News from Cape Verde, Angola & Mozambique

Archive for October, 2013|Monthly archive page

Cape Verde Business News

In Cape Verde on October 24, 2013 at 6:42 pm

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NEWS

The United Kingdom’s National Crime Agency will donate four semi-rigid boats to Cape Verde – two intended for the Coast Guard and two for the Maritime Police. The donation represents an important reinforcement in the maritime patrolling means at the disposal of Cape Verdean authorities (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).

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

ECONOMY

The rate of economic growth in Cape Verde continued to slow in the third quarter of this year, posting the lowest rate in the last 36 consecutive quarters – or nine years – the West African archipelago’s National Statistics Institute said.

The homologous variation rate registered by the Consumer Price Index measured by the National Statistics Institute (INE) in September was 1.1%, a 0.2 percentage point decrease over the August rate. Monthly variation between August and September was 0.4%, while the average inflation rate for the past twelve months was 2.5%, 0.1% lower than the previous month (A Semana).

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!

SANTIAGO

Minister of Tourism, Industry and Energy Humberto Brito said that by early 2014, water and electricity utility company Electra will have the capacity to provide running water 24 hours a day to the city of Praia. According to Brito, the government is preparing the water conduit pumping system to ensure quality water is provided to the city’s higher-altitude zones, which still suffer from problems related to the water distribution network (A Semana). The Cape Verdean government has secured a loan from Japan of US$165 million to install a single water distribution network on the island of Santiago, the minister said.

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

SPLIT SECOND POLLS

Angola Business News

In Angola on October 24, 2013 at 6:41 pm

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NEWS

Angola may scrap a planned strategic partnership with Portugal in favour of closer ties to China and other emerging powers if Lisbon does not show greater respect for the oil-rich African nation, Angola’s foreign minister warned (Reuters).

A group of Congolese soldiers who were seized last week by Angolan troops when they entered the Congo Republic have been freed, a senior local government official in Congo said. A detachment of Angolan troops crossed into neighbouring Congo from Angola’s oil-rich enclave of Cabinda and took up positions in several locations in Congo’s Kimongo district, Congolese sources said (Reuters).

– 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

ECONOMY

Angola’s state budget proposal for 2014 includes expenditure of 7.2 trillion kwanzas (US$74.159 billion), the country’s Finance Minister, Armando Manuel said. The minister also said that the macro-economic scenario on which the state budget is based points to Gross Domestic Product (GDP) growth of 8.8 percent, which will be driven by a high rise in non-oil production, local press reported.

ROTTERDAM WEEK

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ROTTERDAM WEEK

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BUSINESS

Angola’s banking sector is set to post a second consecutive profit slump in 2013 hit by lower rates and surging bad loans, global audit firm KPMG said, adding that the banks must diversify their products and client base to boost income (Reuters).

Banco BIC, Angola’s biggest private bank by number of branches, could make a bid for an insurer in Portugal after buying a local lender in the southern European country last year. “In Portugal, it is possible that we’ll make an offer for a small insurance company,” CEO Fernando Teles said (BusinessDay).

MINING

Tecmad Mining Services SARL is drilling at its Camutue diamond mine in the northeast of Angola, the world’s fourth-largest diamond producer, to test the feasibility of expansion, Site Director Colyn Purdon said. The kimberlite mine at Lucapa in Lunda Norte province, 825 kilometers (513 miles) east of Luanda, the capital, produces about 12,000 carats a month from more than 50,000 cubic meters of ore, Purdon said in an interview at the mine Oct. 13. The 13-hectare (32-acre) open pit is 45 meters (148 feet) deep with initial plans to extend to 115 meters while core samples are being taken to a depth of 150 meters to determine future viability, Purdon said (Bloomberg).

Angola’s century-old diamond industry has “huge” potential for growth, but to tap it the country needs to develop transport links and services for mining companies, and make geological data more accessible, according to a new study. Angola is the world’s fourth-largest diamond producer by value, and sixth by volume, and the government is keen to boost a sector where few companies are currently drilling (BusinessDay).

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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more here.

OIL & GAS

Angolan state oil firm Sonangol plans to open its fourth international trading office in China, the country’s top crude export destination, Chief Executive Francisco Lemos Jose Maria said (Reuters).

