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| Chinese group Qinghua wants to mine for coal in Niassa, Mozambique |
Maputo, Mozambique, 30 July – The chairman of Chinese group Qinghua said in Maputo that within two months it would send a team of technicians to the district of Lago, in the Mozambican province of Niassa, northern Mozambique to assess the coal reserves in the region, Mozambican newspaper Notícias reported Friday. [ more ] | | |  | | | | Toyota wants to invest US$1 billion in fertiliser factory in Angola |
Luanda, Angola, 30 July – The chief executive of the Toyota Corporation, Takeshi Matsushita said in Luanda that Toyota plans to build a fertiliser factory in Angola, costing some US$1 billion and to import natural gas for sale on the Japanese and European markets, Portugal’s Lusa news agency reported. [ more ] | | | | | | | Mozambican electricity company EdM to increase sales to South Africa over next three years |
Maputo, Mozambique, 30 July – Mozambican state electricity company, EdM plans to increase sales of power to South Africa by 75 percent over the next three years, the chairman of the board of the company, Manuel Cuambe said in Maputo. [ more ] | | | | | | MORE NEWS
| | Malawi rejects power imports from Cahora Bassa, Mozambique | | | | Gema group builds steel factory in Angola’s Bengo province | | | | Angola’s BAI on list of world’s top 1,000 banks | | | | Factory bottles 5,000 litres of water per day in Huambo, Angola | | | | Algeria pardons Sao Tome and Principe debt of US$3 million | | |
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Bank in East Timor gives Geocapital almost total presence in financial sector of Portuguese-speaking countries
Macau, China, 26 July - Geocapital, the stakeholding company linked to Macau gaming magnate Stanley Ho, is about to start operating in East Timor, thus having a presence in almost all the financial markets of Portuguese-speaking countries.
The new bank, Banco Timorense de Investimento, which Geocapital had already requested to open, is due to receive authorisation, according to a report last week from the Africa Monitor newsletter.
The new bank will prioritise financing for infrastructure projects, Africa Monitor said.” [ more ] |
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