News from Cape Verde, Angola & Mozambique

Archive for June, 2012|Monthly archive page

Cape Verde Politics & Regional News

In Cape Verde on June 28, 2012 at 11:51 am

POLITICS

President Jorge Carlos Fonseca with Brazil´s present and former Presidents at the Rio+20 Conferernce in Rio de Janeiro (source).

LOCAL ELECTIONS 2012

The MpD is still leading overall in Atlantico Weekly´s poll:

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LAW ENFORCEMENT

The lack of legal instruments to combat crime, money laundering and tax fraud, professional qualification, the quality of the service provided to taxpayers and the failure to mobilize resources to computerize all Tax Administration processes are among the constraints Cape Verde has presented to the other countries participating in the fourth annual Community of Portuguese Language Countries (CPLP) tax administration conference, which is taking place in Cape Verde for the first time (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.

SAL

Sal is surrounded by water – the Atlantic, in fact – and is blessed by a climate that’s at its Goldilocks best – not too hot, not too cold. Temperatures hover around the 28-degree Celsius mark in summer and plummet to 23 or 24 degrees in winter, while a rainy season comprises about three downpours each September. Read a Sal experience at the Daily Mail.

Cape Verde Business & Economy News

In Cape Verde on June 28, 2012 at 11:51 am

ECONOMY

The rate of growth of the Cape Verdean economy slowed to 5.1 percent in 2011 against an initial projection of 5.6 percent according to the Bank of Cape Verde, according to a report on 2011 published in the archipelago’s capital city, Praia (Macauhub).

SPLIT SECOND POLL

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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TOURISM

Fred Olsen Lines now offer a 11-night ‘African Beaches and Tropical Islands’ cruise, departing 24th February 2013. Ports of call include Dakar (Senegal) and Banjul (The Gambia), as well as the Cape Verde Islands (Cruise Critic).

Atlantico Weekly´s Angola Business News

In Angola on June 28, 2012 at 11:49 am

PROJECT OF THE WEEK

Render of the Residence Morrobento project for Luanda (Source).

POLITICS

Thousands of Angolan refugees are trekking home hoping for a new start in life a decade after the end of brutal wars that drove them to neighbouring countries. On June 30 their refugee status expires so many are returning to Angola, but they face an uncertain future in a country plagued by poverty despite its booming oil-rich economy (News24).

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ECONOMY

Angola is set to return to strong economic growth this year as a rebound in crude output opens up new oil fields and existing ones complete maintenance cycles, a Reuters poll showed (Reuters Africa).

Angola’s central bank has left its benchmark interest rate unchanged at 10.25 percent for the fifth straight month, the bank said after a meeting of its monetary policy committee (Reuters Africa). 

Angola’s commercial transaction in the first quarter of this year have reached Akz 1.4 trillion (Usd 1,0 is Akz 9,5), on account of the price of crude oil, the country’s main export product (All Africa). 

AVIATION

Sonair, the airline of Angolan state oil company Sociedade Nacional de Petróleos de Angola (Sonangol) is to take a majority-stake in Sao Tome and Principe’s flagship airline STP Airways, Sao Tome’s Minister for Public Works and Infrastructure said (Macauhub).

BANKING & FINANCE

Angolan bank Banco de Poupança e Crédito (BPC) has taken on a credit line of US$50 million from the Spanish arm of Deutsche Bank, Deutsche Bank Espanha (Macauhub).

OIL & GAS

Angola, Africa’s second-largest oil producer, will boost its daily crude exports for August to the highest level in 34 months, according to a revised loading program obtained by Bloomberg.

Cape Verde Politics & Reginal News

In Cape Verde on June 21, 2012 at 2:30 pm

POLITICS

President Jorge Carlos Fonseca was decorated by Portuguese President Aníbal Cavaco Silva during an event in which they took the opportunity to discuss the crisis in fellow lusophone country Guinea Bissau and to touch upon cooperation between Cape Verde and Portugal. “Cape Verde is of the same view as Portugal, the Community of Portuguese Language Countries, the European Union and the United Nations in relation to the coup d’état in Guinea Bissau, in the sense that no solution can include legitimizing coup d’états, which cannot be accepted by democratic states,” said Jorge Carlos Fonseca (A Semana).

LOCAL ELECTIONS

The campaigns for the sixth nationwide municipal elections in Cape Verde since independence officially began Thursday, June 14. A total of 56 candidates are running for mayor in the country’s 22 municipalities in the July 1 elections. The kick-off of the campaign was concentrated on the hanging of election posters, marches and car parades, especially in the country’s urban centers. The larger-scale rallies are expected to be concentrated in the final leg of the race (A Semana).

