News from Cape Verde, Angola & Mozambique

Archive for November, 2013|Monthly archive page

Cape Verde Business News

In Cape Verde on November 28, 2013 at 5:03 pm

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NEWS

Cape Verde needs the partnership of the international community to continue to develop with strategies, targets and performance indicators, and with a sense of commitment and responsibility, said Prime Minister José Maria Neves in his speech this morning in the 8th European Development Days, currently taking place in Brussels. Speaking on a panel focused on the post-2015 agenda, Neves stressed, however, that the responsibility for projecting Cape Verde, which intends to be a developed country by 2030, is first and foremost that of Cape Verdeans (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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ECONOMY

Some 8,000 visitors and ninety businesses and entities from Cape Verde, Italy, Brazil and Portugal were present at the 17th edition of the Cape Verde International Trade Fair (FIC), which came to a close November 24, on the island of São Vicente. Among foreign participants, Portugal had the largest number of businesses exhibiting their products – an expressive 27. The next edition of the FIC will be held next November in the city of Praia (A Semana).

AVIATION

China’s OK Airways plans to acquire a stake in Cape Verdean flagship airline Transportes Aéreos de Cabo Verde (TACV) and to operate its routes to Africa, Brazil,, Europe and the United States, according to Cape Verdean newspaper A Semana. OK Airways was founded in 2004 and started operating a year later. It is based at Tianjin airport and from there offers 20 passenger routes in China, as well as a cargo service. The airline’s current fleet is made up of seven aircraft – two 737-300s, three 737-800s and two Xian MA-60s.

TACV is also negotiating regular flights to several countries and plans to use Beja airport, as of April 2014, as a stop over, said the airline’s delegate for Portugal, Mário Almeida.

Meanwhile Binter Canarias airlines, already active on the Las Palmas-Praia route has started talks to offer domestic connections inside Cape Verde.

BUSINESS

Cabo Verde Telecom has denied responsibility for cuts in Internet service last Friday on the islands of São Vicente and Santo Antão. In a press release, the company used the words “unfounded and wrong” in characterizing the information provided by its competitor, Unitel, which over the weekend accused CV Telecom of taking too long to restore Internet service on the two islands. CV Telecom promises to take legal action (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!

SANTO ANTAO

The Ribeirão Integrated Community Development Association (AMI-RIBEIRAO) in Santo Antão’s Ribeira Grande valley unveiled the area’s first solar energy system, to be used to pump water for irrigation and public consumption, November 21 (A Semana).

TOURISM

National Geographic has included Cape Verde as one of its “Best Trips” for 2014. According to the publication’s editors, the end-of-the-year guide reflects that which is most “authentic, culturally rich, sustainable and, of course, superlative in the current world of travel” (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 POLLS

Angola Business News

In Angola on November 28, 2013 at 5:03 pm

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NEWS

Angola’s main opposition parties said they would step up street protests that have already left at least one person dead as it was the only way to shake President Jose Eduardo dos Santos’ tight grip on Africa’s No.2 oil producer. Speaking three days after some of the biggest demonstrations since the end of a civil war in 2002, the parties’ leaders said they had little room for manoeuvre in a highly centralised system in which parliament has been rendered toothless (Reuters).

Angolan security forces shot and killed an opposition activist on Saturday, hours ahead of protests across the country where police detained 292 people. The killing comes after a tense week during which President Jose Eduardo dos Santos’ MPLA party accused the main opposition party UNITA of promoting “chaos” with its protests against the kidnap and possible murder of two activists in May 2012 (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 may as early as today announce that it’s cutting corporate tax to 30 percent from 35 percent to make the country a more attractive destination for investment. The new tax level is a compromise between the government’s desire to raise revenue and requests by the Association of Angolan Industry for a cut to 25 percent, Bloomberg reported.

The central bank of Angola cut its benchmark interest rate by the most on record after inflation slowed to the lowest level in at least two years. The key lending rate was reduced by 50 basis points, or 0.5 percentage point, to 9.25 percent, Bloomberg reported.

