News from Cape Verde, Angola & Mozambique

Archive for March, 2013|Monthly archive page

Cape Verde Business News

In Cape Verde on March 28, 2013 at 11:55 am

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CAPE VERDE FLIGHT GUIDE WINTER 2012/2013

Welcome on Board! Check out Atlantico Weekly’s latest feature, the Cape Verde Flight Guide, with TACV Cape Verde Airlines Winter 2012-13 timetable and an overview of all flights to and from Cape Verde. Coming soon is the 2013 Summer Edition!

BEST RESTAURANT OF CAPE VERDE 2013

Participate in this year’s poll! Nominate your candidates for Best Restaurant of Cape Verde in 2013 before April 10th, 2013. Please go to the Best Restaurant page and fill in the form, thank you! Tambem em Portugues!

BEST CAPE VERDE MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Cape Verde and Angolan music, like Cesaria Evora, Tito Paris, Lura, Nancy Vieira, Mayra Andrade, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Cape Verde and Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

THE GRAND TOUR OF CAPE VERDE

Check out The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands Santiago, Sal, Santo Antao, Boa Vista and Sao Vicente. Agora tambem em Portugues!

WINE

The famous “Cha” wines from the cooperative wine cellar Cha das Caldeiras remain in high demand, mainly on the islands with greater tourist potential like Boavista, Sal and Santiago (Praia),David Monteiro “Neves”, chairman of the  Cha Wine Cellar said to the press.

The first bottling of the Maria Chaves wine, produced at the Monte Barro winery, will begin the first week of April, Inforpress reported.

AVIATION

A warning light in the cockpit of the Boeing carrying out TACV Cabo Verde Airlines’ weekly connection between Praia and the Brazilian city of Fortaleza, forced the aircraft to return to its point of departure 30 minutes after takeoff, A Semana reported. The Boeing 737 was acquired by TACV last year.

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AGORA TAMBEM EM PORTUGUES!

O Grand Tour de Cabo Verde esta a ser traduzido em Portugues! Começamos na Ilha de Santiago e ja seguimos para a Ilha de Sao Vicente

ECONOMY

Prime Minister Jose Maria Neves, said he has no knowledge about Angolan companies interested in participating as strategic partners in the privatization of airline TACV and utility company Electra, Inforpress reported.

The Association of Young Entrepreneurs of Cape Verde (known by the acronym AJEC) was distinguished in two of nine world-wide categories – Most Activities per Capita and Country of the Year Award – during the Global Entrepreneurship Congress, which in Rio de Janeiro, Brazil.

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!

TOURISM

A total of 3,902 tourists disembarked from two large cruise ships, Germany’s Aidacara and Italy’s Costa Furtuna, last Friday morning in Mindelo. The stopover on the island of São Vicente lasted just a few hours, enough time to tour the island by car, visit downtown Mindelo, buy souvenirs and have lunch, A Semana reported.

The Cape Verdean government will provide tax benefits to the Batuque Hotelaria e Turismo enterprise, that plans to build the first Hilton Hotel in Cape Verde on Sal Island, the Cape Verde press reported. Work is due to begin in the next six months. Under the terms of the investment contract the government guaranteed that Batuque Hotelaria e Turismo would be offered exemption on property tax (IUP), customs tax as well as income tax (IUR) in the Hilton Hotel Cape Verde’s first five years of operation.

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 …!

Angola Business News

In Angola on March 28, 2013 at 11:54 am

NEWS

At least two million and 300 thousand is the number of qualified staff that Angola expects having by 2020 to meet the needs for the development of major priority points of the economy over the next five years, economist Manuel Nunes Júnior said according to ANGOP. The economist stated that these cadres will be trained to respond to the developmental needs of large groups of the economy as the mega “cluster” of geology, mining and industry, oil and gas, energy and water, forests, housing, tourism and leisure, health, education and culture, transport and logistics and financial activities.

ECONOMY

Gross Domestic Product (GDP) in Angola will reach an average growth of 7.1 percent in next five years. The data were released by the economist Manuel Júnior (ANGOP).

