News from Cape Verde, Angola & Mozambique

Archive for September, 2013|Monthly archive page

Cape Verde Business News

In Cape Verde on September 26, 2013 at 9:24 am

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NEWS

Prime Minister José Maria Neves will be in Boston, Massachusetts, on Monday, September 30, to attend a forum with the aim of promoting bilateral trade and investment on the part of American entrepreneurs in Cape Verde. The singular event, promoted by the two countries, aims to position Cape Verde as a business center for West Africa, and will serve as an opportunity for Cape Verdean business owners and investors to become more familiar with AGOA, a program created more than two decades ago by the United States government to provide African countries with tariff- and quota-free access to the US market (A Semana).

As long as they fit in with reality, clusters are a good investment for the Cape Verdean government, according to Pascal Lamy, Director-General of the World Trade Organization. As he prepared to step down from the office after two consecutive terms at the helm of the WTO, the former European Commissioner for Trade under the presidency of Romano Prodi and influential member of the French Socialist Party visited Cape Verde. While in the city of Praia, Lamy confessed his admiration for this archipelago of the Atlantic which has proved capable of overcoming structural difficulties and serves as an example of good governance in Africa (A Semana).

WHAT IS THE BEST RESTAURANT OF CAPE VERDE 2013?

Check out the results of Atlantico Weekly’s poll on the Best Restaurant of Cape Verde in 2013.

– INTERVIEW –

Atlantico Weekly recently spoke with Cape Verde’s Prime Minister José Maria Neves about Cape Verde’s business opportunities, development strategy, privatisations, new property tax law, international relations and much more in: Islands of Sun and Freedom in a Sea of Opportunities

– ENTREVISTA –

Atlantico Weekly falou com o Primeiro-Ministro de Cabo Verde, Dr José Maria Neves, sobre as opportunidades de negócios em Cabo Verde, a stratégia de desenvolvimento, mudanças na tributação, as privatisações, as relações internacionais e muito mais em: Ilhas de Sol e Liberdade num Mar de Oportunidades

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!

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

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ECONOMY

Ulisses Correia e Silva, the chairman of opposition party MpD, has recommended a wider-reaching approach to the business sector in Cape Verde in order to give the country an economy with the capacity to continually increase its export volume, create businesses and jobs, renew the business fabric, attract foreign investment and spur business in other sectors and services. The MpD leader, who spoke to A Semana Online following a visit to the Business Development and Innovation Agency (ADEI), said that the government’s fiscal policy should also be general and wide-reaching and much more favorable than it currently is.

The President of the Movement for Democracy (MpD – opposition party) also advocated the need to endow Cabo Verde Investimentos (CI) of “more human and budgetary resources to invest and play well its role”. Ulisses Correia e Silva said the institution needs to have all the articulation institutional conditions to operate as a one-stop shop for investors (Inforpress).

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!

SANTO ANTAO

A fire broke out at the Santantão Art Resort Hotel in the city of Porto Novo, Santo Antão, on September 23, as a result of a short circuit. No one was injured in the blaze, A Semana reported.

SAO VICENTE

The Casa Serradas in Mindelo (São Vicente) is on the verge of bankruptcy, without replacement of the stock, with 45 workers without salaries for almost six months. The management is at a unknown location abroad for quite some time. The Union of industry, Commerce and services (SICS), which represents workers of Serradas said that this situation may lead to the insolvency of the firm (Inforpress).

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 e a Ilha de Santo Antao

Angola Business News

In Angola on September 26, 2013 at 9:23 am

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NEWS

Seven Angolans arrested at a demonstration against President Jose Eduardo dos Santos last week were released on bail, as human rights groups complained about assaults on protesters and journalists who cover such events (Reuters).

The 26-kilometre road linking the city of Benguela to the municipality of Baía Farta, was re-opened to traffic, as work to repair and widen it was concluded, local press reported.

– INTERVIEW –

ANGOLA BEYOND OIL & GAS

Check out our first feature story about Angola, an interview with Maria Luisa Abrantes, Director of ANIP, Angola’s Investment Agency: Angola Beyond Oil & Gas

ECONOMY

Angola’s plans to invest $23 billion by 2017 on its electricity network to help create new sectors in the oil-producing economy can only work if its energy companies become more efficient and skilled, Reuters reported.

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SPLIT SECOND POLL

PROJECT OF THE WEEK

SAMSUNG CAMERA PICTURES

Render of the Chicala Mar complex for Luanda.