ROTTERDAM WEEK

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BUSINESS

Angolan businessman António Mosquito plans to take a 27.5 percent stake in Portuguese media group Controlinveste, which owns the Diário de Notícias, Jornal de Notícias and O Jogo newspapers as well as the TSF radio station, according to the Portuguese press. António Mosquito is also set to own 66.7 percent of Portuguese construction company Soares da Costa Construções under the terms of an agreement reached with Manuel Fino, the businessman who currently owns 100 percent of the company.

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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PROJECT OF THE WEEK

muxima

Render of the Muxima Plaza twin tower project for Luanda.

OIL & GAS

France’s Total will strengthen its position as top crude operator in Angola by starting production from a new project in the second quarter of 2014, that will raise output by 160,000 barrels per day, according to its country director. Jean-Michel Lavergne said the $8 billion CLOV project, named after the Carnation, Lily, Orchid and Violet fields, would add to a combined output of 600,000 barrels per day from its Girassol, Dalia and Pazflor deepwater fields in the huge Block 17 that Total operates in Africa’s No. 2 oil producer (Reuters).

OTHER AFRICA

dacampaign

Will the DA break through? South Africa’s Democratic Alliance and the 2014 elections (Rotterdam Week).

A Letter from Tangier. Understanding Morroco’s Atlantic position (Rotterdam Week).

Royal HaskoningDHV achieves Level 2 Black Economic-Empowerment status in South Africa (Rotterdam Week).

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 November 28, 2013 at 5:01 pm

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NEWS

Though reports are still sketchy, it appears the opposition MDM has managed to hold Beira and Quelimane in Mozambqiue’s local elections. Though the party did very well in most of the other cities it contested – like in Maputo, where MDM gained 40% of the vote – Frelimo appears to have held the upper hand throughout the rest of the country.

Two foreigners were kidnapped last week after an apparent return to normality, in the capital city of Maputo. Canalmoz reported that on Saturday two kidnappings took place in Maputo. The first happened at 9:30 on Av. Samora Machel and involved a Portuguese citizen aged 22. The second occurred at 23:30, in the borough of Coop, where a 65 year old Vietnamese man was taken hostage. The man is said to be a university professor. The Police spokesperson for the Maputo Command, Orlando Mudumane says that the identity of the kidnappers remains unknown (local reports).

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.

ECONOMY

Mozambique expects to earn $90 million a year after it establishes a tuna-fishing fleet, Victor Borges, the country’s fisheries minister said. The country, which lies on the Indian Ocean, could catch 23,000 metric tons of the fish a year, Borges said, citing a feasibility study. Mozambique this year sold $850 million in bonds to fund the purchase of tuna fishing vessels and patrol boats, Bloomberg reported.

Mozambique plans to double its electricity-generating capacity to 5,000 megawatts by 2025 as demand increases in southern Africa, said Pascoal Bacela, national director of electricity at the Energy Ministry. The contribution from hydropower plants will decline to 60 percent from 80 percent, while gas will account for 25 percent and coal 15 percent, Bloomberg reported.

BUSINESS

Logistics group Grindrod plans to switch to processing mainly magnetite instead of coal at its Matola terminal in Mozambique, once it reaches a target to more than double capacity. The port aims to process 200-million metric tonnes of minerals a year by March 2018 from the current 7.5-million tonnes, said Grindrod Terminals commercial executive Sean Rowan (BusinessDay).

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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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MINING

Mozambique will launch a round of bidding for coal mining in its Tete and Niassa provinces in June 2014. “We will have a bidding round for coal probably in June next year. We will select some blocks in the province of Tete and Niassa,” the national director of mines in the Ministry of Mineral Resources, Eduardo Alexandre, told Reuters on the sidelines of a conference (BusinessDay).