The National Elections Commission (CNE) will hold an emergency meeting early this week to review and hand down rulings on five new complaints it has received regarding the campaigns for the July 1 municipal elections. Beginning on Monday, the CNE will also begin distributing various election-related materials, including ballots and ballot boxes, in order to ensure the normal functioning of the 957 polling stations around the country on election day (A Semana).

MpD is ahead in Atlantico Weekly´s poll. Vote now!

INTERNATIONAL

The Government of Cape Verde and the European Union (EU) will meet in September to review some articles of the fisheries agreement signed last year and to clarify the requirements on the amount of tolerated by-catch (European Union).

State Secretary of Foreign Affairs José Luís Rocha signed a financing accord protocol this Tuesday, June 19, for the Water Resource Management Action Plan Support project. The accord, worth 11 million Euros, was signed with the Luxembourg Cooperation Agency (A Semana).

DEFENSE & SECURITY

The military base in the Praia neighborhood of Eugénio Lima will be the site of a military hospital, to be built with the help of the Spanish government, according to an announcement made by Minister of National Defense Jorge Tolentino prior to departing for Spain, where he will discuss this and other issues related to maritime security with his Spanish homologue (A Semana).

DIASPORA

The New Bedford Whaling Museum is gearing up for the surge in attendance that the warm weather brings with the simultaneous opening of four exciting new exhibits this Saturday afternoon. A fifth exhibit is scheduled to follow a week later. With oil paintings from the brush of a master craftsman, a photo chronicle of a Cape Verdean hero and exhibits portraying the global reach of the New Bedford whaling fleet and its influence in creating patterns of human migration, there will be something to interest all who attend the grand opening (South Coast Today).

THE GRAND TOUR OF CAPE VERDE

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

Cape Verde Business & Economy News

In Cape Verde on June 21, 2012 at 2:29 pm

ECONOMY

The 8th Forum of Businesspeople for Cooperation between China and the Portuguese-speaking Countries that began Sunday on Sal Island is a unique opportunity to promote investment opportunities in Cape Verde, said the chief executive of Cabo Verde Investimentos (Macauhub).

Investment to set up a business centre and a fishing base on the Cape Verdean island of Sao Vicente are just some of the results of the eighth edition of the Forum of Businesspeople from China and the Portuguese-speaking Countries, the Cape Verdean press reported (Macauhub).

Utility company Electra paid interest and dividends on the future bonds purchased by non-institutional investors. The payment represents the first installment on the 1,100,000,000-escudo future bond offer carried out by Electra in 2007. But in order to fully pay off the debt, the company will have to carry out a second future bond issue (A Semana).

PROJECT OF THE WEEK

Render of the headquarters of Caixa Economica de Cabo Verde, on Avenida Lisboa in Praia.

AVIATION

Cape Verde and Turkey reached an aviation deal in which 14 flights a week may take place. The agreement comes days after Cape Verde signed a similar deal with the United Arab Emirates and opens the way for flights by Turkish Airlines (AW).

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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REAL ESTATE

Property buyers who are considering sending money abroad have been encouraged to look towards the Cape Verde islands. According to Steffan Ohlsson, director at Ohlsson Properties, the archipelago offers very good value for money to foreign investors, particularly those from the UK (HIFX).

TOURISM

Small Island Developing States (SIDS, an official designation of the United Nations) such as Maldives and Cape Verde, are attracting ever increasing numbers of tourists, outlined the UN World Tourism Organisation in a report . In the past decade, visitor numbers have increased by more than 12 million to reach 41 million in 2011 (New York Daily News).

Atlantico Weekly´s Angola Business News

In Angola on June 21, 2012 at 2:27 pm

POLITICS

Angola’s ruling party nominated President Jose Eduardo dos Santos to lead the southern African country if it wins parliamentary elections set for Aug. 31, spokesman Rui Falcao de Andrade said (Bloomberg).

Angolan police fired gunshots in the air and used teargas to disperse hundreds of civil war veterans who staged a second protest rally in under two weeks to demand payment of overdue subsidies (News24).

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ECONOMY

The exchange rate on Angola’s currency has remained stable in the first five months of the year, having varied by just 0.5 percent as the result of a regular supply of currency to the market, the governor of the Bank of Angola said (Macauhub).

BUSINESS

Angolan investor Isabel dos Santos has reached an agreement to buy a further 10.96 percent of Portugal’s leading pay-TV and Internet provider Zon Multimedia, from state owned bank Caixa Geral de Depositos, Zon said (Reuters).

Sonangol EP plans to take part in Banco Comercial Portugues SA (BCP)’s 500- million-euro capital increase and bolster its stake in the Portuguese bank, Diario Economico reported (Bloomberg).