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.

The IMF has urged South Africa to reform its economy (Rotterdam Week).

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).

Mozambique Business News

In Mozambique on October 24, 2013 at 6:39 pm

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NEWS

Mozambique’s opposition leader Afonso Dhlakama, who is fleeing government forces in a remote jungle region, may have also exiled himself to the political wilderness by abandoning a 1992 peace pact that ended the country’s civil war. His Renamo former rebel group, which embraced multi-party politics after the deal, said on Monday it was annulling the accord with the government after the army overran Dhlakama’s base in the Gorongosa forest of central Sofala province (Reuters).

Mozambican army clashes with former rebels may disrupt coal shipments and public transportation without heralding a return to civil war, said analysts such as Alex Vine, head of the African program at Chatham House (Bloomberg).

Mozambique will hire ex-military personnel to set up a force to combat the poaching of rhinoceroses and elephants in both its own conservation areas and those of neighboring South Africa, the Joaquim Chissano Foundation said (Bloomberg).

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.

PROJECT OF THE WEEK

caracol

Render of the Caracol project for Maputo.

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INFRA

Traffic at the port of Maputo rose almost four-fold between 2003 and 2012, but the facility and its associated transport corridor still have potential to grow, the Economist Intelligence Unit (EIU) reported. In a recent report on Mozambique, the EIU said that “a lot of progress was made” in setting up conditions to increase goods traffic at the port, which resulted in growth of 275 percent between 2003 and 2012, to 15 million tons of cargo per year, which even so is less than the record of 17 million tons per year in 1971.

Repair and refurbishment work on the Sena railroad in Mozambique, intended to increase its cargo capacity from 6.5 million tons a year to 20 million tons, began this week according to Mozambican daily newspaper Notícias.

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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).

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OIL & GAS

Indonesian company PT Energi Mega Persada Tbk. (Enrg) has acquired a 75 percent stake in the exploration, production and concession contract (EPCC) for oil and gas in the Buzi block, in partnership with Mozambican state company Empresa Nacional de Hidrocarbonetos (ENH), which will own the remaining 25 percent.

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.

INTERCULTURAL COMMUNICATION?

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Or should you just be yourself? Read the column at Rotterdam Week.

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 October 17, 2013 at 11:19 am

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NEWS

His Excellency Pedro Pires, former President of Cape Verde, has accepted his designation as UNCCD Drylands Ambassador. “Sustainable Land Management, particularly the fight against desertification, land degradation and drought are major priorities for Africa,” Pires said in his acceptance message, noting further that the mission of the UNCCD secretariat “is a source of hope for a large number of countries with regard to the support needed to put in place an effective and successful programme of action.”
Mr Pires expresses specific interest in promoting sustainable land management, particularly in the context of the global post-2015 Development Agenda (UNCCD).

Cape Verde has dropped to third place in the Ibrahim index of African Governance from 2012, which assesses factors such as education, health, security, human rights, development and economy of 52 countries. The archipelago totaled 76.7 points out of 100, against 77.2 in 2012, confirming a downward trend from the previous year in the assessment, made by the Foundation since 2006. The second place was taken by Botswana (77.6 points), while at the top of the list stands Mauritius, a country awarded with the same 82.9 points as last year.

Brazilian Minister of Defense Celso Amorim will make an official visit to Cape Verde in November, according to Cape Verdean Minister of National Defense, Jorge Tolentino, who explained that the occasion will be used to officially unveil Cape Verde’s naval mission and lend new impetus to cooperation between the two countries (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

The Cape Verde government launched the agribusiness awards with the aim of promoting innovation and entrepreneurship in the agribusiness sector in Cape Verde, the Minister of Rural Development, Eva Ortet, announced. The awards, sponsored by the ministries of Rural Development and Youth Employment and Development of Human Resources, comprise three categories, namely innovative projects in the field of agribusiness, young farmers and enterprising women.

Preliminary data of the 4th Business Census presented by the National Institute of Statistics (INE) indicate that the number of companies in Cape Verde increased from 8,716 in 2007 to 9,736, in 2012.

