News from Cape Verde, Angola & Mozambique

Archive for January, 2014|Monthly archive page

Cape Verde Business News

In Cape Verde on January 30, 2014 at 9:01 am

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NEWS

The IMF has advised the Cape Verde government to reign in governmetn spending this year (Rotterdam Week).

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

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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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ECONOMY

A venture capital fund to small and medium-sized companies is due to be launched at the “1st Summit on Innovation in Africa,” to be held on 4 and 5 February, said the chairman of Cabo Verde’s Agency for Business Development and Innovation (ADEI), which set up the fund, local press reported.

The Cape Verdean subsidiary of Angola’s Banco Angolano de Investimento (BAI) has carried out a capital increase in order to keep up with expansion of Cabo Verde’s banking market, local press reported. The capital increase was of 330 million Cape Verdean escudos, and the bank now has capital of 1.33 billion escudos (US$28.8 million).

Cabo Verde’s economic climate indicator in the fourth quarter of 2013 kicked the downward trend of previous quarters despite remaining below average for the series, the National Statistics Institute (INE) said. INE said that the economic climate indicator had worsened as compared to the same period of 2012, and the country’s economic outlook remained unfavourable.

A Chinese company has shown interest in the privatisation of Cabo Verde’s airline Transportes Aéreos de Cabo Verde (TACV), minister for finance and Planning, Cristina Duarte said. According to the local press the company might be Okay Airlines.

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!

TOURISM

A group of European travel agents Saturday visited Santa Mónica beach, on the island of Boa Vista, in Cabo Verde (Cape Verde), to see the location where the future White Sands Beach and Spa resort will be built, Cape Verdean newspaper A Semana reported. Santa Mónica, an idyllic 18-kilometre white sand beach was chosen to build the 835-room resort at the end of 2015.

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

OTHER NEWS

dacampaign

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

Angola Business News

In Angola on January 30, 2014 at 9:01 am

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NEWS

The Greek owners of an oil tanker that vanished off the Angolan coast on Jan. 18 said on Sunday that pirates had hijacked the vessel and stolen a large quantity of cargo, contradicting the Angolan navy’s denial that such an assault took place (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 and Mozambique are two of the countries in sub-Saharan Africa that are expected to see the biggest rates of growth in 2014 and over the next few years, according to the World Bank in its Global Economic Outlook report. The World bank also warned for risks in the emerging markets (Rotterdam Week).

Angola’s central bank said on Tuesday it was leaving its benchmark interest rate unchanged at 9.25 percent, after a meeting of its monetary policy committee. The committee last changed the lending rate in November, when it cut it from 9.75 percent, Reuters reported.

ROTTERDAM WEEK

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ROTTERDAM WEEK

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Un-Dutch Reporting

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BUSINESS

Japan’s Marubeni Corp is preparing to launch a large sugar cane production project for industrial use this year in Angola, in Cunene province. local press reported.

INFRA

Soyo municipal airport, in Angola’s Zaire province, in 2013 received 18,508 flights, the director of air navigation company Empresa Nacional de Navegação Aérea (Enana) said. Speaking to Angolan news agency Angop, Lucamba said that compared to 2012 there had been nine more flights per day in 2013.

BEST 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, Cape Verde and Mozambican 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 aboutthese countries. You order straight with Amazon, one of the best online stores in the world. Enjoy!

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MINING

Angola’s diamond cutting factory is potentially due to start operating in March in order to make use of the entire diamond value chain, Angola’s Minister for Geology and Mining, Francisco Queiroz said to the local press.

OIL & GAS

US oil company Cobalt International Energy has found more oil in Angola’s block 21 where it is prospecting in partnership with Angola’s Sonangol and other companies, the company said.

Sonangol EP, Angola’s state-owned oil company, is offering exploration licenses for 10 onshore areas that may offer more crude than previously thought, according to a surveying company that has assessed the deposits (Bloomberg).

