Economic and Business Information

2017-09-19

China, São Tomé and Príncipe to discuss co-operation

A Chinese delegation led by a government vice-minister is due in São Tomé and Príncipe for the first meeting of the Sino-São Tomé co-operation commission, Lusa reports.

2017-09-18

Stronger Sino-Mozambican business ties sought by China

Chinese diplomats in Mozambique are hoping for closer co-operation with the Mozambican Chamber of Commerce with a view to strengthening Sino-Mozambican business ties, AIM reports.

2017-09-18

Chinese to put US$4 bln into healthcare in northeastern Brazil

The government of the northeastern Brazilian state of Ceará, Chinese state-owned healthcare technology enterprise Meheco Corp. and China Development Bank have agreed to a plan to invest US$4 billion in the healthcare industry in the state, Globo reports online.

2017-09-18

Arrangements in hand for Portuguese issue of yuan bonds

Portuguese Finance Minister Mário Centeno has said the arrangements for his government’s issue of bonds denominated in yuan will be completed soon, now Standard and Poor’s has given Portuguese debt an investment-grade rating, Bloomberg reports.

2017-09-15

World Bank to give São Tomé and Príncipe US$75 mln

The World Bank will make grants of about US$75 million to São Tomé and Príncipe for various projects there between 2018 and 2021, Lusa reports.

2017-09-15

BMI Research sees Angolan GDP growth above 4.1 pct in 2018

Consulting firm BMI Research forecasts that the annual rate of growth in Angolan gross domestic product will exceed 4.1 percent next year, Lusa reports.

2017-09-15

Curbs on Brazil-China air services relaxed

The aviation authorities in Brazil and China have agreed to ease restrictions on commercial air services between their countries, the Brazilian National Civil Aviation Agency has announced.

2017-09-14

Portugal sells US$1.01 bln worth of 10-year bonds

Portugal sold €850 million (US$1.01 billion) worth of 10-year bonds yesterday, Bloomberg reports, quoting the government debt management agency, IGCP.

2017-09-14

Experts from China test novel crops in São Tomé and Príncipe

Chinese agricultural technicians have been testing how new kinds of crops might fare in São Tomé and Príncipe, Lusa reports.

2017-09-14

Chinese spend US$19 bln on buying Brazilian companies in 30 months

Chinese investors spent 60 billion reais (US$19 billion) on acquiring Brazilian companies between the beginning of 2015 and the end of June his year, so supplanting US investors as the biggest foreign players in mergers and acquisitions in Brazil, O Estado de São Paulo reports.

2017-09-13

Fosun Intl increases stake in Millennium BCP to 25 pct

Chinese conglomerate Fosun International Ltd has increased its stake in Portuguese bank Millennium BCP to 25.16 percent from 23.93 percent, Reuters reports.

2017-09-13

Mozambican port to expand, ready to handle trade with China

Northern Development Corridor, the operator of the Mozambican port of Nacala, intends to make the facility the biggest hub for merchandise trade in southern Africa, capable of handling 3 million tonnes of cargo a year, much of coming from or going to China, the Independent Online website reports.