NEWS

China’s public companies are key in cooperation with Portuguese-speaking countries

China’s state-owned enterprises are a key force in economic and trade cooperation between China and the Portuguese-speaking countries and in the construction of the multilateral Cooperation Platform, the director-general of the Central Government Liaison Office said on Wednesday in Macau.

Fu Ziying also said that these companies should make the most of their own potential to invest more resources and should cooperate with Macau companies to strengthen cooperation for business exploration.

He said Portuguese-speaking countries should create a better business environment as well as better conditions to deepen international economic and trade cooperation by taking part in the Summit on the Construction of the Macau Trade Cooperation Services Platform between China and the Portuguese-Speaking Countries, supported by China’s Central Public Enterprises 2019.

The director-general of the Central Government Liaison Office also said that the platform allows Macau’s unique advantages to be developed as a key link to deepen international economic and trade cooperation, and is also important in the implementation of the Belt and Road initiative between China, Macau and the Portuguese-speaking countries.

“The platform is also a relevant starting point for Macau to integrate into national development and promote the diversification of its economy,” said Fu Ziying.

The Macau Chief Executive, Chui Sai On, said in his speech that, over the past decade, the MSAR Government had focused on articulating the construction of the China-Portuguese-speaking Countries Trade Cooperation Platform with the most important national strategies.

He also noted that by promoting the construction of the Belt and Road and the launch of the Guangdong-Hong Kong-Macau Greater Bay Development Planning Guidelines and the positioning of Macau as a Platform for Cooperation between China and the Portuguese-speaking Countries. (Macauhub)

Italthai Engineering railway port project moves ahead in Mozambique

The foundation stone for the construction of the housing village for people currently living in the future area of the port of Macuse was laid on Wednesday in Sopinho, Quelimane district, Zambezia province, according to Mozambican press reports.

The president of Thai Mozambique Logistic, Orlando Marques, announced at the ceremony that 63 houses will be built in the village, a health centre, a small water supply system, power grid extension, roads, boreholes, a market, and playgrounds.

Orlando Marques also said that the work is scheduled to be completed within two years and that the costs will be known only after the construction of the model house, which should happen within the next few days.

In 2013 the Government of Mozambique awarded to Thai Italthai Engineering (which owns 60% of Thai Mozambique Logistics) the concession (construction, operation and other operations) of the port and railway of Macuse, 35 kilometres north of Quelimane, the capital of the central province of Zambézia.

The 620-kilometre railway connecting Macuse to the Moatize and Chitima mines is estimated to cost US$2 billion and is designed to allow coal to be carried from Tete province in the interior of Mozambique.

Macuse’s deep-water port will be able to accommodate large draft ships that will mainly transport coal and serve landlocked countries bordering Mozambique.

The US$2.40 billion project will be carried out by a consortium of the China Machinery Engineering Corporation and Mota-Engil, and is expected to be completed in 2021, according to information released in August 2018. (Macauhub)

Macau International Fair and Portuguese-speaking Countries Products and Services Exhibition kicks off on Thursday

The 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) Products and Services Exhibition will coordinate and articulate with China’s development policies, closely following new international investment trends, said the president of the Macau Trade and Investment Promotion Institute (IPIM).

Organised by IPIM and co-organised by 15 economic and trade entities, and trade associations from Macau, China and Hong Kong, the theme of this edition of MIF is “Cooperation – Key to Business Opportunities.”

IPIM President Irene Lau said that the two events will take place simultaneously from 17 to 19 October and stressed that Caboe Verde and the Chinese province of Jiangsu are invited to be, respectively, the Partner Country and the Partner Province.

She also said that Cabo Verde TradeInvest, the archipelago’s investment and export promotion agency will organise and install the Caboe Verde Pavilion, which will occupy an area of 180 square metres, while Jiangsu Province Trade Department will coordinate, organise and install the Jiangsu Pavilion, which will cover an area of almost 300 square metres.

On the first day of the MIF, the Ninth Summit for Commercial and Industrial Development of Jiangsu Province, Macau and Portuguese-Speaking Countries will take place, as well as the Jiangsu–Macau–Cabo Verde Cooperation Forum, which will bring together representatives of economic and trade departments of businesses, as well as experts and academics from the three territories.