Mozambique Business News

In Mozambique on January 30, 2014 at 8:59 am

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NEWS

President Armando Guebuza inaugurated Mozambique’s new Presidential
palace, which was built by Chinese company Anhui Foreign Economic Construction
Corporation (AFECC), the Mozambican press reported.

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AND GET HUGE DISCOUNTS

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

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ECONOMY

The multipurpose port terminal of Nacala in Mozambique’s Nampula province is due to start operating this year, according to the local press. The project, which is expected to cost around US$1 billion, will have a storage capacity of 14.5 million tons of coal mines in the Moatize coal basin, in Tete province.

BUSINESS

A mission of the Italian navy is promoting some of Italy’s most important industrial sectors in Mozambique, particularly those linked to the military, naval, furniture and decoration sectors, as part of a touring campaign that will travel to 20 countries in the Persian Gulf and Africa.

PROJECT OF THE WEEK

Assos_1

Render of the Assos residential project for Costa do Sol, Maputo.

MINING

Australian groups Baobab Resources, via its Mozambican subsidiary Capitol Resources, is expected to invest US$1 billion to build a pig iron factory in Tete province, local press reported.

OIL & GAS

Sasol responded to the Mozambique Center for Public Integrety’s allegations that its gas deal was a bad deal for the Mozambican people (CIP).

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 January 23, 2014 at 5:22 pm

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NEWS

MpD vice-chairman Olavo Correia has accused the government of insisting on a model of economic and social development anchored in a state that operates through indebting itself and recycling public development aid – a model, he says, that has led to weak economic growth interspersed with economic recession, an increase in unemployment and an increase in the poverty rate (A Semana).

Five men of Syrian nationality, who were attempting to pass through Cape Verde using false passports after arriving on a flight from Senegalese capital Dakar, are currently being held at Nelson Mandela International Airport in Praia, and will be returned to Dakar, A Semana reported.

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

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 remains the best-ranked among the world’s Portuguese-speaking countries on the Economic Freedom Index, coming in 60th place with 66.1 points, 2.4 more than last year. The Heritage Foundation affirms that Cape Verde has shown gains in terms of labor, business and investment freedom, as well as in terms of the management of government spending.

A delegation of Nigerian businessmen is expected to visit Cape Verde next month with a mission to familiarize themselves with the business opportunities in various sectors of the island chain. The Cape Verde press quoted the President of the Chamber of Commerce, Industry and Services of Sotavento (CCISS, french acronym), Jorge Spencer Lima, as saying that the Nigerian delegation will be made up of businessmen operating in various sectors.

The Prime Minister of Cape Verde, José Maria Neves, said that there were several parties interested in the privatisation of the country’s power production and distribution company Electra and added that the process would be concluded this year.

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!

TOURISM

The ports of Cape Verde in 2013 received over 75,000 passengers and 157 stopovers by cruise ships, the country’s port management company Enapor said.

Cape Verde is the perfect place to drop anchor for a relaxing beach holiday – pig fish and all, the Daily Mirror reports.

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

OTHER NEWS

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.

 

Angola Business News

In Angola on January 23, 2014 at 5:22 pm

ADVERTISE NOW ON ATLANTICO WEEKLY AND GET HUGE DISCOUNTS!

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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).

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

NEWS

A fuel tanker is suspected to have been hijacked by pirates off the coast of Angola, the ship’s owners said, in what would be the most southerly attack to date by pirates off West Africa. Pirate attacks jumped by a third last year off the coast of West Africa but were mostly confined to the Gulf of Guinea, around Africa’s biggest oil producer Nigeria, where most of the hijacking gangs are believed to originate (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

In 2013 the Angolan government invested US$2 billion in the modernisation and expansion of the port of Lobito, local press reported. The funding built an ore terminal and a container terminals as well as a dry dock.

