Two factories will produce chassis for buses, trucks and cars, while third will process lithium and iron phosphate, materials used in batteries.
Lusofonia
Launched in 2012, the cash-for-residence programme has performed well financially but also attracted strong criticism from the EU.
José Ramos-Horta says joining ASEAN is harder than “entering heaven” even though last assessment on entering the Association was favourable.
Project includes shopping centres, hotels, music school, theatres, sports facilities, hospital, training centre and landing strip for small aircraft: opening 2027.
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.