PLPEX will have an area of approximately 6,000 square metres this year, with about 250 stands and the participation of companies from the eight Portuguese-speaking countries and Lusophone products and services agents from Mainland China, Hong Kong and Macau, which will promote food, beverages, e-commerce, information technology, everyday items, handicrafts, building materials, sporting goods, as well as various theme-specific exhibition areas and thematic products.

IPIM will organise business visits from Portuguese-speaking, national, foreign and Macau businesspeople to the cities of Guangdong–Hong Kong–Macao Greater Bay, including Zhuhai and Foshan, to enable businesses, especially those from Portuguese-speaking countries to become better acquainted with the policies of the Greater Bay and the resulting development opportunities. (Macauhub)

Mozambican government to consider proposal to create Chimoio Special Economic Zone soon

The proposal to create the Chimoio Special Economic Zone (ZEEC), in Manica province, central Mozambique, will soon be submitted to the Council of Ministers, said the national director of industry, Mateus Matusse, quoted by daily newspaper Notícias.

Speaking recently at a meeting held in that city to present and discuss the proposal, Matusse said the ZEEC will create many jobs, as it will re-launch industrial units that have been at a standstill and encourage new domestic and foreign investments.

Among the companies that could be revitalised is Textáfrica, a textile factory that has not been operational for about 20 years and which employed more than 1,000 workers.

During the meeting, which was promoted by the Investment and Export Promotion Agency (Apiex), Mateus Matusse said that a technical office will be set up in Chimoio to analyse and grant licenses to projects in the special economic zone.

The creation of a Special Economic Zone in Chimoio was proposed by the President of the Republic, Filipe Nyusi, and, more recently, the Prime Minister, Carlos Agostinho do Rosario, met with the workers of Textáfrica to convey the desire to make Chimoio into an industrial and commercial city in the short and medium term. (Macauhub)

Italian group ENI wants to hire ships for oil exploration in Mozambique

ENI East Africa – Mozambique Branch, a Mozambican subsidiary of Italian group ENI, plans to hire ships and waste management companies for oil and gas exploration operations in Area A5-A of the Angoche basin, northern Mozambique, according to an announcement published on Monday in the Mozambican press.

Drilling of the first hydrocarbon well in that area of Nampula province is scheduled for the first quarter of 2021, with the Italian group leading operations as it controls a 34% stake, after in March 2019 it sold a 25.5% stake to the Qatar Petroleum group.

The announcement said the company intends to hire supply services for two supply vessels to its offshore gas production platform and one optional vessel to assist operations in Area A5-A, according to daily Mozambican newspaper O País.

The ships will transport drilling materials, equipment, cargo and supplies between the port of Pemba and Area A5-A offshore drilling facilities, as well as on-site drilling platform activities.

The announcement also said that ENI East Africa – Mozambique Branch intends to hire companies for solid waste management in its operations in the Angoche and Larde block. (Macauhub)

Macau is committed to promoting cooperation between China and the Portuguese-speaking countries

Macau is committed to building the Trade Cooperation Services Platform between China and the Portuguese-speaking Countries, a task it was given by the central government, the Secretary for Economy and Finance said recently in Lisbon, Portugal.

Leong Vai Tac also said that this commitment translates into the support given to companies to “invest abroad” to base themselves in Portugal and to enter the market of other Portuguese-speaking countries.

The statements were made during a meeting with more than a dozen representatives of mainland China and Macaucompanies investing in Portugal, as well as Portuguese companies investing in Macau.

The Secretary for Economy and Finance said that Hong Kong and Macau have unique advantages in the construction of Guangdong-Hong Kong-Macau Greater Bay and that the Sino-Lusophone Macau platform plays an important role in the development of the Greater Bay.

This development, Leong Vai Tac said, follows three trajectories – Chinese companies going to Portugal via the Macau platform, then from there to the European Union, going to Brazil through the same platform, and then to Latin America and also through Macau, entering Africa.

The secretary also held meetings with the Governor of the Bank of Portugal, Carlos da Silva Costa, and Euronext Lisbon director Isabel Ucha, as well as with other personalities, to exchange views on various topics.