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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Are you planning on doing business in Angola? Get there with

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THE RISE OF THE PACS

Meet three booming Portuguese-speaking African Countries.

maputobridge

The rise of the what? Another acronym, you say? Well, why not… In Portuguese the countries are called PALOPs, the Paises Africanos de Lingua Oficial Portuguesa (or African Countries with Portuguese as Official Language). So we call them PACs. Three PACs have become booming economies and nobody is stopping them: Cape Verde, Angola and Mozambique. Check it out.

SOUTH AFRICA

malema2

Julius Malema’s Economic Freedom Fighters have arrived. Will they succeed in capturing voters? Who will benefit from them? Check it out at Rotterdam Week.

TOURISM

Angola is betting on the Roller Hockey World Cup to bolster employment and tourism. The Southern African nation has spent $89 million building three pavilions in the capital, Luanda, and in the towns of Malange and Namibe and a further $17 million for the 41st staging of the tournament that runs from today to Sept. 28. Officials say the 16-nation event, the continent’s first, will boost employment and attract interest from the country’s youth (Bloomberg).

Mozambique Business News

In Mozambique on September 26, 2013 at 9:22 am

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NEWS

With approximately 13 months until the general elections scheduled for 15 October 2014, President Guebuza’s successor remains unknown; a fact that is raising diverse speculations; one being that Frelimo, with the majority power and under total command of Armando Guebuza, could change the constitution (of which a debate on a possible revision is currently underway) and the current president would remain for another term. In this analysis, allAfrica looks between the lines of the unknown to unravel the mystery that is causing many sectors to feel goosebumps.

BEST MOZAMBIQUE MUSIC & BOOKS

cantora

Check out our Atlantico Store, now with an interesting collection of books about Mozambique as well as music from the country, all available through Amazon. Browse our collection here.

Deon Meyer writes great thriller/action/crime stories set in post-apartheid South Africa, mainly in Cape Town. His realistic characters are fading police detectives, bodyguards or former hit men, each with his own problem (Rotterdam Week).

BUSINESS

The banking sector in Mozambique is less sophisticated and far smaller than in South Africa, because only one million people — out of a population of 23million — have a bank account. The potential growth in this market prompted Nedbank, South Africa’s fourth-largest bank, to jump at the chance of buying 36.4% of Banco Unico earlier this year. Banco Unico is the sixth-largest full-service bank in Mozambique. It was established just two years ago by the Portuguese investment company Group Americo Amorim Holdings and others (BusinessDay).

A building company which won the contract to build a prison in Chiure district, in the northern Mozambican province of Cabo Delgado, has abandoned the job after taking 13 million meticais (about 435,000 US dollars) from the government, allAfrica reported.

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INFRA

Work to rebuild 300 kilometres of National Road 6 between Beira and Machipanda in Mozambique, which links that city to Zimbabwe, is due to begin in February 2014,said the Mozambican Minister for Housing and Public Works, local press reported.

Exploration of heavy sands deposits in Sangage, in the Angiche district of Mozambique’s Nampula province, may lead to the re-opening this year of the Angoche shipping port, Portos e Caminhos de Ferros de Moçambique (CFM) announced.

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OIL & GAS

Seismic surveys carried out by Gelombang Seismic Indonesia (GSI) in the Buzi block for Mozambican state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH) have found traces of a possible natural gas reserve, said the administrator of the Búzi district (Sofala).

BRAZIL WEEKLY

Check out our sister publication Brazil Weekly, with editions appearing every Friday!

buzios

OPINION

A reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

SPLIT SECOND POLLS

Cape Verde Business News

In Cape Verde on September 19, 2013 at 9:46 am

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Are you planning on doing business in Cape Verde? Get there with

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NEWS

FIFA announced that it is punishing Cape Verde with the loss of the three points it earned in its win against Tunisia last week and which had put the Blue Sharks in the running for final round in the African World Cup playoffs. The reason for the sanction is Fernando Varela, who did not fulfill the four-game suspension he had been given for having been given a red card in the Cape Verde-Equatorial Guinea game in Malabo earlier this year (A Semana).

WHAT IS THE BEST RESTAURANT OF CAPE VERDE 2013?

Check out the results of Atlantico Weekly’s poll on the Best Restaurant of Cape Verde in 2013.