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BEST ANGOLA MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Angolan music, like Waldemar Bastos, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

LOGISTICS & TRANSPORT

Angola plans to restart a railway used to bring metal to the Atlantic Ocean port of Lobito from some of the world’s richest copper fields after a four-decade halt due to a civil war. The line from the port of Lobito will reach the border of the Democratic Republic of Congo in August, when cargo will move along the refurbished 1,344-kilometer (835-mile) line linking Lobito with Luau on the Congo border. When a branch line inside Zambia, Africa’s largest copper producer, is completed in December Lobito will be able to compete with ports in East Africa for copper exports from Zambia and the Democratic Republic of Congo, Bloomberg reported.

Also, the circulation of trains between the cities of Namibe and Lubango will be resumed in April, after the construction and rehabilitation of the Moçamedes railway, ANGOP reported.

PROJECT OF THE WEEK

Render of the four tower Sky Resident project, built in Luanda.

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BANKING

Ecobank Transnational said its full-year pretax profit rose 25 percent in 2012 to its highest ever of $348 million, compared with $277 million the previous year. The bank is seeking to enter into Equatorial Guinea, Angola and Mozambique, Reuters reported.

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OIL & GAS

Angola, Africa’s second-largest oil producer, will raise exports in May to the highest in more than three years, after one more cargo than in the preliminary plan, according to a final loading program obtained by Bloomberg News.

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Mozambique Business news

In Mozambique on March 28, 2013 at 11:53 am

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NEWS

Mozambique lost revenues of US$67 million in 2012 due to illegal fishing by foreign fishing vessels within its territorial waters, particularly in the bays of Maputo and Sofala, Mozambican press reported. It was reported that last year around 20,000 tons of tuna and an unspecified amount of shrimp were caught in Mozambique’s waters.

A project to build a factory to assemble computers in Mozambique appears to have collapsed due to a disagreement between the Mozambican government and its foreign partner, South Africa’s Sahara Computers (Macauhub).

BRAZIL WEEKLY

Be very welcome to also visit our sister publication, Brazil Weekly, with news about developments in Brazil. Check out for instance our City Briefs about the country’s most important economic centers, with lots of relevant information for business travellers…enjoy!

OPINION

Our latest opinion article is a reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

ECONOMY

The Consumer Price Index in February 2013 rose 1.43% in the City of Maputo, more than the national average that month, which stood at 1.16% (INE).

The creation of the Beira Special Economic Zone (ZEE) will boost relations between Mozambique and China and attract investment to the neglected central area of the East African country, the Economist Intelligence Unit (EIU) said (Macauhub).

Over the next three years Mozambique expects to receive investments totalling around US$10 billion with the annual approval of around 300 projects, the press reported.

AVIATION

Aeroportos de Moçambique plans to increase landing charges on flights to ensure it is able to pay for modernisation work at its airports, on which it spent US$350 million, local press reported. Current charges will be increased from US$10 to US$13 on domestic flights and from US$30 to US$35 on international flights.

MINING

Exports of coal mined in Mozambique’s Tete province have begun to be exported once again from the port of Beira following a three-week stoppage due to the closure of the Sena Railroad, Mozambican press reported. Three ships with a gross tonnage of 35,000 tons left the port earlier this week carrying coal.

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LNG

Italy’s Eni said it is is open to talks with Gazprom about a possible partnership in Mozambique but is not aware of any interest from the Russian state gas monopoly in buying a stake in its gas assets there, as reported by the international press last week (Reuters).

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Cape Verde Business News

In Cape Verde on March 21, 2013 at 8:09 pm

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CAPE VERDE FLIGHT GUIDE WINTER 2012/2013

Welcome on Board! Check out Atlantico Weekly’s latest feature, the Cape Verde Flight Guide, with TACV Cape Verde Airlines Winter 2012-13 timetable and an overview of all flights to and from Cape Verde. Coming soon is the 2013 Summer Edition!

POLITICS

Praia Mayor Ulisses Correia e Silva should in the coming days formalize his candidacy for president of the Movimento para a Democracia (MPD-opposition party), the Cape Verde press revealed.

BEST RESTAURANT OF CAPE VERDE 2013

Participate in this year’s poll! Nominate your candidates for Best Restaurant of Cape Verde in 2013 before April 10th, 2013. Please go to the Best Restaurant page and fill in the form, thank you! Tambem em Portugues!