Among the topics discussed were the strengthening of economic and trade exchanges between Portugal and Macau, cooperation in building the financial services platform and taking advantage of the Macau platform to help Chinese companies enter European Union countries through Portugal, the promotion of the construction of the Services Platform for Trade Cooperation between China and the Portuguese-speaking Countries and the Financial Services Delivery Platform between China and the Portuguese-speaking Countries. (Macauhub)

Hydroelectric project office in Mozambique starts work

The project off of Mpanda Nkuwa, a hydroelectric facility under construction on the Zambezi River in Mozambique to reinforce the amount of electricity being transported along the Tete-Maputo line, has officially started work, said the Deputy Minister of Mineral Resources and Energy, Augusto Fernando.

The deputy minister, quoted by Rádio Mozambique, also said that the Mphanda Nkuwa Hydroelectric Project Implementation Office (Gmnk) has, for now, a director and consultant who will review the whole project, designed in 2008 by several consortia.

Fernando also said that the office will focus its activity on the feasibility analysis of the project based on environmental and hydrological impact studies, among other factors, and it is expected to be able to start the construction of this project within an estimated period of five years.

President Filipe Nyusi said on August 2018 that the Mpanda Nkuwa hydroelectric facility is a “structural undertaking” and announced the end of the concession to the consortium led by Mozambican group Insitec and Brazilian construction company Camargo Corrêa, with 40% each, along with state-owned Electricidade de Moçambique (EdM).

Nyusi also said that EdM and the Cahora Bassa Hydroelectric Facility “have the capacity and technical and financial skill to structure the project, which will avoid obstruction and delay, on the one hand, and will contribute to reducing its cost because it does not involve intermediaries, on the other.” (Macauhub)

Mozambican products to continue to enter UK free of quota and customs duties

Mozambican products exported to the United Kingdom will continue to receive preferential treatment, even with the country’s departure from the European Union, under a recently signed agreement between the two countries in London.

The agreement, also signed by members of the Southern African Customs Union (SACU), namely South Africa, Botswana, Namibia, Lesotho and eSwatini (formerly Swaziland), establishes a free trade area that allows products from this group of countries access to the British market free of quotas and with exemption from customs duties.

Mozambique, along with other SACU members, in 2016 signed an Economic Partnership Agreement (EPA) with the European Union, an organisation of which the United Kingdom is still part.

The agreement signed with the United Kingdom a few days ago is a replica of the EPA that the SACU and Mozambique countries established with the European Union in 2016 and aims to ensure preferential trade between the parties following the withdrawal of the United Kingdom from the European Union. (Macauhub)

NEWS

China’s state-owned enterprises are a key force in economic and trade cooperation between China and the Portuguese-speaking countries and in the construction of the multilateral Cooperation Platform, the director-general of the Central Government Liaison Office said on Wednesday in Macau.

Fu Ziying also said that these companies should make the most of their own potential to invest more resources and should cooperate with Macau companies to strengthen cooperation for business exploration.

He said Portuguese-speaking countries should create a better business environment as well as better conditions to deepen international economic and trade cooperation by taking part in the Summit on the Construction of the Macau Trade Cooperation Services Platform between China and the Portuguese-Speaking Countries, supported by China’s Central Public Enterprises 2019.

The director-general of the Central Government Liaison Office also said that the platform allows Macau’s unique advantages to be developed as a key link to deepen international economic and trade cooperation, and is also important in the implementation of the Belt and Road initiative between China, Macau and the Portuguese-speaking countries.

“The platform is also a relevant starting point for Macau to integrate into national development and promote the diversification of its economy,” said Fu Ziying.

The Macau Chief Executive, Chui Sai On, said in his speech that, over the past decade, the MSAR Government had focused on articulating the construction of the China-Portuguese-speaking Countries Trade Cooperation Platform with the most important national strategies.

He also noted that by promoting the construction of the Belt and Road and the launch of the Guangdong-Hong Kong-Macau Greater Bay Development Planning Guidelines and the positioning of Macau as a Platform for Cooperation between China and the Portuguese-speaking Countries. (Macauhub)

The foundation stone for the construction of the housing village for people currently living in the future area of the port of Macuse was laid on Wednesday in Sopinho, Quelimane district, Zambezia province, according to Mozambican press reports.

The president of Thai Mozambique Logistic, Orlando Marques, announced at the ceremony that 63 houses will be built in the village, a health centre, a small water supply system, power grid extension, roads, boreholes, a market, and playgrounds.