– INTERVIEW –

Atlantico Weekly recently spoke with Cape Verde’s Prime Minister José Maria Neves about Cape Verde’s business opportunities, development strategy, privatisations, new property tax law, international relations and much more in: Islands of Sun and Freedom in a Sea of Opportunities

– ENTREVISTA –

Atlantico Weekly falou com o Primeiro-Ministro de Cabo Verde, Dr José Maria Neves, sobre as opportunidades de negócios em Cabo Verde, a stratégia de desenvolvimento, mudanças na tributação, as privatisações, as relações internacionais e muito mais em: Ilhas de Sol e Liberdade num Mar de Oportunidades

BEST CAPE VERDE MUSIC & BOOKS

mayra

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!

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info and our range of other advertising and promotion offers!

ECONOMY

Cape Verde is the most competitive Portuguese-speaking African country, according to a list drawn up by the World Economic Forum in which Switzerland is ranked at number one overall, and by Mauritius, for Africa. Cape Verde remained in the same place as the previous year and was ranked 122nd out of 148 countries analysed by the WEF for the Global Competitiveness Index (GCI) 2013-2014, which ranked Portugal in 51st place and Brazil in 56th.

Cape Verde and the United States will conduct on September 30, in Boston, a business economic forum with the aim of promoting bilateral trade and investment. the Forum, which counts on the partnership of the Millennium Challenge Corporation (MCC), also aims to place Cape Verde as a business centre for West Africa for companies and investors.

WEST AFRICA: BRIGHT FUTURE?

Check out the interview with Jennifer Giroux, senior researcher for the Risk and Resilience Team at the Center for Security Studies (CSS), ETH Zurich, republished from Stratfor.

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!

FISHERIES

Fishing for sea cucumbers (Holothuroidea) in Cape Verde is due to be analysed his month as part of a meeting of the National Fishing Council, said the regional fishing director for Sao Vicente, Carlos Valdir, local 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 e a Ilha de Santo Antao

Angola Business News

In Angola on September 19, 2013 at 9:45 am

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info and our range of other advertising and promotion offers!

– INTERVIEW –

ANGOLA BEYOND OIL & GAS

Check out our first feature story about Angola, an interview with Maria Luisa Abrantes, Director of ANIP, Angola’s Investment Agency: Angola Beyond Oil & Gas

SUBSCRIBE!

You can subscribe to Atlantico Weekly here. It’s free! Atlantico Weekly is now also on Facebook. Be welcome to join our group! You can follow Atlantico Weekly on Twitter at atlanticoweekly. Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

SPLIT SECOND POLL

BUSINESS

Portugal’s biggest retailer Sonae plans to open five food hypermarkets in Angola in partnership with Isabel dos Santos, the daughter of the country’s president, with the first scheduled for 2015 (Reuters).

A four-star hotel unit has been inaugurated in the city of Lubango, the capital of the Angolan province of Huíla. The hotel, which is the second four-star unit in the region, is part of the Chick-Chick hotel chain of the Chicoil group, local press reported.

The Portuguese group Sumol+Compal signed an investment contract with Angola’s National Private Investment Agency (ANIP) to build a juice, nectar and soft drink production facility, the group announced.

PROJECT OF THE WEEK

jardins

Render of the Jardins da Restinga project for Lobito.

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!

ADVERTISEMENT

MEET OUR CONSULTANCY

Are you planning on doing business in Angola? Get there with

Atlantico Business Development

  • business diplomacy
  • economic intelligence
  • political risk assessment
  • market scans

more here.

THE RISE OF THE PACS

Meet three booming Portuguese-speaking African Countries.

maputobridge

The rise of the what? Another acronym, you say? Well, why not… In Portuguese the countries are called PALOPs, the Paises Africanos de Lingua Oficial Portuguesa (or African Countries with Portuguese as Official Language). So we call them PACs. Three PACs have become booming economies and nobody is stopping them: Cape Verde, Angola and Mozambique. Check it out.

SOUTH AFRICA

malema2

Julius Malema’s Economic Freedom Fighters have arrived. Will they succeed in capturing voters? Who will benefit from them? Check it out at Rotterdam Week.

OIL & GAS

Angola, Africa’s second-largest oil producer, will export 56 crude cargoes in November, two more than in October, a preliminary loading program obtained by Bloomberg News showed.

Mozambique Business News

In Mozambique on September 19, 2013 at 9:43 am

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NEWS

The international affairs institute, whose report on Mozambique will be published at month-end, thinks there might be a bilateral intervention by South Africa if things get too hot between Frelimo and Renamo (Businessday).

BEST MOZAMBIQUE MUSIC & BOOKS

cantora

Check out our Atlantico Store, now with an interesting collection of books about Mozambique as well as music from the country, all available through Amazon. Browse our collection here.