OIL & GAS

Mozambique will start liquefied natural gas (LNG) exports in 2018 to feed booming Asian demand, its deputy minister of resources said, aiming to counter speculation the African nation will struggle to start shipments by then. “2018 is the window of opportunity we have set up,” Abdul Razak Noormahomed, told Reuters. That’s “still on track,” he said, adding that the main targets for LNG sales are Japan, India, China and South Korea.

But Eni SpA sees Mozambique, its planned base for African output, struggling to meet a 2018 deadline to build plants allowing the country to ship liquefied natural gas (Bloomberg).

Mozambique’s first commercial production and sale of crude oil is set for next year from a small but profitable inland oil field at Inhassoro, a senior official at South African operator Sasol said (Reuters).

Mozambique is poised to launch its fifth oil and gas bidding round next year, mainly offshore, and is waiting for parliament to pass an amended petroleum law, a government official said. “If it is likely that this year the law is approved, it is likely we will have the bidding round sometime next year,” said Jose Branquinho, resource assessment director at the National Petroleum Institute (INP) (Reuters).

Statoil, Norway’s largest oil and gas producer plans to focus its investments on the most recent discoveries, specifically in Angola, Tanzania, Brazil and the Gulf of Mexico. Cited by financial news agency Bloomberg, the group’s director for prospecting, Tim Dodson, also said that it was very likely Statoil would leave Mozambique.

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!

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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 November 21, 2013 at 1:48 pm

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NEWS

Cape Verdean President Jorge Carlos Fonsrca has accepted the changes proposed by the government at several of the country’s diplomatic representations abroad. Domingos Mascarenhas will leave his post in Angola to take the position of Cape Verdean Ambassador to Brazil. In addition, changes will also be seen at the Cape Verdean Embassy in Senegal (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 fishing accord between Cape Verde and the European Union is “more than satisfactory” due to the large catches that have taken places in Cape Verdean territorial waters, according to a European Commission report made public this weekend in Brussels. The EU now wants a fishing accord that will remain in effect for six years. This accord, which has been in effect since September 1, 2011, and will remain so until August 31, 2014, authorizes 28 tuna fishing vessels (16 from Spain and 12 from France) and 35 surface longliners (26 from Spain and nine from Portugal) to operate in Cape Verde’s territorial waters, A Semana reported.

BUSINESS

This year the FIC, Cape Verde’s International Fair, welcomes approximately 100 exhibitors from all economic sectors, ranging from agribusiness, general commerce and industry to services and consulting. As in previous editions of the fair, workshops and exhibitions will also be held in various business segments, including civil construction, insurance, machinery and equipment, transportation, housing, information technology and commerce and services (A Semana).

The ship Sal Rei, which ran aground in the early morning hours of October 31 after colliding with an oil tanker in Praia sea port, has been removed from the shoal where it had been resting since. A Semana Online sources have ruled out the possibility that the vessel will be able to be put back in navigating conditions, but the director of the company that owns the boat, STM Lines, guarantees that the ship will be repaired at the Cabnave shipyard in Mindelo.

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

Mindelo Bay on the island of São Vicente has been classified as the fifth most beautiful in the world by The Most Beautiful Bays in the World, an international association headquartered in the French city of Vannes.

TOURISM

São Vicente welcomed the “floating city” MSC Sinfonia, with 1,566 passengers on board, this Wednesday, November 20. On Friday, November 22, the cruise ship Aida Vita, with which Mindelo is already well acquainted, will call to port there with 1,262 passengers on board. The Aida, for its part, will give way on Saturday to the Minerva, which will be carrying 352 passengers, 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

SPLIT SECOND POLLS

Angola Business News

In Angola on November 21, 2013 at 1:47 pm

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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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NEWS

Angola’s ruling MPLA party accused the main opposition group, UNITA, of seeking to cause “chaos and anarchy” by planning nationwide rallies on Saturday to protest against the kidnapping of two activists last year (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

By 2017 Angola wants to reduce its imports of goods and services, which currently cost the country US$20 billion per year, the director of the National Private Investment Agency (ANIP), Luís Domingos said in Luanda.

