The attribution – to Chinese state-run utility State Grid Corp – of contracts to build and operate two new power transmission lines in Brazil is beneficial for both countries, Chinese experts say.

Updates to the respective minimum wage for several economic sectors in Mozambique were announced this week. The increases represent increments of between 3.6 percent and 12.5 percent in the relevant sectors, announced Vitória Diogo, Minister of Labour, Employment and Social Security.

Credit lines provided by China to Angola are helping the African country to finance the construction of seven new industrial development hubs, said Kiala Gabriel, Angola’s Secretary of State for Industry.

Portuguese lender Banco Nacional Ultramarino (BNU), a banking institution based in Macau, said its business with clients related to Portuguese-speaking Countries grew by 153 percent year-on-year in 2015. The figure was given by the bank’s Chief Executive Officer, Pedro Cardoso, as quoted this week by Portuguese news agency Lusa.

The President of Cape Verde, Jorge Carlos Fonseca, said the development of ties between the African nation and China has resulted in a co-operation that serves as “a model” for bilateral relations.

Mining projects to be launched in Angola will require investment worth US$1.58 billion, Francisco Queiroz, Minister of Geology and Mining in the African nation, told Angolan newspaper Expansão.

The Chinese Embassy in Cape Verde has recently made a donation of 3.1 million escudos (US$31,577) to the Training Centre of the National Police in the archipelago, Cape Verdean newspaper A Semana reported on Monday.

Ports investor China Harbour Engineering Company (CHEC) is China’s contributor to an international consortium planning to put US$1 billion into creating a new port in Mozambique, according to Mozambican newspaper Savana.

The President of Angola, José Eduardo dos Santos, and China’s Ambassador to the African nation, Cui Aimin, met on Monday to promote bilateral co-operation, Angolan news agency Angop reported.

The new Prime Minister of Cape Verde, Ulisses Correia e Silva, said his nation is committed to overcoming any challenges; particularly unemployment.

Mozambique’s central bank last week again raised its benchmark interest rates in a bid to curb inflation in the African country, the bank said in a statement.

China was the largest exporter to Angola in the final quarter of 2015, maintaining its lead on Portugal, said Portuguese news agency Lusa in a report last week.