Brazil’s Petrobras Teams Up with Shell in African Waters
Petrobras, a leading Brazilian oil company, has partnered with Shell to commence oil exploration within São Tomé and Príncipe's Exclusive
February 9, 2024Section
Lusophone World
Cabo Verde’s Consumer Confidence Hits Four-Year High
In December, Cape Verde witnessed a notable rise in consumer confidence, achieving the highest index value of 14 in four...
February 9, 2024
Maputo Elects New Mayor with Anti-Corruption Pledge
Razaque Manhique, the newly elected mayor of Maputo from the Frelimo party, commits to a relentless fight against corruption.
February 8, 2024
Angola’s Privatization Efforts Miss the Mark
Carlos Rosado de Carvalho, an economist, has observed that Angola's Privatization Program (ProPriv) is not hitting its targets.
February 8, 2024
Mozambique Tackles Rising Debt
Mozambique's Central Bank warns of increasing domestic debt, now at 320.6 billion meticais, roughly $5.02 billion.
February 6, 2024
Macau Bank Earnings Drop by Half in 2023
In 2023, Macau's banks saw profits drop to MOP 6.14 billion (EUR 701.3 million), a 53.5% decrease from the previous...
February 6, 2024
Boost for Angola’s Diamond Sector with De Beers Pact
Today, Angola's National Agency for Mineral Resources, Endiama, and Sodiam inked a key deal with industry giant De Beers.
February 6, 2024
Mozambique’s Strategic Interest Rate Reduction
The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%
January 31, 2024
Guinea-Bissau’s Struggle Against Increased Narcotics and Political Crisis
President of Guinea-Bissau's Parliament, today highlighted a concerning issue: the rise in narcotics entering the country
January 31, 2024