A forecast included in the proposed state budget law indicates that Cape Verde’s public debt should reach 98 percent of gross domestic product in 2014, reports the Cape Verdean press.

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!

BOA VISTA

The Ministry of Infrastructures and the Maritime Economy signed a contract this week for the construction of a new bridge over the Ribeira d’Água, on the island of Boa Vista. The previous bridge was washed away after heavy rains. The construction of the new bridge was awarded to construction company Monte Adriano. The project will cost 370 million escudos, an amount partially financed by a 17 million-escudo donation from the Economic Community of West African States (ECOWAS).

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

SPLIT SECOND POLL

Angola Business News

In Angola on October 17, 2013 at 11:18 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

President Jose Eduardo Dos Santos said on Tuesday relations with Portugal were unhealthy, reflecting tensions in a planned “strategic partnership” between Africa’s number two oil producer and its former colonial ruler (Reuters).

– 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

ECONOMY

Angola’s economy is this year expected to grow by 5.1 percent, which is less than the previous 7.1 percent forecast, President José Eduardo dos Santos said Tuesday in Luanda in his State of the Nation speech.

Railway companies from Democratic Republic of Congo and Angola will meet to discuss linkages that would allow Congo’s mine operators to ship copper to the port of Lobito in the neighboring African country. Societe Nationale des Chemins de Fer du Congo and Caminhos de Ferro de Benguela EP will decide on a technical and operational plan so that Congo can link to the newly rehabilitated Benguela line in Angola, said Patricia Nzondjou Nzeale, director of finance and investment at the state-owned company known as SNCC (Bloomberg).

ROTTERDAM WEEK

terminal

Check out our new Publication

ROTTERDAM WEEK

Brains & Brawn from a Virtual City State!

Un-Dutch Reporting

on

Political Risks & Business Opportunities

in the Americas, Europe & Southern Africa!

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.

BUSINESS

Centrica Plc and world’s biggest distiller Diageo Plc are among British companies that may start operations in Angola as it seeks to rebuild and ease its dependence on oil, according to a U.K. trade mission. The U.K.’s biggest-ever business delegation to Angola visited the southwest African country, the U.K.’s third-largest export market in sub-Saharan Africa, from Oct. 7 to 10. The two countries signed an agreement in June to improve trade as Angola, which produces the most crude in Africa after Nigeria, seeks to diversify away from oil (Bloomberg).

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
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  • market scans

more here.

OIL & GAS

Angola is imposing a consumption tax on petroleum companies that will raise some costs by as much as 10 percent, according to government documents. The law, which comes into effect with its publication that may happen as early as today, requires companies to follow a tax schedule that adds five percent to most services and supplies and double that for equipment rentals, a presidential decree showed (Bloomberg).

Angola’s new liquefied natural gas (LNG) plant exported its fifth ever cargo aboard the Soyo tanker, according to trade sources and AIS Live ship-tracking data on Reuters. The 160,000 cubic metre capacity Soyo has left the liquefaction plant after loading up its tanks with LNG and is currently travelling at a speed of 11.6 knots away form the facility, shipping data shows. Its destination is as yet unknown, and it was not immediately clear if the cargo has already been sold.

BP offered an Angolan Pazflor cargo for Nov. 4 to Nov. 5 at a discount of $2.40 a barrel to Dated Brent, the Platts survey showed. Angola crude shipments will total 53.54 million barrels, or 1.73 million barrels a day, the plan showed. That compares with 50.88 million, or 1.7 million a day, in November. Most consignments are of 950,000 to 1 million barrels (Bloomberg).

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.

The IMF has urged South Africa to reform its economy (Rotterdam Week).

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).

Mozambique Business News

In Mozambique on October 17, 2013 at 11:14 am

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NEWS

India may soon be linked by direct flights to Mozambique after a civil aviation contract is signed by the two countries, said Mozambique’s ambassador to India, José Maria Morais. At an India-Mozambique business meeting organised by the Federation of Indian Chambers of Commerce and Industry, the ambassador said that as soon as Mozambican airline Linhas Aéreas de Moçambique (LAM) decides which Indian city it wants to fly to, the agreement will be signed, local press reported.