Orlando Marques also said that the work is scheduled to be completed within two years and that the costs will be known only after the construction of the model house, which should happen within the next few days.

In 2013 the Government of Mozambique awarded to Thai Italthai Engineering (which owns 60% of Thai Mozambique Logistics) the concession (construction, operation and other operations) of the port and railway of Macuse, 35 kilometres north of Quelimane, the capital of the central province of Zambézia.

The 620-kilometre railway connecting Macuse to the Moatize and Chitima mines is estimated to cost US$2 billion and is designed to allow coal to be carried from Tete province in the interior of Mozambique.

Macuse’s deep-water port will be able to accommodate large draft ships that will mainly transport coal and serve landlocked countries bordering Mozambique.

The US$2.40 billion project will be carried out by a consortium of the China Machinery Engineering Corporation and Mota-Engil, and is expected to be completed in 2021, according to information released in August 2018. (Macauhub)

The 24th Macau International Fair (24th MIF) and the Portuguese-speaking Countries (Macau) 2019 (2019PLPEX) Products and Services Exhibition will coordinate and articulate with China’s development policies, closely following new international investment trends, said the president of the Macau Trade and Investment Promotion Institute (IPIM).

Organised by IPIM and co-organised by 15 economic and trade entities, and trade associations from Macau, China and Hong Kong, the theme of this edition of MIF is “Cooperation – Key to Business Opportunities.”

IPIM President Irene Lau said that the two events will take place simultaneously from 17 to 19 October and stressed that Caboe Verde and the Chinese province of Jiangsu are invited to be, respectively, the Partner Country and the Partner Province.

She also said that Cabo Verde TradeInvest, the archipelago’s investment and export promotion agency will organise and install the Caboe Verde Pavilion, which will occupy an area of 180 square metres, while Jiangsu Province Trade Department will coordinate, organise and install the Jiangsu Pavilion, which will cover an area of almost 300 square metres.

On the first day of the MIF, the Ninth Summit for Commercial and Industrial Development of Jiangsu Province, Macau and Portuguese-Speaking Countries will take place, as well as the Jiangsu–Macau–Cabo Verde Cooperation Forum, which will bring together representatives of economic and trade departments of businesses, as well as experts and academics from the three territories.

PLPEX will have an area of approximately 6,000 square metres this year, with about 250 stands and the participation of companies from the eight Portuguese-speaking countries and Lusophone products and services agents from Mainland China, Hong Kong and Macau, which will promote food, beverages, e-commerce, information technology, everyday items, handicrafts, building materials, sporting goods, as well as various theme-specific exhibition areas and thematic products.

IPIM will organise business visits from Portuguese-speaking, national, foreign and Macau businesspeople to the cities of Guangdong–Hong Kong–Macao Greater Bay, including Zhuhai and Foshan, to enable businesses, especially those from Portuguese-speaking countries to become better acquainted with the policies of the Greater Bay and the resulting development opportunities. (Macauhub)

The proposal to create the Chimoio Special Economic Zone (ZEEC), in Manica province, central Mozambique, will soon be submitted to the Council of Ministers, said the national director of industry, Mateus Matusse, quoted by daily newspaper Notícias.

Speaking recently at a meeting held in that city to present and discuss the proposal, Matusse said the ZEEC will create many jobs, as it will re-launch industrial units that have been at a standstill and encourage new domestic and foreign investments.

Among the companies that could be revitalised is Textáfrica, a textile factory that has not been operational for about 20 years and which employed more than 1,000 workers.

During the meeting, which was promoted by the Investment and Export Promotion Agency (Apiex), Mateus Matusse said that a technical office will be set up in Chimoio to analyse and grant licenses to projects in the special economic zone.

The creation of a Special Economic Zone in Chimoio was proposed by the President of the Republic, Filipe Nyusi, and, more recently, the Prime Minister, Carlos Agostinho do Rosario, met with the workers of Textáfrica to convey the desire to make Chimoio into an industrial and commercial city in the short and medium term. (Macauhub)

ENI East Africa – Mozambique Branch, a Mozambican subsidiary of Italian group ENI, plans to hire ships and waste management companies for oil and gas exploration operations in Area A5-A of the Angoche basin, northern Mozambique, according to an announcement published on Monday in the Mozambican press.