 

BEST CAPE VERDE MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Cape Verde and Angolan music, like Cesaria Evora, Tito Paris, Lura, Nancy Vieira, Mayra Andrade, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Cape Verde and Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

THE GRAND TOUR OF CAPE VERDE

Check out The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands Santiago, Sal, Santo Antao, Boa Vista and Sao Vicente. Agora tambem em Portugues!

FOGO

The Ministry of Culture will support the City Council of Mosteiros with the installation of a future Coffee Museum, the Cape Verde press reported.

AGRI ETC.

The Postharvest Center of Santo Antao is in the process of acquiring a freezer car that will facilitate the transportion of agricultural products to the islands of Boa Vista and Sal (Inforpress).

The Minister of Rural Development (MDR), Eva Ortet, announced that the Government will invest in creating a logistics company, to be based in Praia, to unify the agri-business market in the country, local press reported.

AVIATION

As of July 2nd 2013 TACV will start offering direct flights between Marseille and Cape Verde. We will keep you informed.

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AGORA TAMBEM EM PORTUGUES!

O Grand Tour de Cabo Verde esta a ser traduzido em Portugues! Começamos na Ilha de Santiago e ja seguimos para a Ilha de Sao Vicente

ECONOMY

The government issued an ordinance eliminating minimum capital requirements previously included in the Commercial Entity Code for the registration of new companies. The government believes that the requirement was an obstacle to the creation of businesses in sectors with a potential for growth in which large amounts of capital are not needed in order to start a company, A Semana reported.

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!

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 …!

Angola Business News

In Angola on March 21, 2013 at 8:09 pm

NEWS

Trade between Angola and the United States in 2012 totalled US$15 billion, which was a rise of 15 percent against the US$13 billion figure for the previous year. In the period, two-way trade was significantly in Angola’s favour as it sold mainly oil and diamonds to the US, in the value of US$13 billion and imported goods worth just US$2 billion, specifically foodstuffs, equipment for the oil sector and miscellaneous machinery, international press reported.

BRAZIL WEEKLY

Be very welcome to also visit our sister publication, Brazil Weekly, with news about developments in Brazil. Check out for instance our City Briefs about the country’s most important economic centers, with lots of relevant information for business travellers…enjoy!

BEST ANGOLA MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Angolan music, like Waldemar Bastos, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

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BUSINESS

Banco BIC has applied to Namibia’s central bank to open branches in its southern neighbor and plans a representative office in Johannesburg. The bank is also studying Botswana, Republic of Congo, Democratic Republic of Congo, Zambia and Gabon, Bloomberg reported.

Angolan telecommunications company Unitel International Holding has proposed to pay US$7.5 million for a second fixed line and mobile telecommunications license in Sao Tome and Principe.

AVIATION

Yuri Gagarin International Airport, in Angola’s Namibe province, will be closed for construction work and expansion until next August.

TAAG will soon increase the number of flights it offers to China to two per week and to three per week to the United Arab Emirates, an increase of one flight per destinations, local press reported.

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OIL & GAS

Angola will raise exports in May to the most in nine months, according to a preliminary loading program obtained by Bloomberg News.

The price of crude oil will remain at more than $100 a barrel for the rest of 2013, Angolan Petroleum Minister Jose Maria Botelho de Vasconcelos said (Bloomberg).

ENI Angola, a subsidiary of Italian group ENI, has found more oil in block 15/6 in the deep waters of the Angolan sea, the company said in a joint statement issued with Angolan oil company Sonangol.

OPINION

Our latest opinion article is a reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

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Mozambique Business News

In Mozambique on March 21, 2013 at 8:07 pm

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NEWS

One thousand four hundred foreign direct investment (FDI) projects in Mozambique to the total value of US$18 billion have been approved since 2009 until now, according to the Centre for Investment Promotion (CPI). Of the total investment approved over the five years, with potential to create 200,000 jobs, US$4.9 billion were for projects registered in 2012, the international press reported. Interests based in the UAE were the biggest foreign investor last year.