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.

PROJECT OF THE WEEK

platinum

Render of the Platinum building for Maputo, currentlly under construction.

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.

INFRA

BP’s oil terminal at the Mozambican port of Beira needs investments to be made in it in order to respond to growing demand in central Mozambique and from neighbouring Zimbabwe and Malawi, said the managing director of BP Mozambique.

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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!

MINING

Irish-based miner Kenmare Resources said it would sell new shares to raise 66.33 million pounds ($105.82 million) in short term liquidity after weak pricing for minerals and lower production caused a funding squeeze. Kenmare, which mines ilmenite and zircon from its Moma mine in Mozambique, said it would place 250.3 million new ordinary shares, representing 9.89 percent of its existing share capital, at a price of 26.5 pence per share (Reuters).

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.

INTERCULTURAL COMMUNICATION?

avatar

Or should you just be yourself? Read the column at Rotterdam Week.

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 October 10, 2013 at 10:24 am

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MEET OUR CONSULTANCY

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

Atlantico Business Development

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NEWS

Colonel Abailardo Amado passed away Tuesday, October 8, in the United States of America, following a lengthy illness. Amado embarked on a military career at a very young age, having served various different functions in Cape Verde’s Armed Forces. Amado served as a Praia municipal councilman and was responsible for the area of security, civil protection and citizenship when he was diagnosed with the disease that would later claim his life.

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

morabezacat

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

The nation’s budget for 2014 may symbolize a new stage in the country’s economic policy initiated in 2006, the focusing on the deficit which is scheduled at 7.4 percent, the Minister of Finance and Planning said. Cristina Duarte, who spoke after the delivery of the draft budget to Parliament, reported that, in terms of total revenue, 44.6 billion escudos are programmed, the running costs will be 35.5 billion escudos and investments will be at 22.3 billion escudos (Inforpress).

The amount of remittances sent to Cape Verde by Cape Verdean émigrés living abroad has grown for the second month in a row, having reached 1.353 billion escudos in July, according to provisional data from the Bank of Cape Verde. The countries from which the most expressive remittances were sent are Portugal and France, with 458,000,000 and 332,500,000 escudos, respectively (A Semana).

Workers from Caixa Económica of Cabo Verde (CECV) are considering go on strike on October 17 and 18 to claim wage increase and a productivity bonus, local press reported.

The Cape Verdean pharmaceutical company Inpharma has as one of the main challenges the conquest of the “emerging market of Equatorial Guinea”  by the end of 2015, local press reported.

The Minister of Rural Development, Eva Ortet said that despite the damages caused by rain on crops in some parts of the country everything points to a good agricultural year.

All petroleum-derived products sold in Cape Verde, with the exception of gasoline, are slightly more expensive, following a price adjustment that went into effect at midnight Monday. Butane gas saw the most significant price increase, and is now being sold at 155.20 escudos per kilogram (A Semana).

The Cape Verdean government, as of January of next year, will offer a One-Stop Office to approve foreign direct investment (FDI) projects and decision will be made within a maximum of 45 days, the chairman of Cabo Verde Investimentos said in Boston.

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

Since October 7, Cesária Évora International Airport on the island of São Vicente welcomes direct charter flights from Amsterdam, in the Netherlands. Tickets on the flight, which is operated by low-cost airline Transavia, a part of the Air France-KLM group, cost 22,500 escudos (approximately 200 Euros). The new flight is expected to bring advantages to the sizable Cape Verdean community in the Netherlands as well as to Mindelo residents, who will now be able to fly to Holland at low cost (A Semana).

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

SPLIT SECOND POLL

Angola Business News

In Angola on October 10, 2013 at 10:23 am

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NEWS

The Angolan government has accelerated the razing of slums since the removals began in 2001, after rural people sought refuge during a 27-year civil war. It’s moving residents to the Zango development zone, constructed by Brazil’s Odebrecht SA about 40 kilometers (25 miles) inland. By doing so it’s also helping meet demand for prime real estate as the middle class in Africa’s second-largest crude oil producer expands. Mercer ranks the city as the world’s most expensive for expatriates (Bloomberg).