Angola and Mozambique are two of the countries in sub-Saharan Africa that are expected to see the biggest rates of growth in 2014 and over the next few years, according to the World Bank in its Global Economic Outlook report. The World bank also warned for risks in the emerging markets (Rotterdam Week).

The office for economic and financial studies of Portuguese bank BPI has lowered its forecast for growth of the Angolan economy in 2013 by 0.7 percentage points and now estimates gross domestic product (GDP) growth of 4.5 percent for the year.

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

Standard Chartered has opened a corporate bank in Angola, the London-listed group said on Monday, underscoring growing interest in Africa’s biggest oil producing country after Nigeria. Angola has seen rapid economic growth since the end of a civil war in 2002, helping attract foreign banks such as Africa’s top lender Standard Bank, Russia’s No.2 bank VTB and Portugal’s Banco BPI (Reuters).

Angolan bank Banco Angolano de Investimentos (BAI) was rated “B1” by Moody’s, making it the first Angolan bank to be rated by a credit rating agency. As well as the B1 rating, which indicates the risk associated to any debt issued by the bank as “highly speculative”, BAI’s deposits were also rated “Ba3/Not-Prime”.

U.S. buyout firm Carlyle Group and the assset management unit of South Africa’s Investec have made a private equity investment in Mozambique-based transport firm J&J Africa, Reuters reported. J&J Africa is a transport company that also provides warehouses for bulk and container cargo.

The Angolan government plans to sign double taxation agreements with countries with which it has special economic or political relations, as part of reforms underway in the tax and public finance sector, Angolan news agency Angop reported.

Angola’s National Agency for Private Investment (ANIP) signed 23 contracts in Luanda worth US$290 million with Angolan and foreign companies. Most of the 23 investment projects are linked to the services, construction, industry and retail sectors.

BEST 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, Cape Verde and Mozambican 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 aboutthese countries. 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

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more here.

OIL & GAS

Angola will ship in March 45.9 million barrels, or 1.48 million barrels a day, down from 1.65 million barrels a day in February, a preliminary loading program obtained by Bloomberg shows. That’s the lowest since June 2011. Both months’ cargo tallies are 48. There are no planned shipments from Plutonio, compared with 4 million barrels for February, the data show. The stoppage is because of maintenance, according to two people familiar with the situation, who asked not to be identified because the information is private.

 

Mozambique Business News

In Mozambique on January 23, 2014 at 5:21 pm

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NEWS

Mozambican police arrested three Rwandan citizens in connection with the murder of Rwanda’s former intelligence head, Patrick Karegeya, Bloomberg reported.

A small army of landmine-detecting rats is to be redeployed in Mozambique in a push to meet a deadline to have the country declared free of mines this year. Belgian non-governmental organisation Apopo trains African giant pouched rats to sniff out the explosives in landmines by conditioning them to associate the scent with rewards of food.

SUBSCRIBE!

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MEET OUR CONSULTANCY

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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

Deadly skirmishes between militia loyal to Mozambique’s opposition party and their civil war foes in government is putting the country’s stellar economic growth at risk, the International Monetary Fund (IMF) warned (BusinessDay).

BUSINESS

Mozambique was the sub-Saharan African country that attracted the most bank investment in 2013 driven by three agreements in the energy sector, according to a report published by financial news agency Reuters.

Portuguese construction company Sociedade de Construções Soares da Costa has been awarded a new construction contract in Mozambique, specifically in the Nacala Railroad Corridor, in the north of the country, Soares da Costa said.

CMA CGM has launched a new feeder service to ports in Mozambique, dubbed “Rhino Express”. CMA CGM said the service would extend its ports coverage to Quelimane and Pemba, and will improve cabotage capacity in Mozambique, faster transit times from India, the Middle East, Europe and South America’s East Coast to Maputo and Beira, and direct connection between Mozambique and Durban, Seatrade Global reported.