Business between Mozambique’s small and medium-sized enterprises (SMEs) and large projects operating in Mozambique rose from US$45 million per year in 2002 to US$350 million in 2011, according to figures published by the Ministry for Planning and Development. The business of supplying goods and services to large projects at the end of 2011 involved around 470 small and medium-sized Mozambican companies. The main factors affecting business growth for these companies are high interest rates and a poor business climate, the Ministry reported.

Mozambique’s dependence on external financing of its state budget fell to less than 30 percent in 2012, the local press reported. The Mozambican government plans to issue internal debt of 3.6 billion meticals (US$120 million) in order to cover the budget deficit for this year, the press reported in a separate development.

TRANSPORT & LOGISTICS

Spanish constructor Sacyr Vallehermoso said that two of its Portuguese affiliates had been granted two contracts in Mozambique by Brazilian mining company Vale worth 177 million euros ($228 million). The railway contracts, given to the Sacyr affiliates Somague and Neopul, form part of the expansion of the Moatize mine in the Tete province, Reuters reported.

Mozambican Railway Co. said it has lost $22.4 million since January following floods. The Limpopo Line in southern Maputo province, linking South Africa to Maputo port, was the worst affected and lost $9.6 million. A second Limpopo Line, linking Mozambique and Zimbabwe, recorded a loss of $4.8 million, while the Sena Line, a coal transport route from the Moatize mine to Beira port, lost $8 million, according to Bloomberg.

PROJECT OF THE WEEK

Render of the future bridge between Maputo and Catembe (Source: Skyscrapercity).

AGRI ETC.

A conference intended to raise funds of US$4 billion to fund Mozambique’s National Agricultural Sector Investment Plan is due to be held in Maputo at the beginning of April. Of the US$4 billion needed to carry out the plans, just 19 percent, or US$760 million, was available, and it is hoped that the remainder will be funded by cooperation partners, the international press reported.

MINING

Rio Tinto Group set up a joint venture with Mozambique Mining Exploration Co. (EMEM) to explore for coal in the country’s Tete province. The Changara Mines venture will be 75 percent-held by a unit of Rio and the rest by Mozambique Mining. Rio will transfer three exploration licenses to the venture, Bloomberg reported. EMEM is a state company whose focus is geological mining, advisory, consulting and technical assistance, carrying out prospecting and research for natural resources and development of partnerships with other national and foreign companies.

Australian company Triton Minerals is due to start quarrying graphite in Mozambique’s Cabo Delgado province. Acquisition of equipment and hiring staff was going according to plan. The initial focus will be on the Balama Norte region, which is considered to have high quality graphite deposits, the company informed.

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LNG

Russia’s state gas monopoly Gazprom is interested in acquiring gas assets of Italy’s Eni in Mozambique. Eni has already agreed to sell a 20 percent stake in its Mozambique offshore project to Chinese oil company CNPC. The Italian company still has 50 percent of its biggest ever gas discovery. The other shareholders in Eni’s Area 4 prospect are state firm Empresa Nacional de Hidrocarbonetos de Mocambique, South Korea’s Kogas and Portugal’s Galp Energia, each with a 10 percent stake (Reuters).

Cape Verde Business News

In Cape Verde on March 14, 2013 at 5:22 pm

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CAPE VERDE FLIGHT GUIDE WINTER 2012/2013

Welcome on Board! Check out Atlantico Weekly’s latest feature, the Cape Verde Flight Guide, with TACV Cape Verde Airlines Winter 2012-13 timetable and an overview of all flights to and from Cape Verde. Coming soon is the 2013 Summer Edition!

POLITICS

Prime Minister Jose Maria Neves was re-elected for the fifth consecutive term as president of the Partido Africano da Independência de Cabo Verde  (PAICV) with 98 percent of votes in a ballot unopposed.

BEST CAPE VERDE MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Cape Verde and Angolan music, like Cesaria Evora, Tito Paris, Lura, Nancy Vieira, Mayra Andrade, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Cape Verde and Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

THE GRAND TOUR OF CAPE VERDE

Check out The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands Santiago, Sal, Santo Antao, Boa Vista and Sao Vicente. Agora tambem em Portugues!

SAL

The fourth edition of the International Film Festival of Cape Verde takes place on October 17-20 in Sal. Registration is already open. This year the organization hopes to increase number of films, the Cape Verde press reported.