– 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

ECONOMY

Namibia and Angola are facing an uphill battle regarding bottlenecks hindering smooth trade between the two neighboring countries. The Namibia Chamber of Commerce and Industry (NCCI) is highly concerned about many obstacles hampering economic co-operation between the two countries. Some of them are irreversibly in place for the benefits of one country, but at the same time negatively affecting the other (Informante).

ROTTERDAM WEEK

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BUSINESS

A Belgian delegation counting more than 200 entrepreneurs arrives in Luanda later in October with the aim of furthering current business relations and to establish partnerships with public and private companies. The business mission’s programme included participation in an economic and trade forum organised by the Belgium-Luxembourg/Africa, Caribbean and Pacific Chamber, local press reported.

PROJECT OF THE WEEK

quintadarosalinda

Render of the Quinta da Rosa Linda for Luanda.

BANKING

Angolan bank Banco Sol plans to begin its internationalisation by opening branches in other Southern African Development Community (SADC) nations. Namibia and Mozambique would be the first countries the bank would move into, local press reported.

Britain’s Standard Chartered Bank has been granted a license to operate in Angola and the local bank will be called Standard Chartered Bank Angola, local press reported.

Portuguese financial group Espírito Santo plans to increase the capital of Angolan bank Banco Espírito Santo Angola (BESA) to US$500 million, the chief executive of BES, Ricardo Salgado said.

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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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.

The IMF has urged South Africa to reform its economy (Rotterdam Week).

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).

Mozambique Business News

In Mozambique on October 10, 2013 at 10:20 am

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NEWS

Mozambique’s main opposition party, Renamo, has stated that it will refuse to take part in further dialogue with the government unless national facilitators and international observers are present. Speaking to the press shortly after the end of the 23rd round of dialogue between the two sides, the head of the Renamo delegation, parliamentarian Saimone Macuiana, argued that these are needed to overcome the current political impasse. After several months of dialogue, the talks have not progressed beyond the first item on the agenda, which is about the country’s electoral legislation (AllAfrica).

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.

BUSINESS

Israel’s Mer Group has been awarded a turnkey contract to supply telecommunications towers for two of the three mobile phone operators in Mozambique, local press reported.

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INFRA

A train carrying 1,050 tons of inorganic fertilizers has left the port of Beira in central Mozambique, headed for Lusaka, the capital of Zambia, along the Machipanda railroad, local press reported.

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MINING

Midwest Africa and the Rio Tinto group plan to invest over US$4.7 billion in coal mining in Tete province, local press reported. Midwest Africa Ltd, an Indian-owned company based in Mauritius, has plans to invest US$1.416 billion in Ncondezi whilst Anglo-Australian group Rio Tinto will invest US$3.3 billion in its “Zambeze” project.

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.

INTERCULTURAL COMMUNICATION?

avatar

Or should you just be yourself? Read the column at Rotterdam Week.

OIL & GAS

Eight foreign companies have presented proposals to the Mozambican government to build two natural gas refineries in the Rovuma basin, said Mozambican oil and gas company Empresa Nacional de Hidrocarbonetos (ENH), which manages the States’ mining resources stakes.

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 October 3, 2013 at 10:03 am

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NEWS

FIFA has announced that it rejected the appeal filed by Cape Verde following the 3-0 loss to Tunisia decreed by the world soccer governing body’s Disciplinary Committee. The entity thus upholds the initial decision, which takes Cape Verde out of the final eliminatory round for the 2014 World Cup in Brazil. Cape Verdean Soccer Federation lawyer João Diogo Manteigas, however, had already said that if FIFA rejected the appeal, he would make a final appeal to the Court of Arbitration for Sport (A Semana).

The Canary Islands Tributary Agency on Monday, September 23 presented a vessel intercepted on the high seas with 450 kilograms of cocaine on board. Police suspect that the boat was headed for Cape Verde, where, it is believed, it was to transfer the drugs to another vessel. Six individuals were arrested (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!

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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

Economic activity in Cape Verde slowed in the first half of 2013, the island country’s central bank reported in its June financial stability bulletin. In the bulletin’s executive summary the Bank of Cape Verde indicates that the unfavourable progression of economic activity affected the private sector’s financial position and increased risk affecting the country’s financial stability.