Deon Meyer writes great thriller/action/crime stories set in post-apartheid South Africa, mainly in Cape Town. His realistic characters are fading police detectives, bodyguards or former hit men, each with his own problem (Rotterdam Week).

ECONOMY

The Mozambican and British governments are formulating a “high level partnership” in areas such as oil and natural gas, agriculture and the financial sector, allAfrica reported.

BUSINESS

Clover of South Africa will embark on an African expansion plan that will see the dairy heavyweight develop facilities in Nigeria, Mozambique and Angola. The Economist Intelligence Unit predicts that by 2030‚ Africa’s top 18 cities could have a combined spending power of $1.3-trillion, making the continent’s fast-growing economies a target for companies. Along with retailers, consumer goods manufacturers such as Nestlé, Unilever and Mondelez are also growing their African businesses (BusiunessDay).

AGRI

Companhia do Sena plans to resume sugar production in the Luabo administrative district of Mozambique’s Zambezia province, as part of an investment plan with an estimated cost of US$300 million, local press reported.

The yield for maize production in Mozambique is 1 ton per hectare compared to an average of 4.9 tons per hectare for Southern African countries, according to an official from the Mozambican Agricultural Research Institute (IIAM).

Portuguese group Crédito Agrícola plans to start operating in the Mozambican market with a locally-based bank starting in 2014, local press reported.

SUBSCRIBE!

You can subscribe to Atlantico Weekly here. It’s free! Atlantico Weekly is now also on Facebook. Be welcome to join our group! You can follow Atlantico Weekly on Twitter at atlanticoweekly. Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

MEET OUR CONSULTANCY

Are you planning on doing business in Mozambique? Get there with

Atlantico Business Development

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  • market scans

more here.

MINING

Investment ear-marked for Mozambique by Brazilian mining group Vale is unchanged at US$8 billion and difficulties carrying coal away from the group’s projects have not affected it, said the director of Vale Moçambique, Ricardo Saad.

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AND GET HUGE DISCOUNTS

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info and our range of other advertising and promotion offers!

OIL & GAS

Mozambique plans to sign gas production contracts with Italy’s Eni and Houston-based Anadarko by July next year to make sure that first gas from its lucrative Rovuma basin can start flowing by 2018, Reuters reported.

Two oil terminals are due to be built in the city of Tete and the town of Palma, in Mozambique’s Cabo Delgado province, in order to supply fuel to large coal and natural gas projects, Mozambique’s Energy Minister announced to the press.

TOURISM

A tourist resort will be built on Sambanzoó beach, in Mozambique’s Sofala province, by the Transportes Carlos Mesquita (TCM) group. The resort is the first facility of its kind in the region and will be built in two stages at an estimated cost of US$2.5 million on a 10 hectare plot.

BRAZIL WEEKLY

Check out our sister publication Brazil Weekly, with editions appearing every Friday!

buzios

OPINION

A reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

Cape Verde Business News

In Cape Verde on September 12, 2013 at 10:51 am

MEET OUR CONSULTANCY

Are you planning on doing business in Cape Verde? Get there with

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NEWS

The European Parliament adopted two agreements between the European Union (EU) and Cape Verde, one to facilitate the issuance of short-stay visas and another one on readmission of persons residing without authorisation. The agreement on the issuance of visas aims to facilitate the travels of Cape Verdean citizens to the EU and the European citizens to Cape Verde, on the basis of reciprocity and shall apply to the issuing of visas for short-term stays, i.e. for a maximum of 90 days within 180 days.

Prime Minister José Maria Neves promised “zero tolerance” towards the criminal activities of organized armed groups that are operating in Cape Verde (Inforpress).

The cargo ship Rotterdam, with a crew of six aboard, has been missing on the high seas since 11:30 pm Sunday. The ship was supposed to have arrived in the port of Sal Rei, on the island of Boa Vista, at approximately 2:00 pm Monday. Maritime authorities have issued a call to all vessels traveling in Cape Verdean waters to help locate the ship (A Semana).

WHO WON BEST RESTAURANT OF CAPE VERDE 2013?

Check out the results of Atlantico Weekly’s poll on the Best Restaurant of Cape Verde in 2013.