The access channel and some mooring docks in the port of Maputo, Mozambique, will this year be dredged in order to increase their depth from 11 metres to 13.7 metres, thus allowing ships weighing over 65,000 tons to enter the port, the port’s concession company said.

PROJECT OF THE WEEK

maputohotel5star

Render of the 5 star hotel under construction at the Joaquim Chissano International Conference Centre in Maputo

MINING

Since 17 January, more than 50 men, allegedly Mozambique National Resistance (Renamo) guerrillas, have been in the Zobue administrative post, in the north of the Moatize district, Tete Province, central Mozambique, AllAfrica reported.

OIL & GAS

South Africa’s revised 20-year energy draft plan “shockingly” ignores the vast Rovuma Basin gas find in Mozambique. It is the world’s fourth-largest known natural gas deposit, that would solve Eskom’s immediate energy crisis and avoid the costly construction of a third new coal power station (BusinessDay).

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 POLL

Cape Verde Business News

In Cape Verde on January 16, 2014 at 2:46 pm

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NEWS

The Cape Verdean Ministry for Foreign Relations informed in a statement that on 28 December 2013 the European Parliament officially approved the European Commission’s proposal to improve Cabo Verde’s access to the European Union (EU) market and that the measure was put in place on 1 January 2014. The access to the SGP+ may also support the country’s integration in the international economic system. The GSP is a system designed by the United Nations Conference on Trade and Development (UNCTAD) for goods from developing nations to have privileged access to developed markets. The GSP+ is made up of a set of EU rules that allows exporters from developing nations to pay lower customs taxes on all or some of the products they sell to the EU. It provides tax-free access by several products. In 2012 the EU imported goods worth 4.9 billion euros from beneficiary 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

The privatisation of Cabo Verde’s flagship airline, Transportes Aéreos de Cabo Verde (TACV) and reprivatisation of water and electricity company Electra are amongst the Cape Verde government’s major priorities for 2014, Prime Minister José Maria Neves said.

Cabo Verde’s year-on-year inflation totalled 1.5 percent in 2013, which was 1 percentage point less than the 2.5 percent inflation rate in 2012, the archipelago’s National Statistics Institute (INE) said.

The Portuguese government has approved the opening by state bank Caixa Geral Depósitos (CGD) of a 30 million-euro credit line for Cape Verde. According to the ruling, the credit line has a maturity of 35 years with a 15 year grace period, and Portugal will subsidise the loan’s interest rate, which has been set at 1.37 percent a year. Cape Verde is still the highest ranked Portuguese-speaking country in the Economic Freedom Index drawn up by the US-based Heritage Foundation. The West African archipelago was ranked in 60th place with 66.1 points, or 2.4 points more than last year’s ranking.

AVIATION

International air traffic has grown at a good pace during the winter season, with an increase of 5% over the same period last year. In contrast, domestic air traffic has dropped considerably, with the latest data indicating a 16% reduction in comparison to 2012. Behind this decrease, according to airport and air security company ASA, is the weak dynamics of inter-island transportation. Until November of 2013, 1,722,000 passengers had traveled through Cape Verde’s airports, 1,081,000 of them (63%) on international flights and 641,000 (37%) on domestic flights. Low-cost charter companies originating in Europe (Portugal, the United Kingdom, Spain, France, the Netherlands, Germany) have lent unprecedented dynamics to the airports of Cape Verde’s main resort islands, Sal and Boa Vista, during this winter season, which began in October and will run until March, A Semana reported.

THE GRAND TOUR OF CAPE VERDE

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

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

BOA VISTA

Boa Vista is the island most sought by tourists, recording about 42.3 percent of hotel entries, ahead of the islands of Sal (34.6 percent) and Santiago (12.7 percent), the INE reported.

FOGO

Six Portuguese and Cape Verdean civil construction companies were shown the sites where the photovoltaic system for the pumping, storage and distribution of water is to implemented on the island of Fogo. The project is still in the tender phase.