Nevertheless, the level of confidence in the economy is “comfortable”, and the demand for the national currency is rising between 8 and 9%, despite the adverse international context and its impact on Cape Verdean economy, the Governor of the Bank of Cape Verde (BCV), Carlos Burgo, stated.

Cape Verde’s telecommunications regulator has announced that new, lower tariffs for radiocommunication services have entered into force, which should reduce prices for consumers (Telecompaper).

The President of the Chamber of Commerce, Industry and Services of Sotavento (CCISS), Jorge Spencer Lima, proposed the creation of an International Events Centre for Praia, to attract high-level international meetings. The proposal has been submitted to Prime Minister José Maria Neves, during a hearing requested by the new leadership of the CCISS, that wanted to get introduced to the head of Government and at the same time introduce new projects and discuss details of others underway, like the International Business Centre.

The President of Cabo Verde Investimentos (CI), José Armando Duarte, announced that in 2014 investments in projects in the  tourism, renewable energies, IT and fisheries sector will take place. “We are consolidating an important portfolio of investments for 2014, but a portion will begin later this year, on Sal and São Vicente”, said José Duarte, at the end of a meeting this week with the President of the Movement for Democracy (MpD), Ulisses Correia e Silva.

The African Development Bank will finance 88% of the total budget for the implementation of Cape Verde’s technological park project. The remaining 12% of the €27.2 million project will be financed by the Cape Verdean government. The financing accord was this Monday afternoon in the city of Praia.

The Cape Verdean government, through the Directorate General of the Treasury, has authorized the company Cabo Verde Fast Ferry to take out a loan from Dutch financial institution Rabobank to pay for the vessel Liberdadi. The executive argues that the financial operation is aimed at promoting the company (in which the State of Cape Verde has a 53% share) and attracting new partners (A Semana).

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 non-governmental organization SOS Tartarugas believes it has found traces and nests on the island of Sal belonging to the green turtle, a species previously thought not to exist in Cape Verde. In its six years of activity in the country, the NGO has only come across specimens and nests of the loggerhead turtle (Caretta caretta) in the archipelago. This year, however, very different flipper prints appeared on the Fragata Coast of the island of Sal and are believed to belong to the green turtle (A Semana).

SANTO ANTAO

The villages of Tarrafal de Monte Trigo and Monte Trigo, two of the most isolated locales in the municipality of Porto Novo, on the island of Santo Antão, have seen their connection to the rest of the world improve since Saturday, when they gained mobile phone network coverage. Local residents welcomed the news with satisfaction, for many residents had long had cellular phones but were only able to use them outside of their home villages (A Semana).

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

TOURISM

salinas

The Oásis Atlântico Salinas Sea Resort, the first five-star unit of the Oásis Atlântico – Hotels & Resorts group, on Sal Island, has opened.  The resort is the result of a 30 million-euro investment by the Portuguese group in Cape Verde, where it already has three hotels – Oásis Atlântico Belorizonte, also on Sal Island, Oásis Atlântico Porto Grande on Sao Vicente Island and Oásis Atlântico Praiamar on Santaigo Island. The new resort has 338 rooms, several swimming pools and conference rooms, along with other facilities.

Angola Business News

In Angola on October 3, 2013 at 10:01 am

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NEWS

The supply of drinking water to the city of Luanda is expected to increase from 433,000 cubic metres per day at the moment to 692,000 cubic metres per day by 2017, the national director for Water, Lucrécio Costa said to local press.

Angola suspended 16 prison guards and firemen for a brutal attack on inmates that was filmed on a mobile phone and circulated on the Internet (Reuters).

– 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

ECONOMY

Angola is investing in projects ranging from ports to airports after missing its foreign investment target because spending on road and hydropower projects lagged behind what was needed to lure greater funding. The nation is expected to attract $4 billion a year in non-oil investments from abroad by 2017, failing to meet its target to register an average of $4 billion annually from 2012 to 2017, Maria Luisa Abrantes, chairwoman of the National Private Investment Agency, said to Bloomberg.