– INTERVIEW –

Atlantico Weekly recently spoke with Cape Verde’s Prime Minister José Maria Neves about Cape Verde’s business opportunities, development strategy, privatisations, new property tax law, international relations and much more in: Islands of Sun and Freedom in a Sea of Opportunities

– ENTREVISTA –

Atlantico Weekly falou com o Primeiro-Ministro de Cabo Verde, Dr José Maria Neves, sobre as opportunidades de negócios em Cabo Verde, a stratégia de desenvolvimento, mudanças na tributação, as privatisações, as relações internacionais e muito mais em: Ilhas de Sol e Liberdade num Mar de Oportunidades

BEST CAPE VERDE MUSIC & BOOKS

manuelcandinho

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!

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info and our range of other advertising and promotion offers!

CULTURE

Where the heart is: Maria de Barros sings the music of Cape Verde. Maria de Barros has traveled the world, but her heart is in Cape Verde. Born in Senegal and raised in Mauritania and the United States, the singer appears at the Lensic Performing Arts Center on Thursday, Sept. 12 (Santa Fé New Mexican)

ECONOMY

The proposed law that outlines the new legal framework for micro and small companies in Cape Verde includes a new labour regime reducing holidays and compensation for being fired or contracts coming to an end, newspaper Expresso das Ilhas reported.

WEST AFRICA: BRIGHT FUTURE?

Check out the interview with Jennifer Giroux, senior researcher for the Risk and Resilience Team at the Center for Security Studies (CSS), ETH Zurich, republished from Stratfor.

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!

ADVERTISEMENT


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 e a Ilha de Santo Antao

DIASPORA

Oakgrove Cape Verdean Cultural Center staff members have announced the graduation of another class from its advanced Kriolu language program. State-certified Kriolu instructor Wandra Harmsen teaches the class, and staff members say she has a unique way of making the process of learning how to read and write in Kriolu not only interesting to the students, but she also imparts the confidence to them to converse in class (Wareham).

TOURISM

The School of Hospitality and Tourism in Cape Verde (EHTCV) will receive from October 1st over 250 new students in different courses, the Chairman of the Board of Directors, Cláudia Fernandes de Brito, announced. Already enrolled are a total of 550 candidates, and the school is now in the process of interviews and other tests to define the selected (Inforpress).

Angola Business News

In Angola on September 12, 2013 at 10:51 am

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

Contact us for more info and our range of other advertising and promotion offers!

NEWS

Tourists from Angola spent the most money in Portugal through the tax free system in the first half of this year, according to company Global Blue, the Portuguese press reported.

– INTERVIEW –

ANGOLA BEYOND OIL & GAS

maria luisa abrantes

Check out our first feature story about Angola, an interview with Maria Luisa Abrantes, Director of ANIP, Angola’s Investment Agency: Angola Beyond Oil & Gas

SUBSCRIBE!

You can subscribe to Atlantico Weekly here. It’s free! Atlantico Weekly is now also on Facebook. Be welcome to join our group! You can follow Atlantico Weekly on Twitter at atlanticoweekly. Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

ECONOMY

Salaries in Angola range between 10,000 kwanzas (US$104) and 3 million kwanzas (US$31,100) per month, according to a government study sent to Angola’s Catholic University and cited by Angolan weekly newspaper Expansão.

PROJECT OF THE WEEK

vistaclubluandatowers

Render of the Vista Club Luanda Towers, currently under construction.

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!

AVIATION

The airport in the city of Namibe, in southern Angola, started operating again last Friday, local press reported.

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THE RISE OF THE PACS

Meet three booming Portuguese-speaking African Countries.

maputobridge

The rise of the what? Another acronym, you say? Well, why not… In Portuguese the countries are called PALOPs, the Paises Africanos de Lingua Oficial Portuguesa (or African Countries with Portuguese as Official Language). So we call them PACs. Three PACs have become booming economies and nobody is stopping them: Cape Verde, Angola and Mozambique. Check it out.

SOUTH AFRICA

malema2

Julius Malema’s Economic Freedom Fighters have arrived. Will they succeed in capturing voters? Who will benefit from them? Check it out at Rotterdam Week.

OIL & GAS

Marathon Oil Corp said it plans to sell its stake in an oil and gas field offshore Angola for about $590 million as part of an asset disposal program aimed at shoring up its balance sheet and funding exploration and development projects. The company also said it would acquire about 4,800 net acres in the Eagle Ford shale field in Texas for $97 million (Reuters).

Mozambique Business News

In Mozambique on September 12, 2013 at 10:49 am

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BEST MOZAMBIQUE MUSIC & BOOKS

cantora

Check out our Atlantico Store, now with an interesting collection of books about Mozambique as well as music from the country, all available through Amazon. Browse our collection here.