Direct net investment by Angola in Portugal in the first three months of the year totalled 118.8 million euros, as compared to 22.2 million euros in the same quarter of 2011, which represents year-on-year growth of 435.2 percent (Macauhub).

Kempinski AG, the luxury hotel chain, will open properties in three African countries this year and is looking at projects in five more, the company’s president said. The hotelier, based in Geneva, is adding locations in Ghana, Angola and Kenya as it seeks to expand across the continent, Kempinski President and Chief Executive Officer Reto Wittwer said(Bloomberg).

AVIATION

EasyJet founder Stelios Haji-Ioannou moved a step closer to setting up a new Africa-focused airline, Fastjet, after a British investment group he is part of bought Lonrho’s African aviation business. FastJest will fly to and fro Angola and other states (Reuters).

Fastjet will employ operating licenses held by Lonrho’s Fly540 unit to establish flights in Ghana, Kenya, Tanzania and Angola using a fleet of Airbus SAS A319 airliners or Embraer E- 190 regional jets, Ed Winter, who will run its holding company, Rubicon Diversified Investments Plc, said (Bloomberg).

MINING

 A London court has been given a glimpse into the opaque world of Angolan diamonds, in a battle between a Russian-Israeli tycoon and his one-time partner that has also thrown up how modern-day buccaneers are building fortunes from Africa’s resources (Reuters).

OIL & GAS

South Africa is looking to source oil from Angola, Nigeria and Saudi Arabia to replace supplies from Iran, which is facing sanctions over its nuclear programme, a top energy official said (Reuters).

Sonangol EP, Angola’s state-owned oil company, said its selection of Cobalt International Energy Inc. (CIE) and other partners in offshore crude fields followed Angolan law. Recent oil discoveries in Angola have attracted “parties interested in causing controversy where none exists,” Sonangol said (Bloomberg).

PORTS

The new jetty in the city of Cabinda was inaugurated as part of the programme to modernise port, airport, and rail facilities underway in Angola, the country’s Transport Minister, Augusto Tomás said (Macauhub).

Cape Verde Politics & Regional News

In Cape Verde on June 7, 2012 at 7:51 pm

ATLANTICO WEEKLY IS TAKING A BREAK AT THE MOMENT

WE WILL BE BACK SOON!

POLITICS

Various Cape Verdean personalities, including President Jorge Carlos Fonseca, will participate on June 9 in an international conference entitled “Reflecting on Cape Verde and its relationship with the world.” The event will take place at the administrative building of the University of Lisbon, in Portugal (A Semana).

Minister of Youth, Employment and the Development of Human Resources, Janira Hopffer Almada, says she refuses to comment on opposition party MpD’s request she resign from the government, following the session of questions posed in the most recent plenary session of the National Assembly regarding the Carlos Pereira case (A Semana).

SPLIT SECOND POLL

INTERNATIONAL

Cape Verde should attain the Millennium Development Goals (MDGs) set by the UN by the target year of 2015, an international survey made available said (Afrique en Ligne).

Cape Verde, a sunny collective nesting of 10 picturesque islands in the Atlantic Ocean 570 km off Africa, is shifting its eyes from Europe to countries like India which it hopes can show the way to Africa about the benefits of South-South cooperation (Two circles).

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DEFENSE & SECURITY

The eight members of the Armed Forces found guilty of having stolen and sold war-grade weapons from the armory at the Eugénio Lima barracks in Praia have been sentenced by military court to eight years in prison. The soldiers now have ten days to appeal (A Semana).

New changes are afoot at the National Police. Police intendent Emanuel Estaline Moreno, who previously served as National Police chief of operations, is now the director of the Foreigners and Border Service, a position previously held by Júlio Melício. Melício and Adalberto Coelho are now adjunct national directors (A Semana).

FOGO

Fogo Natural Park, on the island of Fogo, is the setting for a series of activities commemorating World Environment Day (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.

SANTIAGO

The Civil Movement to Save the Tarrafal Tourist Village used the designation “anti-democratic” to describe the way in which the Tarrafal de Santiago municipal chamber launched the tender for bids to choose the entity that will operate part of the Baía Verde hotel complex there. According to the group, the municipal chamber broke the law by promoting a tender for bids immediately prior to municipal elections and by altering the deadline for the decision that had been previously established by the municipal assembly (A Semana).

SAL

A German tourist died following a dive in Santa Maria, on the island of Sal. Medical personnel are investigating the cause of death, but so far evidence points to a heart attack (A Semana).