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SANTIAGO

The Cape Verdean government is negotiating funding from Japan to finance a project that will increase drinking water production on Santiago island by desalinating sea water, press reported.

AGORA TAMBEM EM PORTUGUES!

O Grand Tour de Cabo Verde esta a ser traduzido em Portugues! Começamos na Ilha de Santiago e ja seguimos para a Ilha de Sao Vicente

ECONOMY

In February 2013 the rate of change recorded in the Consumer Price Index was 3.1%, down 1.4% from the figure recorded in the previous month (INE).

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!

BEST RESTAURANT OF CAPE VERDE 2013

Participate in this year’s poll! Nominate your candidates for Best Restaurant of Cape Verde in 2013 before April 10th, 2013. Please go to the Best Restaurant page and fill in the form, thank you!

TOURISM

The city of Praia saw three cruise ships docked at its port at the same time. The Kristina Katarina is carrying some 300 passengers, the Aida Cara 1,200 and the Albatroz more than 800.

At 87th place, Cape Verde heads the Travel and Tourism Competitiveness Index among Africa’s Portuguese-language countries, and is the third in the Community of Portuguese Language Counties (CPLP) and the fourth in sub-Saharan Africa.

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 …!

Angola Business News

In Angola on March 14, 2013 at 5:18 pm

NEWS

Middle class Angolans are willing to line up for days to find new homes to escape their rundown neighborhoods in Luanda. Thousands of people wait for 1,200 application spots a day at Kilamba, a new Chinese-built city of 5,400 hectares (13,300 acres), while other sites at Cacuaco, Capari, Kilometer 44 and Zango are also filling up, Bloomberg reported.

Angola received a boost to its free speech from the Portuguese courts, which refused to allow Angolan generals to stop the publication of a book exposing corruption and human rights abuses in the southern African country’s lucrative diamond mines (News24).

BRAZIL WEEKLY

Be very welcome to also visit our sister publication, Brazil Weekly, with news about developments in Brazil. Check out for instance our City Briefs about the country’s most important economic centers, with lots of relevant information for business travellers…enjoy!

BEST ANGOLA MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Angolan music, like Waldemar Bastos, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

ECONOMY

Jose Filomeno de Sousa dos Santos, director for strategy at the Sovereign Wealth Fund of Angola — better known by its Portuguese acronym FSDEA — says the fund’s priority is to invest in industries, manufacturing and infrastructure. It is keen to put that cash in Angolan projects, as well as those of key ally South Africa, and possibly western economies (BusinessDay).

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BUSINESS

Banco BIC SA, Angola’s biggest private bank in terms of branches, has $760 million to expand its network and carry out an acquisition in Brazil. Banco BIC, which bought Banco Portugues de Negocios SA from the Portuguese government last year for 40 million euros, a transaction that didn’t include all BPN subsidiaries, agreed to pay another 30 million euros for BPN’s Cape Verde unit, Bloomberg reported.

Procana, the programme for sugar cane production in Angola’s Kwanza Sul province, which has been at a standstill since 2010, requires investment of at least US$623 million, ANGOP reported.

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OIL & GAS

A liquefied natural gas carrier signaled that it’s sailing to Angola, prompting speculation shipments of the fuel from a project in the West African country may soon start after more than a year’s delay, Bloomberg reported.

OPINION

Our latest opinion article is a reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

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Mozambique Business News

In Mozambique on March 14, 2013 at 5:16 pm

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NEWS

Mozambique has delayed an offer of new oil and gas exploration blocks until after proposed revisions to its petroleum law have been passed, a senior official at the National Petroleum Institute (INP) said according to Reuters.

Mozambique is now the latest country facing the difficult question: how to avoid the “resource curse”, whereby economies in resource-rich countries grow more slowly than others, as unwanted side-effects of this wealth, such as corruption, take hold, BusinessDay analyses.

South Korean group Hyosung has signed a contract worth 93 billion won (US$85 million) with the Mozambican government to build a solar power plant with a capacity of 1.3 megawatts, Macauhub reported.

TRANSPORT & LOGISTICS

Bollore Africa Logistics is vying to operate container terminals in Mozambique among other places, with the possibility of upgrading existing infrastructure and building new facilities, Bloomberg reported. Bollore Africa inaugurated a $15 million oil-and-gas floating terminal this week in Pemba.