Deon Meyer writes great thriller/action/crime stories set in post-apartheid South Africa, mainly in Cape Town. His realistic characters are fading police detectives, bodyguards or former hit men, each with his own problem (Rotterdam Week).

ECONOMY

Mozambique’s government agency Ematum has priced a USD500m seven-year amortising bond at the final yield of 8.50%, according to one of the lead managers. The note, which carries a coupon of 6.305% and has a weighted average life of four-and-a-half years, priced at a reoffer price of 92.051 (Reuters).

Mozambique’s central bank maintained its benchmark interest rate as inflation decelerated. The permanent lending facility was kept at 8.75 percent, the lowest since December 2008 when the rate was introduced, the Maputo-based Banco de Mocambique said (Bloomberg).

BUSINESS

The closure of five Shoprite stores in Mozambique stemmed from the dismissal of an employee weeks ago, the South African supermarket group said. “The (Shoprite) group believes recent inspections and the current closure of five stores stem from a personnel dismissal some weeks ago after a member of management was caught selling expired margarine through the back door,” the company said in a statement. The Mozambican government’s National Inspectorate of Economic Activities closed down the stores in Maputo, Boane and Chimoio for selling old food (BusinessDay).

INFRA

A new dock is due to be built in the port of Beira, in Mozambique’s Sofala province, as part of investments scheduled to increase the port’s cargo processing capacity, said the chief executive of Cornelder de Moçambique, local press reported.

The cargo handled at the port of Nacala, in the Mozambican province of Nampula, is expected to total 1.5 million tons this year, after totalling 1.3 million tons in 2012, according to figures published in Maputo by the port’s management company Portos do Norte.

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MINING

Rio Tinto is one of several mining companies that have hit steep hurdles in their forays into the African nation: Brazil’s Vale has also found it tough going. Attitudes towards Mozambique are now more realistic after a period of exuberance when the government issued more than 120 exploration licences (FT).

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OIL & GAS

Anadarko is talking to buyers about supplies of gas from its planned project off the coast of Mozambique, where some of the world’s biggest reserves lie untapped amid rising demand in Asia for the liquefied form of the fuel. “We believe we will be announcing heads of agreements through the course of this year and next,” Anadarko CEO Al Walker told an LNG conference in Tokyo on Tuesday, referring to initial supply contracts (Reuters).

China Africa Sunlight Energy is looking at the possibility of pumping gas to the port city of Beira in neighboring Mozambique, using an idle pipeline that the National Oil Co. of Zimbabwe once used to bring fuel into the country, Bloomberg reported.

Distribution of natural gas in the city of Maputo and in Marracuene is due to begin by May 2014 and priority will be given to large consumers, such as hospitals, hotels and shopping centres, the Energy Minister said to the press.

The chief executive of South African petrochemical group Sasol, David Constable, said Monday in Johannesburg that natural gas prospecting in Mozambique was being “closely followed.” The South African group, which is already involved in extracting natural gas in Inhambane province, “is analysing with other entities the way of helping transform the natural gas fields in the Rovuma basin, in northern Mozambique”, press reported.

BRAZIL WEEKLY

Check out our sister publication Brazil Weekly, with editions appearing every Friday!

buzios

OPINION

A reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?

Cape Verde Business News

In Cape Verde on September 5, 2013 at 11:07 am

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NEWS

The Pedro Pires Leadership Institute will be officially presented this Friday, August 30, in Praia. The organization’s main objective is to train young leaders and contribute to the consolidation of Cape Verde’s development process (A Semana).

Businessman Emanuel Spencer was found dead in his home in Praia this weekend. While the Cape Verde press is full of speculations about the circumstances of his death, we will await the results of the police inquiries before commenting.

WHO WON BEST RESTAURANT OF CAPE VERDE 2013?

Check out the results of Atlantico Weekly’s poll on the Best Restaurant of Cape Verde in 2013.

– INTERVIEW –

Atlantico Weekly recently spoke with Cape Verde’s Prime Minister José Maria Neves about Cape Verde’s business opportunities, development strategy, privatisations, new property tax law, international relations and much more in: Islands of Sun and Freedom in a Sea of Opportunities

– ENTREVISTA –

Atlantico Weekly falou com o Primeiro-Ministro de Cabo Verde, Dr José Maria Neves, sobre as opportunidades de negócios em Cabo Verde, a stratégia de desenvolvimento, mudanças na tributação, as privatisações, as relações internacionais e muito mais em: Ilhas de Sol e Liberdade num Mar de Oportunidades

BEST CAPE VERDE MUSIC & BOOKS

mayra

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!