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!

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

Groupe Saham, a Morocco-based investment company, bought GA Angola Seguros SA, Angola’s largest closely held insurance company by revenue, for an undisclosed amount, GA Chief Executive Officer Fernando Dolbeth Assuncao said (Bloomberg).

INFRA

Cabinda will have its own deep water port and construction of the facility is due to begin in the next three years, the Angolan Transport Minister said. Work to build the port will be carried out in three phases, and that at the end of the first phase the port would have a commercial dock 775 metres long, which would be increased to 1,550 metres at the end of the final phase. Current loading and unloading of container and bulk goods is carried out using the new jetty, which was inaugurated in 2012 and has improved processing of imported goods.

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.

PROJECT OF THE WEEK

ftl

Render of the Luanda Financial Tower.

OIL & GAS

Already a rival to Nigeria for the crown of Africa’s top oil producer and a rival to Saudi Arabia as China’s biggest supplier of crude, Angola plans to auction more pre-salt acreage over the coming months. Many of the western majors, as well as oil groups from China and other emerging markets, already have Angolan assets. But they and any new entrants wanting to snap up pre-salt assets face a dilemma (FT Beyond Brics).

Angola’s oil exports rose by 1.9 percent in October against the previous month, essentially due to BP, which almost doubled its production at block 31, according to official figures from the country’s Finance Ministry. The figures, cited by financial news agency Bloomberg, showed that shipments of oil totalled 53.3 million barrels, and generated revenues of US$3.07 billion.

Onshore oil and natural gas extraction began in Angola’s Cabinda province at a block operated by Pluspetrol Angola, a subsidiary of Argentinean group Pluspetrol, Angolan news agency Angop reported.

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 November 21, 2013 at 1:46 pm

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NEWS

Mozambicans voted on Wednesday in local elections, haunted by nagging fears of conflict as the ruling Frelimo party confronts an emerging political rival and an old civil war guerrilla chief who has taken his fight back to the bush. In Gorongosa, a village in central Mozambique, voters lined up at two schools, some clearly nervous after opposition Renamo guerrillas in the surrounding hills left pamphlets threatening to disrupt the polls (Reuters).

Clashes in Mozambique’s second city of Beira between rival party supporters and riot police injured more than 20 people and stoked tension ahead of local elections this week that will test opposition to the Frelimo government. In the municipal elections on Wednesday, the Frelimo party which has ruled the southern African state since independence in 1975 faces an emerging challenge from the smaller Mozambique Democratic Movement (MDM), after the main opposition party and former rebel group Renamo decided to boycott the vote (Reuters).

Mozambique risks delays in payments because of questions by donor countries over an $850 million bond issue that will be used to fund fishing vessels and patrol boats, according to advisory company Teneo Intelligence. The government’s decision to underwrite the bond “has generated countless questions and threats” from donors, known as the G19, to delay budget aid, Anne Fruhauf. “Donors are concerned direct budget support will end up funding a guarantee for a very murky deal” (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.

ECONOMY

The private sector’s indebtedness to the banking system increased by 4.283 billion meticais (US$104.9 million) last September to a total of 144.729 billion meticais (US$3.544 billion), indicate provisional Bank of Mozambique figures. In accumulated terms, this balance indicates that bank lending to the private sector has increased by 26.917 billion meticais (US$659 million) since the beginning of the year.

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

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  • market scans

more here.

 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!

OIL & GAS

Mozambique has earned little from natural gas exploitation by the South African petrochemical group Sasol in Pande and Temane in Inhambane province, indicates a study by the Public Integrity Centre (CIP) released on Wednesday in Maputo. “This is the country’s first natural gas exploitation project, under way for ten years, and during this period the Mozambican state has earned almost nothing in terms of revenue, although forecasts had indicated that the country could take in US$2 billion during the project’s useful lifespan,” asserts the CIP, a Mozambican non-governmental organisation.