Drilling of the first hydrocarbon well in that area of Nampula province is scheduled for the first quarter of 2021, with the Italian group leading operations as it controls a 34% stake, after in March 2019 it sold a 25.5% stake to the Qatar Petroleum group.

The announcement said the company intends to hire supply services for two supply vessels to its offshore gas production platform and one optional vessel to assist operations in Area A5-A, according to daily Mozambican newspaper O País.

The ships will transport drilling materials, equipment, cargo and supplies between the port of Pemba and Area A5-A offshore drilling facilities, as well as on-site drilling platform activities.

The announcement also said that ENI East Africa – Mozambique Branch intends to hire companies for solid waste management in its operations in the Angoche and Larde block. (Macauhub)

Macau is committed to building the Trade Cooperation Services Platform between China and the Portuguese-speaking Countries, a task it was given by the central government, the Secretary for Economy and Finance said recently in Lisbon, Portugal.

Leong Vai Tac also said that this commitment translates into the support given to companies to “invest abroad” to base themselves in Portugal and to enter the market of other Portuguese-speaking countries.

The statements were made during a meeting with more than a dozen representatives of mainland China and Macaucompanies investing in Portugal, as well as Portuguese companies investing in Macau.

The Secretary for Economy and Finance said that Hong Kong and Macau have unique advantages in the construction of Guangdong-Hong Kong-Macau Greater Bay and that the Sino-Lusophone Macau platform plays an important role in the development of the Greater Bay.

This development, Leong Vai Tac said, follows three trajectories – Chinese companies going to Portugal via the Macau platform, then from there to the European Union, going to Brazil through the same platform, and then to Latin America and also through Macau, entering Africa.

The secretary also held meetings with the Governor of the Bank of Portugal, Carlos da Silva Costa, and Euronext Lisbon director Isabel Ucha, as well as with other personalities, to exchange views on various topics.

Among the topics discussed were the strengthening of economic and trade exchanges between Portugal and Macau, cooperation in building the financial services platform and taking advantage of the Macau platform to help Chinese companies enter European Union countries through Portugal, the promotion of the construction of the Services Platform for Trade Cooperation between China and the Portuguese-speaking Countries and the Financial Services Delivery Platform between China and the Portuguese-speaking Countries. (Macauhub)

The project off of Mpanda Nkuwa, a hydroelectric facility under construction on the Zambezi River in Mozambique to reinforce the amount of electricity being transported along the Tete-Maputo line, has officially started work, said the Deputy Minister of Mineral Resources and Energy, Augusto Fernando.

The deputy minister, quoted by Rádio Mozambique, also said that the Mphanda Nkuwa Hydroelectric Project Implementation Office (Gmnk) has, for now, a director and consultant who will review the whole project, designed in 2008 by several consortia.

Fernando also said that the office will focus its activity on the feasibility analysis of the project based on environmental and hydrological impact studies, among other factors, and it is expected to be able to start the construction of this project within an estimated period of five years.

President Filipe Nyusi said on August 2018 that the Mpanda Nkuwa hydroelectric facility is a “structural undertaking” and announced the end of the concession to the consortium led by Mozambican group Insitec and Brazilian construction company Camargo Corrêa, with 40% each, along with state-owned Electricidade de Moçambique (EdM).

Nyusi also said that EdM and the Cahora Bassa Hydroelectric Facility “have the capacity and technical and financial skill to structure the project, which will avoid obstruction and delay, on the one hand, and will contribute to reducing its cost because it does not involve intermediaries, on the other.” (Macauhub)

Mozambican products exported to the United Kingdom will continue to receive preferential treatment, even with the country’s departure from the European Union, under a recently signed agreement between the two countries in London.

The agreement, also signed by members of the Southern African Customs Union (SACU), namely South Africa, Botswana, Namibia, Lesotho and eSwatini (formerly Swaziland), establishes a free trade area that allows products from this group of countries access to the British market free of quotas and with exemption from customs duties.

Mozambique, along with other SACU members, in 2016 signed an Economic Partnership Agreement (EPA) with the European Union, an organisation of which the United Kingdom is still part.

The agreement signed with the United Kingdom a few days ago is a replica of the EPA that the SACU and Mozambique countries established with the European Union in 2016 and aims to ensure preferential trade between the parties following the withdrawal of the United Kingdom from the European Union. (Macauhub)

rfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-sliderfwbs-slide