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ECONOMY

The second edition of the trade fair of sea-related economic activities, Expomar Cabo Verde, will take place for the second time in the city of Mindelo, on the island of São Vicente, between October 25 and 27. This year, the fair will take on an international dimension with participants from Spain and Portugal (A Semana).

The Ministry of Rural Development says that, despite the late arrival of rains this year, prospects for this year’s harvest are good.

Cape Verde’s mobile telephone service posted growth of 9.6 percent year on year in the first half of 2013 with over 457,000 subscribers in a country with a population of 505,000, according to figures from the National Communications Agency (ANAC).

AVIATION

The rain that fell on the nation’s capital on Sunday may have brought joy to many Praia residents, but not to the passengers with flights scheduled for this morning at Praia’s Nelson Mandela International Airport. The airport’s drainage system failed to withstand the force of the rainfall, and the airport terminal completely flooded. Airport operations were in utter chaos, A Semana 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!

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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 e a Ilha de Santo Antao

SAL

The Directorate General of the Environment is against holding this year’s edition of the Santa Maria music festivals on Ponta Preta beach, which is located inside the Ponta do Sinó nature reserve, a part of Cape Verde’s National Network of Protected Areas. The ruling has been signed by the director general of the Environment, Moisés Espírito Santo Borges, A Semana reported.

The Safe Tourism project that began to be implemented on the island of Sal in 2011 has been a success. According to a National Police report, so far this year not a single case of robberies or muggings of tourists has been registered on the island’s beaches or desert areas. The number of cases of thefts in hotels and closed condominiums, however, has risen, A Semana reported.

TOURISM

The number of tourist in Cape Verde declined by 3% in the second trimester of 2013, comapred to the same period last year. However, hotel nights went up by 3,6% in the same period. The United Kingdom was the biggest supplier of tourists. Boa Vista Island took the biggest slice with 48,4% of all hotel nights spent by foreign tourists.

Angola Business News

In Angola on September 5, 2013 at 11:05 am

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NEWS

Thousands of Angolan refugees could be expelled from South Africa in the next few weeks as the government ends refugee status related to the Angolan civil war. Deputy Home Affairs Minister Fatima Chohan said that Angolan refugees needed to come forward to update their refugee status before Saturday last week (BusinessDay).

– INTERVIEW –

ANGOLA BEYOND OIL & GAS

maria luisa abrantes

Check out our first feature story about Angola, an interview with Maria Luisa Abrantes, Director of ANIP, Angola’s Investment Agency: Angola Beyond Oil & Gas

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ECONOMY

The central bank of Angola cut its benchmark interest rate as inflation eased. The key lending rate was lowered to 9.75 percent from 10 percent, the first reduction in seven months by the Luanda-based Banco Nacional de Angola (Bloomberg).

PROJECT OF THE WEEK

loandatowers

Render of the twin Loanda Towers for Luanda.

BUSINESS

The two Kentucky Fried Chicken (KFC) restaurants in Angola owned by Portuguese group Ibersol, posted turnover of 3.3 million euros in the first half of the year, which was as much as the 18 KFC restaurants the group has in Portugal, the compnay reported.

Countries such as Thailand, Belgium, China, South Africa and the United States are gaining ground in Angola’s imports to the detriment of countries such as Portugal and Brazil, according to a report from sea transport company Maersk Line about the first half of the year.

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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Are you planning on doing business in Angola? Get there with

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THE RISE OF THE PACS

Meet three booming Portuguese-speaking African Countries.

maputobridge

The rise of the what? Another acronym, you say? Well, why not… In Portuguese the countries are called PALOPs, the Paises Africanos de Lingua Oficial Portuguesa (or African Countries with Portuguese as Official Language). So we call them PACs. Three PACs have become booming economies and nobody is stopping them: Cape Verde, Angola and Mozambique. Check it out.

OIL & GAS

Angola’s former Petroleum Minister Albina Faria de Assis Pereira Africano urged the nation to study cutting the size of oil blocks to generate more tax revenue. The country should also bring in an oil supervisory body that doesn’t operate fields itself, according to Africano, who was the first chairman of state oil company Sonangol in 1991 to 1992 and now advises President Jose Eduardo dos Santos (Bloomberg).

Oil production in Angola totalled 160.1 million barrels in the second quarter of the year, according to the government’s Activities Report for that three-month period. Angola’s oil production this year stands at around 1.75 million barrels per day, on average, and reserves are estimated at 12.7 billion barrels.