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 November 14, 2013 at 1:42 pm

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NEWS

Prime Minister José Maria Neves said that Cabo Verde and Senegal are working to re-establish the Praia/Dakar maritime connection which will allow diversifying trade between the two countries. Within the framework of the Economic Community of West African States (ECOWAS), Cape Verde is working on opening a maritime line between Abidjan (Ivory Coast), Dakar and Praia in order to insert Cape Verde in the Community market.

Good governance and democracy, investment in people and economic freedoms are the three major areas where Cape Verde received positive notes of the Millennium Challenge Corporation (MCC), especially so among more than 80 countries evaluated. This is the result of the evaluation from MCC, an institution that manages funds from the program Millennium Challenge Account (MCA) published now in its annual evaluation report of the eligible countries to the programme.

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!

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ECONOMY

2014 will be the year when investments and all projects that are on hold should should take off again, the President of Cabo Verde Investimentos (CI), José Duarte said. José Duarte confirmed that in 2013 no investment was started. However, Cabo Verde Investmentos is “very excited” with the beginning of the projects next year, he said. At the end of this month the entire package of one-stop-shop for investors in Cabo Verde will be ready.

Cape Verde’s trade deficit fell by 9.8 percent from January to September to 39.649 billion escudos (US$475.5 million), indicate figures released by the National Statistics Institute. By economic zones, Cape Verde’s foreign trade in the third quarter was almost entirely concentrated in Europe, with a 96.5 percent share.

BUSINESS

Businesspeople from Angola and Cabo Verde (Cape Verde) by the end of the year plan to set up a Chamber of Commerce to re-launch cooperation between the two companies in business, said the president of the Sotavento Chamber of Commerce, Jorge Spencer Lima.

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

Moura Company circulating with old and decrepit buses, A Semana reports.

SAO NICOLAU

The hydrofoil Kriola, owned by the company Cabo Verde fast Ferry, will soon begin connecting the islands of Santiago and São Nicolau. The first trips took place this week, on November 13 and 14.

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 November 14, 2013 at 1:41 pm

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NEWS

President Jose Eduardo dos Santos’s reiteration of comments that he’s beginning to consider stepping down won’t affect the country’s drive for investment, analysts said. The Popular Movement for the Liberation of Angola, which has ruled the country since independence from Portugal in 1975, is considering his succession plans, the president said. Dos Santos, 71, gave no date or party timetable for selecting its next leader, or who that might be (Bloomberg).

Angola’s planned undersea cable to South America will cut data transmission times between stock markets in Brazil and Hong Kong and open a new route between Africa and the U.S., the head of state-owned Angola Cables said. France’s Alcatel-Lucent SA, Japan’s NEC Corp. and TE Connectivity Ltd. are bidding for an estimated $170 million contract to lay the 6,000-kilometer (3,730-mile) cable between Africa’s second-biggest oil producer and Brazil (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

Angola appointed Deloitte LLP as the independent auditor of its $5 billion sovereign wealth fund to ensure transparency (Bloomberg).

The kwanza, Angola’s national currency, since 11 November, can be traded in both France and Portugal, local press reported.

Fitch Ratings has maintained the credit rating for Angola’s long term debt at BB- with a positive outlook and likewise maintained short term debt at B.

ROTTERDAM WEEK

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SUBSCRIBE!

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BUSINESS

Nampak Ltd., a South African packaging company, said it’s planning a $250 million drinks container plant in Angola as part of an expansion outside its domestic market (Bloomberg).

Brussels Airlines will increase from two to three the number of weekly flights between Brussels and Luanda, local press reported.

