited Luanda from May 2 to May 17, 2012 to conduct the 2012 Article IV Consultation and First Post-Program Monitoring Mission. During its stay, the mission met with Ministers and other senior government officials[1], and representatives of the banking, business, diplomatic, and academic communities. The mission also had the opportunity to visit the provinces of Kwanza Norte and Malange. At the end of the mission, Mr. Mecagni issued the following statement about the Angolan economy.

Angola’s Gross Domestic product (GDP) is expected to post growth this year of between 8 and 10 percent, the minister for Planning, Ana Dias Lourenço said, adding that it would exceed the 3.12 percent growth rate posted in 2011 by a wide margin (Macauhub).

Portugal and China are boosting their position as Angola’s main trading partners, as a time of growing economic activity in Angola and of public and trade surpluses, according to Portugal’s BPI bank (Macauhub).

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BUSINESS

Zon Multimedia SGPS SA, Portugal’s biggest cable-television provider, predicted that revenue from its Angolan unit will offset declining sales at home amid a weak economy. “We are already seeing this,” Chief Financial Officer Jose Pedro Pereira da Costa said in a phone interview. “Angola will predictably have better earnings and domestically we shouldn’t expect anything much different than last year.” Total revenue, which didn’t include Angola, dropped 2 percent in 2011 (Bloomberg).

The Argentinean government plans this year to open up a credit line of US$100 million to support development in Angola, particularly in the agricultural and industrial sectors, the Argentinean ambassador in Angola said (Macauhub).

The logo for the “Made in Angola” programme will be presented Friday in Luanda by the Angolan Economy Ministry, with the aim of developing an image and brand for Angolan products and services. The logo will be placed on packaging of consumer goods and on the external communications of companies that join the programme (Macauhub).

BANKING & FINANCE

A stern test and a golden opportunity, Angola’s new foreign exchange law for the oil sector will flood billions of dollars into the country’s banking system and pose tough questions about transparency and technical readiness. Riding on the coattails of an oil boom Angola’s banks have posted strong growth in the last decade, attracted foreign players and become the subject of takeover talk (Reuters).

Angola’s government has provided information on $27.2 billion of an accounting discrepancy in public funds linked to Sonangol but has yet to account for another $4.2 billion, the IMF said (Reuters).

OIL & GAS

Angolan crude oil differentials were expected to strengthen after the announcement of a smaller-than-expected loading programme for July, traders said. Angola will export around 1.56 million barrels per day (bpd)of crude oil in July in 51 cargoes, down from 1.69 million bpd in June and nearly 1.80 million bpd in April (Reuters).

Sembcorp Marine Ltd, the world’s second largest oil rig builder, said it has secured three contracts worth a total of S$130 million ($102.6 million). One of the contracts was awarded by Sonangol Pesquisa e Produção S.A. for the repair and upgrading of a vessel (Reuters).

The European Commission approved a proposal from Britain’s BP, U.S. oil major Chevron, Italy’s Eni and France’s Total and Angola’s Sonangol to take control of Angola LNG joint venture to develop liquefied natural gas projects (Reuters).

India’s largest refiner, Indian Oil Corp (IOC), has bought around 1 million barrels of Angolan Kissanje crude oil via tender from Sonangol, traders said (Reuters).

POWER

The first Angolan factory for solar power equipment – an investment of US$6 million – has been opened in Viana on the outskirts of Luanda, by Angolan business group Opala. According to the managing director of Green Power, Carlos Igrejas, the factory will have an initial workforce of 30 people and by the end of the year is expected to post turnover of US$11.5 million (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on May 10, 2012 at 6:20 pm

POLITICS

“I know where I come from, my roots and my parents’ history,” says Carlos Gonçalves. When he was a toddler, his family left Cape Verde for Rotterdam. Forty years later, Gonçalves chairs the local government of Delfshaven, one of 14 districts comprising the Dutch port city (RNW).

The Guine-Bissau house where Amilcar Cabral lived from his birth, in 1924, to 1932 underwent a $15,000 renovation last year, financed by Unesco. The historical building is now being turned into a museum (Black Star News).

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DEFENSE & SECURITY

The residence of prosecutor Vital Moeda, in the Madeiralzinho neighborhood of Mindelo, was broken into in the early morning hours of Sunday. The magistrate was reportedly sprayed with a chemical agent that caused him to fall asleep while the burglars made off with his computer equipment (A Semana).