PROJECT OF THE WEEK

Render of the new Standard Bank office for Mozambique, currently under construction in Maputo.

AVIATION

Linhas Aéreas de Moçambique (LAM) plans to increase the number of seats available by 20 percent to over 700,000 passengers in 2013, the Mozambican press reported. The increase would be the result of operations in Tete and Nampula, in the centre and north of the country, where there are large coal and oil and gas projects underway. In 2012, LAM acquired two aircraft, a Boeing 737-500 and an Embraer E-190. Mozambique’s flagship airline is still banned from flying to Europe.

MINING

Vale still expects to export 4.9 million tonnes of coal from its mine in Mozambique this year despite a temporary shutdown of a flood-hit railway line linking its pit with the port, Reuters reported.

Coal India Ltd., the world’s biggest producer of the fuel, plans to spend 100 billion rupees on exploration and building logistics infrastructure in Mozambique, Bloomberg reported. Coal India has prospecting rights for two blocks in Mozambique’s Tete province.

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SUBSCRIBE!

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LNG

Italian oil firm Eni connected east Africa’s gas riches to energy-hungry China with the sale of a 20 percent stake in its Mozambique offshore project to Chinese oil company CNPC, Reuters reported.

Indian state-owned explorers ONGC and Oil India Ltd have made a joint first-round bid for a 20 percent stake in a Mozambique oil and gas field being offered by U.S. explorer Anadarko Petroleum Corp and India’s Videocon Group, Reuters reported.

South African petrochemicals group Sasol may be interested in buying into the gas blocks offered for sale in Mozambique’s lucrative Rovuma basin, its chief executive said.”We are interested in looking at what we might do with some of the owners of the Rovuma basin blocks, what their needs are and how we might be able to help them monetise the gas with our technologies,” Sasol CEO David Constable told Reuters.

Anadarko Petroleum Corp. said it’s in talks with potential customers in Japan to buy supplies from a joint liquefied natural gas plant in Mozambique it’s planning with Eni SpA, Bloomberg reported.

The liquefaction and subsequent sale of the natural gas found in the Rovuma basin in northern Mozambique, requires investment of over US$20 billion, the deputy Mining Resources Minister, Abdul Razak said, the international press reported.

Cape Verde Business News

In Cape Verde on March 7, 2013 at 6:25 pm

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CAPE VERDE FLIGHT GUIDE WINTER 2012/2013

Welcome on Board! Check out Atlantico Weekly’s latest feature, the Cape Verde Flight Guide, with TACV Cape Verde Airlines Winter 2012-13 timetable and an overview of all flights to and from Cape Verde!

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BEST CAPE VERDE MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Cape Verde and Angolan music, like Cesaria Evora, Tito Paris, Lura, Nancy Vieira, Mayra Andrade, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Cape Verde and Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

CULTURE

A posthumous CD called “Mae carinhosa” (Loving Mother) by Cesaria Evora was launched in Europe, with 13 new songs recorded between 1997 and 2005, Inforpress reported.

THE GRAND TOUR OF CAPE VERDE

Check out The Grand Tour of Cape Verde, Atlantico Weekly’s travel guide to the country’s main islands Santiago, Sal, Santo Antao, Boa Vista and Sao Vicente. Agora tambem em Portugues!

SAO VICENTE

The Mindelo Cultural Center currently have no electricity. Supply of electricity was cut off to the Mindelo Cultural Center because of a considerable debt owed water and electricity utility Electra by the Ministry of Culture, which owns the Center. In addition to the lack of electricity, the Mindelo Cultural Center has had no telephone or Internet connection for at least three months, A Semana reported.

AGORA TAMBEM EM PORTUGUES!

O Grand Tour de Cabo Verde esta a ser traduzido em Portugues! Começamos na Ilha de Santiago e ja seguimos para a Ilha de Sao Vicente

ECONOMY

Technical problems and theft account for 37 percent of electric power production being lost in Cape Verde, an amount worth 200 to 300 million Cape Verdean escudos (1.8/2.7 million euros) each month, said the head of the country’s Electra public water and electric power utility. Alexandre Fontes told Portuguese news agency Lusa that technical losses represent 13 percent of total production and theft (illegal connections) 24 percent, a situation that will soon be controlled by new legislation to change the criminal code being prepared by the government (Macauhub).