BEST ANGOLA MUSIC & BOOKS

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

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OIL & GAS

OPEC, which produces about 40 percent of the world’s oil, will probably keep its crude oil output target unchanged at its next meeting, according to oil ministers from member states Iraq and Angola. Iraqi Oil Minister Abdul Kareem al-Luaibi and Angola’s Jose Maria De Vasconcelos said they don’t see the need for the Organization of Petroleum Exporting Countries to alter its collective production target of 30 million barrels a day because current oil-price levels are satisfactory (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 November 14, 2013 at 1:39 pm

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NEWS

The deal that helped one of the poorest nations raise $850m and bond investors lock in rates three times higher than US Treasuries is also spurring concern that some money is not going where buyers — and one underwriter — have expected it to go. Two months ago, Credit Suisse Group and VTB Capital financed a flotilla of tuna boats for Mozambique, then packaged the debt into notes for overseas investors. It turns out the fleet also includes anti-pirate patrol boats, according to the French foreign trade ministry. The boats are capable of being equipped with 20mm cannons and military drones, according to Stratfor, a global security advisory firm. Credit Suisse is adamant its funding was not used for armed boats (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.

ECONOMY

Foreign direct investment (FDI) in Mozambique in the first half of the year totalled US$3.6 billion compared to US$601.2 million in the same period of 2012, the Centre for Investment Promotion (CPI) reported.

A spate of kidnappings and a low-intensity conflict with troubling echoes of Mozambique’s civil war are threatening to scare away tourists who normally flock to the country’s palm-fringed beaches. Around this time of year hotel managers, tour operators and shop owners at Mozambique’s Indian Ocean resort towns are usually busy preparing for a deluge of holidaymakers (BusinessDay).

SUBSCRIBE!

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PROJECT OF THE WEEK

greenmaputo

Render of the Green Building for Maputo.

MINING

Rio Tinto Coal Moçambique (RTCM) achieved last October a new monthly record for outflow of coal to the port of Beira, with 95,000 tons transported by the Sena railway line, local press reported.

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OIL & GAS

State oil and gas company Empresa Nacional de Hidrocarbonetos (ENH) wants to increase its share in the blocks operated by US group Anadarko Petroleum and Italy’s ENI, said the company’s director for engineering projects, Paulino Gregório.

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?

Cape Verde Business News

In Cape Verde on November 7, 2013 at 3:52 pm

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NEWS

Cape Verde and Brazil will have a new maritime connection from December. The new maritime route, which will link the port of Mucuripe, Fortaleza, capital of Ceara, to the Cape Verdean ports of Praia and Mindelo, will reduce from 45 to seven days the time of transportation of goods between the two countries.

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 and Brazil will have a new maritime connection from December. The new maritime route, which will link the port of Mucuripe, Fortaleza, capital of Ceara, to the Cape Verdean ports of Praia and Mindelo, will reduce from 45 to seven days the time of transportation of goods between the two countries.

The Fogo-Brava region will beginning next year have a renewable energy system for the pumping of water. The decision was made during a meeting this weekend between the company Águabrava and the mayors of the municipalities located on the two islands (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!

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

Cape Verde and Sao Tome and Principe are among the top 10 destinations in the world for 2014 in the category of best beaches and small islands in the new edition of the annual Guide “Best in Travel” from Lonely Planet.

SPLIT SECOND POLL

Angola Business News

In Angola on November 7, 2013 at 3:51 pm

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.

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

– 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

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.

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!

MINING

The Angolan company Sociedade Mineira de Catoca (SMC) plans to begin operations
in Zimbabwe in 2014 in the Limpopo Basin and Marane regions near the Mozambican
border, local press reported.

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OIL & GAS

Angola is building the first two drilling rigs to fly the flag of state oil company Sonangol EP as the country embarks on its biggest deepwater drilling campaign. The ships are being constructed by Daewoo Shipbuilding and Marine Engineering Co. Ltd. in South Korea and will be deployed in 2016 (Bloomberg).

US group Cobalt International Energy has found natural gas and oil in Angola’s Lontra and Mavinga test wells in blocks 20 and 21 of the pre-salt layer. The group is the operator at the Lontra well (block 20), with a stake of 40 percent in the project, and its partners are Angolan state oil company Sonangol P&P and BP and Kwanza Benguela Limited, each with 30 percent, local press reported.