SAL

Construction company SGL has been chosen to build the new Hilton Hotel on the island of Sal, which will be Cape Verde’s first five-star hotel and will include a casino. The global investment of some five billion escudos has even more added value with the weight of the world-famous Hilton brand name. The accord between SGL and Batuque SA, which has a management contract with the Hilton chain, was signed in Paris by Jacques Monnier, the CEO of the corporation promoting the project, and José da Luz, who represented the Cape Verdean construction company alongside associate Silvino Santos (A Semana).

Angola Business News

In Angola on January 16, 2014 at 2:46 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

Huambo is emerging from the ruins left by a 27-year civil war in Angola, Africa’s second-biggest oil producer, by using a new power plant, a location on the transnational Benguela railway and a temperate climate to lure investors. Angola’s second-largest city, located on the central plateau about 600 kilometers (373 miles) southeast of the capital, Luanda, is linked to the Atlantic ocean port of Lobito and neighboring Democratic Republic of Congo and Zambia by the 1,344-kilometer Benguela railway that China has rebuilt. It’s receiving fresh supplies of power from the 60-megawatt Gove hydroelectric dam that was completed in August (Bloomberg).

Over 100 railway stations were inaugurated in Angola in 2013 by the Transport Ministry as part of a government project to rebuild the country’s rail network, local press reported.

– INTERVIEW –

ANGOLA BEYOND OIL & GAS

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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 and Mozambique are two of the countries in sub-Saharan Africa that are expected to see the biggest rates of growth in 2014 and over the next few years, according to the World Bank in its Global Economic Outlook report. The World bank also warned for risks in the emerging markets (Rotterdam Week).

ROTTERDAM WEEK

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BUSINESS

Russian group Kamaz plans in 2016 to start building a heavy vehicles factory in Angola in order to sell the vehicles in Southern Africa, local press reported. Construction of the factory would take three years and the Kamaz group would invest US$20 million in the project.

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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MINING

Lonrho Mining Ltd has found a large high quality white diamond totalling 131.5 carats (26.3 grams) at its concession in Lulo, Angola.The diamond is 5 centimetres long and was found with other diamonds, one of which was 38.3 carats and another of 8.7 carats, local press reported.

OIL & GAS

Angola plans to export 48 tankers of crude oil in February, the same amount as in January or a total of 46 million barrels, according to the final loading schedule, cited by financial news agency Bloomberg.

Sonangol plans to launch tenders to grant licenses for onshore oil wells in the basins of the Kwanza and Congo rivers, the company said in a statement issued Luanda. According to the statement all national and international oil companies as well as other interested companies can compete for three blocks in the Congo basin and eight blocks in the Kwanza basin.

OTHER AFRICA

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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 January 16, 2014 at 2:45 pm

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NEWS

The Limpopo railroad, which links Mozambique to Zimbabwe, reopened to traffic last weekend, after a five-day stoppage following a derailment, local press reported.

Mozambique’s ports and railways company (CFM – Portos e Caminhos de Ferro de Moçambique) is investing heavily to ensure that by mid-year it has sufficient equipment to provide quality maintenance along the 575 km long Sena Line linking Beira to Moatize in Tete province, local press reported.

Mozambique’s rate of inflation totalled 3.54 percent in 2013, measures by the consumer price index (CPI) in Maputo, Beira and Nampula, the country’s three main cities, the National Statistics Institute (INE) said.

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.

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PROJECT OF THE WEEK

tdmaputo

Render of the Mozambican office of Portuguese builder Teixeira Duarte, in Maputo.

MINING

Australian mining company Republic Gold has found two intersected gold mineralisations following test drilling in the Mucurumadazi block, in Mozambique, local press reported.

OIL & GAS

India may receive its first shipment of liquid natural gas (LNG), extracted and processed in Mozambique, in 2019 the Mozambican Minister for Mining Resources, Esperança Bias said in New Delhi.

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! buzios

OPINION

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

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