News from Cape Verde, Angola & Mozambique

Archive for December, 2013|Monthly archive page

Cape Verde Business News

In Cape Verde on December 12, 2013 at 1:36 pm

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NEWS

A first ever Dutch trade mission is set to reach Cape Verde in March 2014. The mission will be organised by Dutch consultancy Atlantico Business Development of Rotterdam, a company focusing on Lusophone Africa, on behalf of the Dutch Embassy in Dakar. More information – in Dutch – can be found here.

The European Union has adopted harsher sanctions against shark finning. In Cape Verde, the practice is also prohibited, but the increase in demand for the “delicacy” on the European market is encouraging the activity in Cape Verdean waters, placing the region’s entire ecosystem in danger (A Semana).

The European Union has expressed its willingness to help Cape Verde achieve 100% renewable energy coverage by 2020, according to Prime Minister José Maria Neves (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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AVIATION

Cabo Verde’s aviation agency Aeroportos e Segurança Aérea (ASA) will ensure the handling services at the country’s airports as of 2014, via Ground Handling, a company that is due to be set up soon, local press reported. According to Cape Verdean weekly A Semana, this will be the first step in the privatisation of airline Transportes Aéreos de Cabo Verde (TACV), as the flagship airline currently carries out those services.

BUSINESS

Banco BIC presented its planed entry in Cape Verde, with a starting capital of 30 million euro (3.3 billion escudos). The Chairman of the Board of Directors (PCA) of BIC Cabo Verde, Fernando Teles, said the bank will enter in the Cape Verdean market after the acquisition of the old Portuguese Bank of Business (BPN). BIC, which is based in Portugal and Angola, is one of Africa’s most capitalized banks, since it has a volume of investment in Angola of about 400 million euros (44 billion escudos).

Maria Chaves wines, the result of a project elaborated by the Association for Solidarity and Development (ASDE), are being exported to the Netherlands, Italy, Germany, Portugal and France, and in the near future are also expected to be available in the United States of America. The news comes from Philippe Gardin, the manager of Cabo Intex, the company that will take the Cape Verdean wine beyond the country’s borders (A Semana).

Representatives of the state-held China Road & Bridge Corporation (CRBC) showed interest in taking part in infrastructure projects in Cape Verde. During the meeting with José Maria Neves in Praia, the CRBC representatives said that the company was also available to help gather funds to enable those infrastructure projects to go ahead. The Cape Verdean prime minister was asked to present a list of projects deemed priority by his government. The China Road & Bridge Corporation is present in at least 20 African countries, including Gabon, Republic of the Congo, Mozambique, Equatorial Guinea and Angola, 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!

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

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Angola Business News

In Angola on December 12, 2013 at 1:36 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 said it had refused registration to a number of Islamic religious groups and closed illegal mosques because they did not comply with national laws, but it denied any persecution of Muslims. The government of the No.2 oil producer in Africa has faced a storm of criticism after some international media reported it had “banned Islam”, causing embarrassment for this member of the OPEC oil cartel dominated by Muslim states (Reuters).

Angola denied a report by Portuguese state TV that President Jose Eduardo dos Santos was undergoing cancer treatment, saying the long-serving 71-year-old was in good health (Reuters).

Angola’s largest opposition party criticized the National Assembly’s first ever approval of state accounts after fewer than half of government units formally reported their spending (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’s growing middle class will help expand the banking, retail and communications industries in Africa’s second-largest oil producer, according to Eaglestone Securities BV. The economy will grow by 5 percent to 7 percent this year and next, led by an 8.3 percent increase in non-oil sectors, Tiago Dionisio, a Lisbon-based analyst at Eaglestone, wrote. Oil’s contribution to gross domestic product fell to 46 percent from 56 percent in 2002, he said (Bloomberg).

The number of millionaires in Angola rose by 68 percent from 2007 to 2013 and now totals 6,400, indicate figures from the New World Wealth consultancy, local press reported.

Guinea-Bissau is last on the list of the 145 best and worst countries for doing business drawn up by the American magazine Forbes, while Angola also ranks among the bottom five.

ROTTERDAM WEEK

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BUSINESS

Spar Group Ltd. (SPP), a South African food and liquor retailer, will open its first store in Angola on Dec. 10, working with a local partner, Finance Director Mark Godfrey said (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!

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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

1_Cidade_Financeira

Render of the Financial City or Cidade Financeira project for Luanda, currently under construction.

OIL & GAS

Oil drillers hoping pre-salt discoveries in west African waters may match the prolific finds beneath similar deposits off Brazil got a lift from the drilling results of the Lontra 1 well offshore Angola. Cobalt International Energy said the drill stem test results were “exceptional, with excellent quality reservoirs that are better than we had expected” (Reuters).

Angola’s implementation of a 10 percent tax on some oil services, which passed into law two months ago, has left companies unsure how they can recoup expenses, a lawyer said (Bloomberg).

Sonangol EP, Angola’s state-owned oil company, will explore five onshore blocks and tender them for development if successful, according to a decree by President Jose Eduardo dos Santos (Bloomberg).

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.

Mozambique Business News

In Mozambique on December 12, 2013 at 1:34 pm

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NEWS

The opposition Mozambique Democratic Movement (MDM) has won three of the nation’s four largest cities in local elections, emerging as a credible challenger to the ruling Frelimo party for presidential and parliamentary polls due next year. Besides retaining the mayorships of the ports of Beira and Quelimane in the Nov. 20 municipal vote, MDM gained control of the northern city of Nampula in a re-run on Sunday, held following ballot errors in last month’s polling (Reuters).

A Mozambique Airlines Embraer plane built in 2012 en route to Angola crashed in a game park in northeast Namibia, killing all 33 people on board.

The story of how Mandela found happiness late in life with Mozambique’s former first lady is one the world knows, but their love story is also a tale of politics and personal history intertwined. Their story cannot be separated from that of Graça’s first marriage to Samora Machel, nor her quest to reveal the truth about her first husband’s death (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

Cashew nut production in Mozambique this year may not reach the forecast of 95,000 tons due to a number of factors whose real impact is still difficult to determine, said the director of the National Cashew Institute (INCAJU), Filomena Maiópuè.

Tourism in Mozambique in 2012 posted growth of 9.5 percent, with 2.2 million international arrivals compared to 2.01 million in 2011, Prime Minister Alberto Vaquina said.

BUSINESS

Dutch-owned company Valley of Macs, which produces macadamia nuts in Mozambique’s Manica province, plans to export 1,000 tons of macadamias within three or four years, local press reported.

SUBSCRIBE!

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

MEET OUR CONSULTANCY

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

Atlantico Business Development

  • business diplomacy
  • economic intelligence
  • political risk assessment
  • 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!

MINING

Vale said it remains committed to developing its Moatize coal project in Mozambique. But it said it plans to reduce its financial participation in a group that is expanding a rail and port corridor used to move coal from Moatize to the port of Nacala. The importance of the railway to non-coal operations such as agriculture has led Vale to look for outside partners for the rail link (Reuters).

The Mozambican government plans to hold an auction for coal concession in the provinces of Tete and Niassa in June 2014, the national director for Mines said.

OIL & GAS

South Africa’s Sasol Petroleum International (SPI) is due to start producing and selling oil extracted in Mozambique’s Inhambane province in 2014, local press reported.

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?

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