Mozambique Business News

In Mozambique on September 5, 2013 at 11:03 am

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NEWS

The social and environmental impact studies for the project to build the second phase of the Cahora Bassa dam will be concluded by the end of the year, said the manager for the technical area of the Cahora Bassa Hydroelectric Dam (HCB).

BEST MOZAMBIQUE MUSIC & BOOKS

cantora

Check out our Atlantico Store, now with an interesting collection of books about Mozambique as well as music from the country, all available through Amazon. Browse our collection here.

Deon Meyer writes great thriller/action/crime stories set in post-apartheid South Africa, mainly in Cape Town. His realistic characters are fading police detectives, bodyguards or former hit men, each with his own problem (Rotterdam Week).

ECONOMY

Mozambique government agency Ematum has set initial yield guidance of low- to mid-8% on its upcoming issue of a seven-year US dollar-denominate bond, according to one of the lead managers (Reuters).

BUSINESS

Diversified transport and infrastructure group Grindrod will invest R1.1bn in capital expenditure in the second half of this financial year, CEO Alan Olivier said after the group recorded strong performances in its shipping, freight services and banking divisions for the six months to end-June. The largest investment, about R368m, will be in ports and terminals — more specifically at Matola terminal in Maputo, where Grindrod exports large volumes of coal and manganese from South Africa, BusinessDay reported.

SUBSCRIBE!

You can subscribe to Atlantico Weekly here. It’s free! Atlantico Weekly is now also on Facebook. Be welcome to join our group! You can follow Atlantico Weekly on Twitter at atlanticoweekly. Also be welcome to join our Atlantico Weekly networking and discussion group on Linkedin.

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MINING

Indian company Jindal is the latest company to become embroiled in a mining resettlement scandal in Mozambique that threatens to trip up the booming coal sector. Just days before the inauguration of the mine, anger at the company’s failure to relocate 2,500 nearby residents boiled over into conflict. Irate locals — most of whom survive on subsistence farming — attacked four Jindal employees, according to local environmental group Justica Ambiental (JA), BusinessDay reported.

Ncondezi Coal Company Mozambique, a subsidiary of British group Ncondezi Energy, has been granted a mining concession in Mozambique for its integrated coal mining and thermal power plant project, the group said in a statement published this week.

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

Atlantico Weekly now offers huge discounts to companies wishing to promote their business on our website.

Rates for ads with picture, link and a bit of text in one of the three columns on our front page now start at only 499 Euros for a 26 weekly edition period or only 999 Euros for a 52 weekly edition period (excluding taxes and money transfer costs).

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OIL & GAS

Sales by foreign companies of assets in Mozambique will be taxed at a fixed rate of 32 percent from next year, a tax official said, as the government tries to extract more benefits from its huge gas discoveries (Reuters).

Eni said it had made a new gas discovery at its giant Mozambique field, opening up new acreage at what is the Italian oil and gas group’s biggest ever gas discovery. State-controlled Eni owns a majority stake of Area 4 in Mozambique’s Rovuma basin, one of the planet’s biggest untapped gas resources. In April Eni said gas discoveries at its Mozambique fields contained around 80 trillion cubic feet (Reuters).

Eni could sell another 10 percent of its stake in its Mozambique gas field, the Financial Times said on Wednesday, citing the group’s chief executive Paolo Scaroni. “If some buyer of gas shows interest … we’re ready to sell another 10 percent,” Scaroni told the newspaper. But Scaroni said there were no immediate plans to sell down its 50 percent stake in gas-rich Area 4 (Reuters).

Aggreko, a London-listed provider of temporary power generation, along with South African project partner the Shanduka Group and the Southern African Power Pool (Sapp), has expanded output at its gas-fired power plant at Ressano Garcia, on the Mozambique-South Africa border, to 232MW. In March, the firm signed agreements with Mozambique national power utility Electricidade de Moçambique (EDM) and Namibia’s utility NamPower to supply an extra 122MW from the site. This helps alleviate a “critical shortage of energy” in the Southern African Development Community (Sadc) (BusinessDay).

The Búzio-1 test well drilled by Norway’s Statoil in Area 2 of the Rovuma basin in northern Mozambique, has been closed as no trace of hydrocarbons was found, British company Tullow oil said.

BRAZIL WEEKLY

Check out our sister publication Brazil Weekly, with editions appearing every Friday!

buzios

OPINION

A reaction to a recent piece in The Economist: Can Brazil Conquer Africa’s Booming Markets?