Project in Mandlakazi district likely to create 1,000 jobs by 2027, with small producers encouraged to contribute to crop.
Lusofonia
Shipping giant, whose carrier fleet accounts for 185 million gross tonnes, now operates more than 120 offices around the world.
Participants at trade fairs see large potential for growth, hoping to attract Chinese tourists to Portugal and sell Angolan coffee to Chinese drinkers.
US$24 million renovation work urgently required; infrastructure minister claims government will ‘reap the benefits’ of new deal.
Reserves believed to be the largest in the world capable of producing more than 3.4 million tonnes per year; violence in Cabo Delgado delays other projects.
Entire crop, some 250,000 tonnes, sold to Chinese company which has plans to revolutionise country’s cashew industry.
Stronger economy and government’s prudent policies allow western African republic to regain its financial footing; kwanza gains 21% against US dollar.
China looks for alternative sources of supply due to war in Ukraine and tensions with the US.
State oil company Petrobras maintains its leadership ahead of France’s Total, Norway’s Equinor and Anglo-Dutch conglomerate Shell.