The Portuguese government has ordered the military force deployed some three weeks ago to the region of Guinea Bissau to return to Portugal, according to a source from the country’s Ministry of Defense. This component of Portugal’s Immediate Reaction Force was made up essentially of four war ships and a P-3 Orion aircraft stationed in Cape Verde (A Semana).

CULTURE

In the fifth of a series showcasing Africa’s musical talent, Cape Verdean singer Carmen Souza performs her song Ind’feso – which means ‘helpless’ in Creole (BBC).

DIASPORA

Mike Costa’s new film, “Proud to be Cape Verdean: A Look at Cape Verdeans in the Golden State is a documentary that will capture the essence of the Cape Verdean culture in California through an insightful look at individuals and organizations and their desire to maintain their cultural identity (PR).

BOA VISTA

Follow the findings of the 4th IWDG Cape Verde Humpback Whale Expedition and find more spectacular pictures of whales around Cape Verde.

SANTO ANTAO

Just recently, the Cape Verde village of Monte Trigo experienced its first 24 hours of electricity. The 60-family community is only reachable by boat and is completely dependent on fishing and its trade with nearby villages. The need for ice to preserve fish is vital, and villagers must travel five-hour by boat to purchase it (SolarNovus).

SAO VICENTE

The molecular biology laboratory at the Mindelo campus of the University of Cape Verde can now carry out DNA extraction and gene cloning. The laboratory, the first of its kind in the country, is the result of investments of some 66 million escudos (A Semana).

Cape Verde Business & Economy News

In Cape Verde on May 10, 2012 at 6:20 pm

SPLIT SECOND POLL

AVIATION

The new Boeing 737 purchased by the government to reinforce TACV Cabo Verde Airlines’ fleet of aircrafts is expected to be delivered to Cape Verde in a matter of days. The aircraft is currently in North Carolina, in the United States of America, where it has undergone a major technical and aesthetic makeover prior to heading to Praia (A Semana).

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INTERNET

Almost 90.000 people in Cape Verde are now using Facebook, up 9.000 or over 11% from last year. Facebook penetration in Cape Verde is now at 17,42% (SocalBakers).

CAPE VERDE IN 2030

Atlantico Weekly is looking ahead!

Check out our Cape Verde in 2030 with a realistic glimpse of where and how Cape Verde will look like in the next decades …!

ENTREPRENEURS OF CAPE VERDE

Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign. This time with Jacquie Cozens of SOS Tartarugas, a warrior for Cape Verde’s environment…!

SPLIT SECOND POLLS

THE GRAND TOUR OF CAPE VERDE

Read The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands.

Atlantico Weekly’s Angola Business News

In Angola on May 10, 2012 at 6:10 pm

PROJECT OF THE WEEK

Render of the four residential Zenith Towers, currently under construction in Luanda (Skyscrapercity).

POLITICS

Angola’s ruling party is gripped by a struggle over who should succeed President Jose Eduardo dos Santos, amid public rallies calling for the leader of Africa’s second-largest crude producer to quit after 32 years in power. As the Popular Movement for the Liberation of Angola gears up for an election due by Sept. 5, dos Santos wants Manuel Domingos Vicente, the former head of state oil company Sonangol EP, to be his deputy. Other party leaders favor the political experience of Vice President Fernando da Piedade Dias dos Santos (Bloomberg).

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BUSINESS

Isabel dos Santos, the daughter of the country’s president, bought a further 5 percent of Portugal’s leading pay-TV and Internet provider Zon Multimedia from Spain’s Telefonica, making her its largest shareholder, Zon said (Reuters).

Zon Multimedia SGPS SA also predicted that revenue from its Angolan unit will offset declining sales at home amid a weak economy (Bloomberg).

AVIATION

The Angola Airlines (TAAG) will enlarge its fleet of planes in 2016 with the purchase of three more equipment of the type BOEING 777-300-ER, as part of its development strategy (Angop).

BANKING

The colonial ties that bound Portuguese banks such as Banco Espirito Santo SA to Africa are being loosened by the European debt crisis. Lenders from Lisbon are retreating from funding projects in Africa as they ride out debt woes at home and prepare for more stringent global capital rules. Citigroup Inc., Standard Chartered Plc and Barclays Plc are filling the gap, while Johannesburg-based Standard Bank Group Ltd. and Nedbank Group Ltd. are boosting mining and oil loans to benefit from an investment surge in the world’s poorest continent (Bloomberg).

