Project includes shopping centres, hotels, music school, theatres, sports facilities, hospital, training centre and landing strip for small aircraft: opening 2027.
Lusofonia
French multinational, which currently produces 550,000 bpd in Angola, plans to launch three new oil projects in Kwanza River Basin in 2024.
Deal to benefit education, water, sanitation, energy efficiency, digitalisation, entrepreneurship and culture, specifically in strife-torn north of country.
Archipelago struggling with sharp drop in tourism – normally 25 per cent of GDP – since March 2020, due to Covid-19 pandemic.
Food waste app and oxygen generator awarded first prize in inspirational competition open to contestants from China and Portuguese-speaking countries.
Tariff-free agricultural exports and public-private business forum also under discussion; Angola’s debt to China stands at US$20 billion.
Two Chinese medical missions are set to strengthen the public health systems in Mozambique and Guinea-Bissau for the next 18 months.
With estimated 6 billion tonnes of mineral resources, used in production of paint, paper and plastic, mine can be worked for another century.
According to presidential decree, shares are transferred to the state, regardless of any formalities, and free of any encumbrances or charges.