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 November 7, 2013 at 3:48 pm

ADVERTISEMENT

NEWS

Poor Mozambicans must make an income from conservation so they don’t join the army of hunters who’ve helped take rhino poaching in neighboring South Africa to a sixth successive record, former President Joaquim Chissano said. Chissano, 74, is setting up a foundation to work with the government to establish a special anti-poaching force and to help develop commercial projects so local residents can benefit from conservation work. He’s seeking $1.2 million in startup costs and $6 million per year from public and private donors (Bloomberg).

South Africa’s Parliament’s standing committee on finance finally adopted a bilateral agreement between South Africa and Mozambique that brings the creation of a one-stop border post between the two countries a step closer. The move has been six years in the making. The facility is expected to expedite the movement of goods and people, reduce congestion and delays, and lower the cost of cross-border trade (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.

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

  • business diplomacy
  • economic intelligence
  • political risk assessment
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more here.

PROJECT OF THE WEEK

olympic terrace maputo

Render of the Olympic Terrace porject for Maputo.

INFRA

Mozambican logistics corridor company Corredor Logístico Integrado do Norte (CLIN) has selected German group Siemens to provide it with signalling equipment and the railway control system for the railroad linking Moatize, in Tete province, to the port of Nacala, in Nampula province.

 

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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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OIL & GAS

US oil group Anadarko Petroleum plans to invest the cash it raised by selling a 10 percent stake in an oil block in Mozambique on shale gas fracking in the United States, the group’s chief executive Al Walker said in Houston.

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?

Cape Verde Business News

In Cape Verde on November 2, 2013 at 7:39 pm

ADVERTISEMENT

MEET OUR CONSULTANCY

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

Atlantico Business Development

  • business diplomacy
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  • market scans

more here.

NEWS

The President of the Republic, Jorge Carlos Fonseca, traveled to Angola for a three-day state visit in the context of the strengthening of political dialogue between the two countries. The invitation was made by his Angolan counterpart, Jose Eduardo dos Santos, and the agenda contains a private meeting with the Angolan President to take stock and draw prospects of cooperation relations  between Cape Verde and Angola, and also address issues related to the African Union (AU), the Community of Portuguese-Speaking Countries (CPLP), situation in Mozambique, and Guinea-Bissau. In his opinion the partnership is multifaceted and diversified and, in the present context, should focus on areas such as economics, finance, business, transport and agriculture.

The European Commission has increased the aid it plans to provide to Cape Verde, to 55 million euros, as part of the 11th European Development fund (EDF) for the 2014-2019 period, the EU ambassador to Cape Verde announced.

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

Fitch Ratings has affirmed Cape Verde’s Long-term  foreign and local currency Issuer Default Ratings (IDR) at ‘B+’ with a Negative  Outlook. The Short-term rating has been affirmed at ‘B’ and the Country Ceiling  at ‘BB-‘ (Reuters).

Portuguese airline TAP Portugal began its operations to the island of Boa Vista last week. From now on, the company will offer two directly weekly flights from Lisbon. The airline’s Airbus 320 lands at Aristides Pereira International Airport 12:40 pm local time, making Boa Vista the fourth island in Cape Verde to be served by TAP.

Private companies involved in economic activities related to the sea are expected to take over the organisation of the next Expomar fair so that it can become an international benchmark event, said Cape Verde’s Secretary of State for Marine Resources. Secretary of State Adalberto Vieira called for the State to step back from the fair’s organisation, local press 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!

SANTIAGO

Passenger and cargo ship Sal Rei ran aground late last night in a shallow zone near Santa Maria islet in Praia harbor. According to information gathered by A Semana Online at Praia sea port, the Sal Rei apparently collided with oil tanker Cipreia as it was entering the bay.

SAO VICENTE

The cruise ship Saga Saphire mad a stop in Mindelo sea port, on the Island of São Vicente. The elegant, 37.3-ton, 200-meter-long ship arrived with 703 passengers on board.

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 November 2, 2013 at 7:38 pm

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.