BRAZIL WEEKLY

Be very welcome to also visit our sister publication, Brazil Weekly, with news about developments in Brazil. Check out for instance our City Briefs about the country’s most important economic centers, with lots of relevant information for business travellers…enjoy!

AVIATION

Remodeling begins this month of the airport on the Island of São Nicolau. The modernization of the infrastructure will include the building of a new passenger terminal – a pre-fabricated, light and flexible structure known as a flexiterminal, the first of its kind to be used in Cape Verde. The new passenger terminal at São Nicolau airport, which is located between the villages of Caleijão and Preguiça, is intended to respond to the demand of the approximately 40,000 passengers a year who make their way to the island, A Semana reported.

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!

With Jacqueline Sturiale, Paulino Dias, Don Xavier, Fatima Lima, Djopan Oliveira, Patone Lobo, Emanuel Spencer, Paulo Martins, Scapa and many others…

TOURISM

Cape Verdeans making maritime trips between the islands have, since February 18, been paying a new tax included in ticket prices. Port management company Enaport explains that the funds collected for every ticket (30 escudos) are channeled into the maintenance of passenger terminals, A Semana reported.

According to data from the annual survey conducted by the National Institute of Statistics, 207 hotel establishments were active in 2012, 6.2% more than the previous year. These hotels offered an accommodation capacity of 8.522 rooms and 14.999 bedswhich translated into increases of 7.9% and 6.6% respectively during the previous year (INE).

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 …!

Angola Business News

In Angola on March 7, 2013 at 6:24 pm

NEWS

Angola’s Transport Minister Augusto da Silva Tomás said that three railway lines would soon be built in Angola’s capital, Luanda, for passenger transport. The study for the Luanda metropolitan light railway is in its concluding stages and the railway would meet passenger transport needs. One of the three lines will link the centre of Luanda to the new international airport and the others would link the city centre to Talatona and Kilamba Kiaxi. The project would require construction of a central station in Luanda where all modes of passenger transport would come together (road, rail and individual transport), Angop reported.

BEST ANGOLA MUSIC & BOOKS

Be welcome to check out Atlantico Weekly’s music cd and book store in cooperation with Amazon.com! Browse the Atlantico Store for the latest and best Angolan music, like Waldemar Bastos, Bonga and many others…! Also use the Atlantico Store to find relevant maps, books on politics, economics and history as well as travel or tourist guides about Angola. You order straight with Amazon, one of the best online stores in the world. Enjoy!

ECONOMY

The London Stock Exchange expects an increase in new listings from African companies this year as businesses in the continent’s fast-growing economies seek to attract foreign investors. London, which has seen a general drop off in listing activity over the past few years due to the global financial crisis, expects companies from countries including Mozambique could go public on its markets. The LSE has been on a push to secure links with exchanges in emerging economies and has been involved in helping to develop the stock exchange and capital markets infrastructure in resource-rich Mongolia. It is now hoping to do a similar thing in Angola, Reuters reported.

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BUSINESS

The transport of cargo by rail in Angola will begin this month from the port of Luanda for the first time in two decades. The target is to move 615,000 metric tons a year. Cargo will move along the refurbished line from the capital to the city of Malange, about 250 kilometers (155 miles) inland, and from the Boa Vista cargo terminal near the port to Viana, a town 26 kilometers to the east with a special economic zone to encourage industry, according to Bloomberg.

Angola is an attractive market for investments in container cargo transport, the director for Angola of the Maersk group, Cláudio Rosa, said. Rosa said that the group’s port productivity in Angola had improved over the last six years, increasing from seven movements per hour in 2006 to 25 movements in 2012 (Macauhub).

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OIL & GAS

Angola’s state oil firm Sonangol has teamed up with a Trafigura joint venture DT Group to set up a global LNG trading desk. The new company, Sonaci DT Pte Ltd., will market both Angola’s new LNG exports and cargoes sourced on the international market. Sonaci DT Pte Ltd. will hire trading teams in Geneva and Singapore (Reuters).