Prestação de Serviços, a stakeholding company owned by Angolan businesswoman Isabel dos Santos, said it had acquired 9.436 percent of Portuguese bank Banco BPI, increasing its total stake to 19.43 percent (Macauhub).

INTERNET

Almost 400.000 people in Angola are now using Facebook, up by over 50.000 or 15% from last year. Facebook penetration in Angola now stands at 3% (SocialBakers).

But Luanda just made it into the Top 5 African Cities on Facebook with 158 000 users (News24).

OIL & GAS

Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million (Reuters).

Angola’s Lobito oil refinery, which is yet to be completed, will produce as much as 120,000 barrels a day during its first stage of operation, Agencia Angola Press reported, citing Oil Minister Jose Maria Botelho de Vasconcelos (Bloomberg).

Angola was the second-largest supplier of oil to China in the first quarter of 2012, after Saudi Arabia. Between January and March of this year China imported 9.5 million tons of crude oil from Angola, which was 4.7 million tons less than it imported from Saudi Arabia, and 2.4 million tons more than it imported from Russia, its third-biggest suppler (Macauhub).

Angola has urged Zambia to take advantage of the short distance and buy oil from that country instead of getting the commodity from the Middle East (UKZambians).

POWER

Brazilian company Eletrobras is studying the possibility of building a hydroelectric plant in Angola over the next few years, said the chairman of the Brazilian state power company, José Carvalho Neto (Macauhub).

TELECOMS

Angolan mobile phone operator Movicel plans soon to launch a fourth generation (4G) mobile network in partnership with Chinese telecommunications equipment company ZTE, the Angolan company’s chief operating office, António Francisco said (Macauhub).

Telecom Namibia has over the past seven years lost more than N$100 million through their investment in Mundo Startel (MST) in Angola, of which it holds 44 per cent shares (The Namibian).

Cape Verde Politics & Regional News

In Cape Verde on May 3, 2012 at 7:35 pm

POLITICS

Prime Minister José Maria Neves will represent Cape Verde at the summit of the Contact Group for Guinea Bissau, which takes place today, May 3, in Senegalese capital Dakar. Guinea Bissau’s interim president and prime minister, who were overthrown in a coup d’état on April 12, will also attend the meeting, which will be used to outline the next steps to be taken to restore peace and stability to Cape Verde’s sister country, now that ECOWAS has received the green light from the United Nations, by way of the African Union, to send a “pacification” force to the country (A Semana).

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LAW ENFORCEMENT

Some of the cocaine that passes through Cape Verde on its way to Europe is being used to finance terrorist activities, according to a report from the International Institute for Strategic Studies in the United States of America. The document, which was released last week, places greater emphasis, however, on Guinea Bissau, considered the first narco-state in West Africa (A Semana).

A Dutch citizen was arrested in the early morning hours of Friday, April 27, at Praia International Airport in possession of 200 grams of cocaine, which was hidden in her luggage. The 46-year-old woman was arrested as she disembarked from a flight arriving from the Brazilian city of Fortaleza. She was scheduled to continue her journey to Amsterdam, in the Netherlands (A Semana).

DIASPORA

The Making of the Cape Verdean book will be presented to the Cape Verdean National Library in Praia on May 8, 2012 by Jeanne M. Costa. “The Making of the Cape Verdean” is a book written by the late Manuel E. “Manny” Costa Sr. and was written during the late 60’s to the early 1970’s. The manuscript captures a time and place when Cape Verdeans lived in the New Bedford MA area from the early 1900’s to the early 1970’s. The book was edited and published by his daughter, Jeanne M. Costa in 2011. The Making of the Cape Verdean is an impassioned examination of Cape Verdean life in early to mid 20th century New Bedford by a highly respected gentleman/scholar of the community who lived it. This book provides an intimate glimpse into the unvarnished social fabric of Cape Verdean culture. It reads like an evocative memoir and will undoubtedly conjure up a host of memories from the period. Manuel E. Costa Sr. also at times has the reader confront some very complex psychosocial/ethical issues and this incisive treatment will provide grist for anthropological/sociological research for generations to come. The book is a historical document that will provide Cape Verdeans in Cape Verde with an insight to the journey and the life experience of their Cape Verdean ancestors who migrated and lived in Massachusetts and the Diaspora in the 1900’s.

THE GRAND TOUR OF CAPE VERDE

Read The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands.