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NEWS

Angola is investing in improved phone and wireless networks on land, sea and in space to attract foreign investment and diversify away from oil, National. The nation’s biggest projects include a $300 million Russia-built satellite scheduled for 2017 and a $200 million sub-sea cable across the Atlantic Ocean to Brazil that will start to be laid next year. Angola also wants to add fiber optic cable to increase mobile-phone coverage to 85 percent of the population from 60 percent within two years, Bloomberg 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

ECONOMY

Angola expects to post a budget deficit of nearly 5 percent next year as it spends to boost sectors outside its dominant oil industry and put two years of missed growth targets behind it, a budget bill showed (Reuters).

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.

PROJECT OF THE WEEK

torremaculosse

Render of the Maculosse tower for Luanda.

BUSINESS

Angolan group Newshold has increased its stake in Portuguese media group Impresa to 3.21 percent, the group said.

Deposits in the Angolan banking system totalled 3.9 trillion kwanzas (US$40.224 billion) on 30 September, the governor of the Angolan National Bank (BNA), José de Lima Massano 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!

ADVERTISEMENT

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

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OIL & GAS

Oil explorers in Angola will drill almost half of their offshore wells next year beneath a layer of salt under the seafloor, according to state energy company Sonangol EP. The explorers want to test the theory that the geology off Angola’s coast mirrors that off Brazil, where multibillion-barrel finds have been made, Bloomberg reported.

Angola LNG’s output will fall short of design capacity through 2014 after upstream problems including a rig disaster forced it to bring forward new supplies from other blocks (Reuters).

Angola has delayed bidding for new licences to explore for oil to the first quarter of 2014 and would welcome bids from Russian companies, its oil minister 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 November 2, 2013 at 7:35 pm

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NEWS

More than 2,000 demonstrators marched in Mozambique’s capital, Maputo, to protest against a wave of kidnappings and armed clashes between government forces and former rebels in central Sofala province. Six people, including a member of an elite police unit that protects President Armando Guebuza and two policemen, were jailed for 16 years on Oct. 28 for their role in abductions. The next day the police criminal investigations director in Maputo, Januario Cumbana, was fired (Bloomberg).

Mining company Rio Tinto is withdrawing expatriate employees’ families from Mozambique for their safety in a sign that an upsurge in kidnappings and violence is worrying investors. Other major companies developing big coal and gas reserves in the former Portuguese colony, Brazil’s Vale, U.S. oil company Anadarko and Italian oil and gas group Eni , said they were closely following political developments there, after clashes between the government army and opposition Renamo guerrillas (Reuters).

Fighting between Mozambique’s army and militia loyal to the opposition Mozambique National Resistance Army, or Renamo, has led to 58 deaths, a military official said. The clash at Maringue in central Mozambique resulted in the deaths of 17 soldiers and 41 members of the militia, the official said, asking not to be named because the death toll hasn’t been released. The government wasn’t aware of any casualties, Manuel Mazuze, deputy national director for defense policy, said (Bloomberg).

Renamo said the army was trying to hunt down and kill its leader after President Armando Guebuza said the former rebel group was threatening national sovereignty with renewed attacks (Reuters).

Carlos Cardoso was the embodiment of patriotic journalism in Mozambique (BusinessDay).

BEST MOZAMBIQUE MUSIC & BOOKS

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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.

ECONOMY

The IMF urges Mozambique to improve its business climate (Rotterdam Week).

The Mozambican government will continue negotiating the removal of taxes it currently pays on exporting sugar to the European Union, the Minister for Industry and Trade, Armando Inroga said.

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INFRA

Coal carried from the Mozambican province of Tete along the Sena railroad to the port of Beira has so far this year earned state rail and port management company Portos e Caminhos de Ferro de Moçambique (CFM) US$52 million, the chief executive of CFM-Centro said.

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THE RISE OF THE PACS

Meet three booming Portuguese-speaking African Countries.

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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!

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OPINION

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

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