The central bank of Angola held its benchmark interest rate as inflation was little changed. The key lending rate was maintained at 9.75 percent, the Luanda-based Banco Nacional de Angola said (Bloomberg).

Political instability remains the biggest stumbling block for companies doing business in Africa, with countries such as Nigeria, the Democratic Republic of Congo and Angola seen as the most difficult countries to operate in. According to PwC’s recent survey on tax in Africa, South Africa is seen as the most difficult place from a business and regulatory perspective to operate in, with increased uncertainty in terms of tax legislation and regulatory requirements (BusinessDay).

ROTTERDAM WEEK

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Check out our new Publication

ROTTERDAM WEEK

Brains & Brawn from a Virtual City State!

Un-Dutch Reporting

on

Political Risks & Business Opportunities

in the Americas, Europe & Southern Africa!

SUBSCRIBE!

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BUSINESS

The Portuguese government sold BPN Brasil to Angola’s Banco BIC for 12.3 million euros, local press reported.

AVIATION

Taag last week launched its second scheduled direct flight between Luanda and Beijing and is planning a third in 2014.

SPLIT SECOND POLL

OIL & GAS

The proven oil reserves of Angola are estimated at 12.667 billion barrels due to new discoveries (Xinhua).

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
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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.

The IMF has urged South Africa to reform its economy (Rotterdam Week).

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).

Mozambique Business News

In Mozambique on October 3, 2013 at 9:59 am

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NEWS

President Armando Guebuza on Monday visited the shipyard in the northern French port of Cherbourg where thirty boats are being built with funds guaranteed by the Mozambican government. The order is for 24 fishing boats and six patrol vessels, and has been valued in the French press at between 200 and 300 million euros (Allafrica).

France is negotiating possible weapons sales to Mozambique in connection with an unusual, somewhat shrouded ship-building deal, a senior official from the African country said Monday. French authorities would not comment on the negotiations. The ship contract, worth at least a quarter of a billion dollars, is raising eyebrows in both countries (ABC News).

SPLIT SECOND POLL

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.

BUSINESS

Cimpor plans to increase its cement production capacity in Mozambique to 2.4 million tons per year once its new mill at Dondo starts operating, according to a statement from the group controlled by InterCement, of Brazilian group Camargo Corrêa.

The first solar panel factory in Mozambique, which is under construction at the Beluluane Industrial Park, is due to start operating in October with an annual production target of enough solar panels to produce 5 megawatts of power, local press reported.

Mozambique’s third mobile phone operator, Movitel, has won the Strategy Leadership award in mobile communications. The accolade was awarded by the United States consulting company Frost and Sullivan during a ceremony in Cape Town (AllAfrica).

PROJECT OF THE WEEK

mapwaterfront

Render of the Maputo Waterfront project.

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AGRI ETC.

Five Japanese nongovernmental organizations have called for a review of a Japanese government-backed large-scale farm development project in Mozambique. The NGOs demanded a suspension of the project during a press conference held in Tokyo after returning from a visit to the southern African country to look into the situation. The NGOs cited concerns among local small farmers that they cannot make a living if they are deprived of farmland due to the development project. Under the Pro-Savana agricultural development project, Japan, Mozambique and Brazil have been developing the northern part of Mozambique since 2009 in an effort to change the region into a large-scale farm production base for exports (The Japan News).

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MINING

Australian company Beacon Hill Resources has updated the size of its proven and likely coal reserves at its Minas Moatize concession to 39.38 million tons, the company said.

OIL & GAS

Humpback whales are regular visitors to the turquoise waters of Palma Bay. In this remote and unspoilt corner of northern Mozambique, sleepy fishing villages are tucked between mangroves and the coral reefs teem with marine life. All that is about to change as the “gas men” prepare to move in. Hungry to exploit one of the world’s largest natural gas finds in recent years, Italy’s ENI and US, Texas-based Anadarko are finalising plans to build a massive gas liquefaction and export operation in Palma. According to estimates, the country is sitting on as much as 180-trillion cubic feet of gas, the potential benefits of which, if harnessed correctly, could help lift it out of poverty. But, as it readies to cash in on the bonanza, questions are being asked about the environmental and social impacts on its coastline (BusinessDay).

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