FOGO

Over the course of more than a week the municipality of São Filipe celebrated its municipal day and patron saint day, Nhô São Filipe, one of Cape Verde’s main cultural manifestations. The festivities ended yesterday to the sounds of Sal-based singer Mirri Lobo. Organizers called this year’s festivities the best ever (A Semana).

SAL

The Pedra de Lume salt marshes on the island of Sal are now officially a natural, historic and cultural heritage site. The decree classifying the site as such as published in the April 24 edition of the Official State Bulletin (A Semana).

Cape Verde Business & Economy News

In Cape Verde on May 3, 2012 at 7:34 pm

ECONOMY

Sal is due from 17 to 19 June to host the Meeting of Businesspeople for Economic and Trade Cooperation between China and the Portuguese-speaking Countries, as part of Forum Macau, Cape Verdean newspaper A Semana reported. According to the paper, the economic event, which is expected to be attended by 500 delegates, will take place in a hotel in Sal, and is intended to promote trade between China and the Portuguese-speaking countries that are part of Forum Macau (Macauhub).

Sal will, from 16 to 20 June,  also host the fourth edition of Cape Verde’s Expotur Fair, which will be entitled, “One Destination, A Variety of Cultures,” Cape Verdean news agency Inforpress reported. According to the agency the reason given for choosing Sal island by Cape Verde’s Tourism Minister, Humberto Brito, was that the islands is the “epicentre of tourism development,” in Cape Verde and that it will also be able to promote other tourist destinations on the archipelago (Macauhub).

SPLIT SECOND POLLS

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BANKING

Defunct Portuguese bank Banco Português de Negócios (BPN) attempted to create a version of its Cape Verdean offshore bank Banco Insular in São Tomé and Príncipe in order to keep its operations off its official balance sheet. The project was aborted, but even so some 5 million Euros were spent by Cape Verde-registered Banco Insular to obtain the necessary licensing (A Semana).

CAPE VERDE IN 2030

Atlantico Weekly is looking ahead!

Check out our Cape Verde in 2030 with a realistic glimpse of where and how Cape Verde will look like in the next decades …!

ENTREPRENEURS OF CAPE VERDE

Check out Atlantico Weekly’s Entrepreneurs of Cape Verde, a series of short interviews with entrepreneurs in Cape Verde, both homegrown and foreign. For instance with Helen Hutchings and Steve Cooling of Blu bar, Santa Maria…!

Atlantico Weekly´s Angola Business News

In Angola on May 3, 2012 at 7:32 pm

PROJECT OF THE WEEK

Render of the twin Loanda Towers, currently under construction in Luanda (Skyscrapercity).

INTERNATIONAL

A new credit line worth US$2 billion from the Brazilian government for Angola was officially set up Friday in Brasilia following the official signing of the document, the Brazilian press reported (Macauhub).

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ECONOMY

Angola’s central bank left its benchmark interest rate unchanged at 10.25 percent for the third straight month as it strives to meet its year-end inflation target of 10 percent (Reuters).

Construction projects in Angola are increasing to the benefit of large companies such as China’s SinoHydro, due to a rise in the country’s oil revenues, according to the Economist Intelligence Unit (EIU) (Macauhub).

SPLIT SECOND POLLS

MINING

OAO Alrosa’s Catoca diamond mine in Angola produced about 550,000 carats a month in the first quarter, the Angop news service reported, citing the director of the company’s joint venture in the country (Bloomberg).

An iron ore deposit with estimated reserves of 400 million tons has been found in an area that is part of the Cassinga Norte project, the deputy director of Angolan mining company Sociedade Angolana de Exploração de Recursos Minerais (Aemr) said (Macauhub).

Vale Fértil, Lda, the Angolan subsidiary of Israeli group LR, may invest US$1 billion in a project to mine and process phosphates in the Lucunga basin, in Angola’s Zaire province (Macauhub).

OIL & GAS

Angola, Africa’s second-largest oil producer, plans to increase exports of Pazflor crude for June by one cargo from May to seven shipments, the most since the field started production in October, according to a final loading program obtained by Bloomberg.

TELECOMS

A big upgrade in the mobile phone network available to Angolans is taking place. They’re in the process of getting high-speed 4G services – ahead of most of Europe and many parts of the US – thanks to a $100m project underway there. It means customers in Luanda will enjoy faster mobile download speeds than their counterparts in London (BBC).