OPINION

Our latest opinion article is a reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

TOURISM

The prospects for tourism growth in Angola, specifically the target of welcoming 4.6 million tourists to the country in 2020, were re-stated at the Lisbon Tourism fair (BTL). Structural activities to improve tourism development hubs, along with the tourism development fund, training, promotion of social tourism and others activities were behind the increasing number of tourists visiting Angola, Macauhub reported.

SPLIT SECOND POLL

Mozambique Business News

In Mozambique on March 7, 2013 at 6:22 pm

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NEWS

Human rights campaigner Graça Machel warned that Mozambique’s newly found mineral wealth could be a source of conflict if it does not filter down to the majority of the poverty-stricken people. Mozambique is fast rising from being one of the world’s most impoverished countries to one of the fastest growing economies, thanks to the recently discovered vast quantities of natural gas and coal reserves. Mozambican police have seized 600 kg (1,300 lbs) of heroin, one of their biggest ever drugs hauls, hidden in a flat-bed truck they believe was heading from Kenya to South Africa, local press reported. Read on at News24.

TRANSPORT & LOGISTICS

The Goba railroad is being used to transport goods from South Africa to the port of Maputo as an alternative to the Ressano Garcia line, which is closed due to a derailment on 19 February, according to state port and rail management company Portos e Caminhos de Ferro de Moçambique (CFM) (Macauhub).

Grindrod Ltd. (GND), Africa’s largest shipping company, plans to raise capacity at a coal terminal in Mozambique to as much as 7.5 million metric tons a year by the middle of 2013, Chief Executive Officer Alan Olivier said (Bloomberg).

Mozambique has reopened its Sena railway line, the only available rail coal export route for mining giants Vale and Rio Tinto , after a two-week closure due to floods, state logistics group CFM said (Reuters).

The government of Japan has granted a US$84 million loan to Mozambique to help finance the first phase of the Nacala port development project in Nampula province. The first phase of the port development project will consist of dredging along the north quay, land reclamation and levelling, and paving of the container terminal, among other improvements (Macauhub).

The Zambian government has told the Mozambican government that it plans to use the port of Nacala, in Nampula province, to export surplus copper mined in the country, Macauhub reported.

MINING

For Mozambican tribal queen Zoria Macajo, the thatched-hut village of Capanga, nestled in the hills above the Zambezi river, has been her family’s home for generations. For mining giant Rio Tinto it is a headache sitting on top of one of the world’s largest untapped coal reserves, standing in the way of the company’s expansion. Read the story at Reuters.

Eqstra Holdings resumed contract mining at Rio Tinto’s Benga coking coal project in Mozambique and will be paid compensation after Rio halted mining last month. JSE-listed Eqstra was told to stop waste and coal mining operations from midnight on February 20 when Rio Tinto declared force majeure at the project because of damage to the Sena railway line, which was caused by flooding (Businessday).

Expansion of mining exploration by Brazilian mining group Vale in Moatize, Mozambique has been postponed for a year, from the second half of 2014 to the same period of 2015, the group said whilst reporting on its accounts for 2012 (Macauhub).

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LNG

Eni is talking to China’s CNPC to sell a stake of up to 20 percent in its Mozambique gas field in the Rovuma Basin for around $4 billion, Reuters reported.

Royal Dutch Shell Plc would be a good buyer for a stake in a Mozambique gas field, which sources say could fetch $4.5 billion, because of Shell’s background in liquefied natural gas (LNG), the head of Mozambique’s petroleum management body said, according to Reuters.

Anadarko Petroleum Corp and an Indian billionaire have launched the auction of a 20 percent stake in a Mozambique gas field that could fetch $4.5 billion. PetroChina, Shell and Exxon Mobil Corp are among suitors expected to submit indicative proposals. U.S. oil and gas explorer Anadarko is the operator of Mozambique’s offshore Area 1 with a 36.5 percent interest, while Japan’s Mitsui & Co Ltd is the second-biggest holder in the block with a 20 percent stake. India’s state-owned refiner Bharat Petroleum Corp Ltd and a unit of Dhoot’s Videocon Industries own 10 percent each, while PTT has an 8.5 percent interest and Mozambique’s state-owned ENH 15 percent (Reuters).