Cape Verde Business & Economy News

In Cape Verde on June 7, 2012 at 7:50 pm

ECONOMY

TomTom has announced the launch of its Map Paradise Project, which will see five families sent off to a tropical island for two weeks in order to map its roads – and earn themselves £10,000 into the bargain. The competition aims to create new maps for Cape Verde among others, with all expenses – plus the £10,000 bung – being picked up by TomTom itself (Expertreviews).

BUSINESS

Portuguese group Salvador Caetano (SC), which has been in Cape Verde for 20 years, has invested 3.6 million euros in expanding its retail area in the archipelago’s capital, Praia, and has expanded its portfolio of brands to include the Volkswagen group (Macauhub).

SPLIT SECOND POLL

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…

AVIATION

The first of the two Boeing 737-800s recently acquired by TACV from the International Lease Financing Corporation (ILFC) to renew its fleet was delivered to TACV Cabo Verde Airlines in the US state of North Carolina. The company’s director of Communications and Image, Carlos Carvalho, who declined to give a precise date for the arrival of the aircraft in order to avoid creating unnecessary expectations. Information gathered by A Semana economic supplement Cifrão, however, indicates July as the most probable month.

Flights to Cape Verde are likely to be launched from the UAE in the near future after authorities signed an aviation agreement with the African archipelago’s government in Dubai. The UAE’s General Civil Aviation Authority signed an air services Memorandum of Understanding with officials from Cape Verde. The signing was attended by representatives from several emirates and UAE carriers including Emirates Airline and Etihad Airways (Arabian Business).

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ENERGY

Cape Verde is a total winner when it comes to wind power per TWh of electricity production. Also in the case of new wind power per GDP, Cape Verde steals the show (Cleantechnica).

TOURISM

Cape Verde’s hotel establishments welcomed 139,000 guests in the first quarter of 2012, which was a year-on-year rise of 25.4 percent, the archipelago’s National Statistics Institute (INE) said (Macauhub).

Atlantico Weekly’s Angola Business News

In Angola on June 7, 2012 at 7:49 pm

PROJECT OF THE WEEK

Render of a multi-use building planned for Lobito (Skyscrapercity).

POLITICS

Angola named a new National Electoral Commission (CNE) president as opposition parties protested that too little time and few funds were allocated for campaigning before August polls. The oil-rich country’s judicial commission, the Superior Judicial Council, unanimously chose Andre da Silva Neto, a 64-year-old Supreme Court judge, to head the CNE, it said in a resolution (Independent).

The holding of the third election in Angola is an evidence of the political maturity reached by the people, following long years of war and large experience in political stabilisation and consolidation of democracy. This was said by the ex-chairman of the Mozambican National Electoral Commission (CNE), Brazão Mazula (Allafrica).

A group of former presidential guards had planned to march towards the presidential palace, on May 27, in protest against the social and economic conditions in which they were living. The date is filled with symbolism. In 1977, a march towards the presidential palace was used to justify the massacre of tens of thousands of people by the late president Agostinho Neto and his supporters, as a purported measure against a coup attempt. The tragedy of May 27 is still an open wound in Angolan society and a traumatizing event for many families who never recovered the bodies of their loved ones or knew what happen to them (AllAfrica).

INTERNATIONAL

Angola began withdrawing its troops and military equipment from Guinea-Bissau, ending a year-long mission in the West African country aimed at reforming the army but which instead helped trigger a coup. An Angolan ship, the Rio Mbridge, began loading up men and equipment at the port of Bissau, and airplanes were deployed to pick up remaining troops who had been headquartered in a hotel in the seaside capital (Reuters).

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ECONOMY

The Angolan state plans to subsidise the interest rate on loans to a total of US$155 million provided by the 19 retail banks that are taking art in the !Angola Investe” programme to support micro. Small and medium-sized companies (Macauhub).

BUSINESS

Isabel dos Santos has again increased he stake in Portuguese media company Zon Multimédia by acquiring the 2.82 percent of the company owned by Portuguese group Cinveste. With this latest acquisition dos Santos, the daughter of Angolan President José Eduardo dos Santos, has increased her stake in Zon to 17.84 percent (Macauhub).

South African food and clothing retailer Woolworths Holdings Ltd. is exploring expansion into Angola (Bloomberg).

MINING

The re-launch of iron ore mining in the Jamba municipal area of Angola’s Huíla province, expected in 2013, will create over 6000 direct jobs, according to a report from Angolan mining company Sociedade Angolana de Exploração de Recursos Minerais (AEMR) (Macauhub).

OIL & GAS

Angola LNG, operator of one of the world’s most modern LNG and processing facilities in Soyo, Zaire Province in Angola, and GE Oil & Gas have signed a long-term contractual service agreement (CSA) designed to increase overall plant efficiency and provide maximum availability for the key gas compression equipment (Marketwatch).