NEWS

Keda Industrial borrows US$33.5 mln for Mozambican factory

The International Finance Corporation (IFC), an arm of the World Bank, is lending the African subsidiary of Chinese manufacturer Keda Industrial Co. Ltd US$33.5 million to build a factory in Mozambique for making ceramic tiles, the parent company says.

Keda Industrial told the Shanghai Stock Exchange in writing that the money is part of US$165 million that the IFC is lending the subsidiary for seven years to build factories in Mozambique, Cameroon and the Democratic Republic of Congo to make ceramic tiles for the African construction industry.

The parent company says it already has tile factories in Ghana, Kenya, Senegal and Tanzania.

Annual sales outside China of ceramics made by Keda Industrial for the construction industry grew by 31.3 percent last year to 1.06 billion yuan (about US$150 million), and the margin of gross profit on that revenue was over 30 percent, the company told the stock exchange.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/keda-industrial-borrows-us33-5-mln-for-mozambican-factory/

China among top three Mozambican trading partners in 2020Q1

Official figures indicate that the value of Sino-Mozambican trade was US$204.4 million in the first quarter of this year, making China the third-biggest trading partner of Mozambique.

A document published by the Mozambican National Statistics Institute says China was the source of 8.5 percent of Mozambican imports in the first quarter, or US$161.5 million worth, tyres and automobiles accounting for most of that sum.

China was the destination of 4.3 percent of Mozambican exports, or US$42.9 million worth, minerals such as coal predominating.

The value of all Mozambican imports rose to US$1.9 billion in the first quarter, or 9 percent more than a year earlier, while the value of all Mozambican exports fell to US$999.1 million, or 21.9 percent less, the National Statistics Institute document says.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/china-among-top-three-mozambican-trading-partners-in-2020q1/

Web promotion of business opportunities in Portuguese-speaking countries to begin next month

An eight-month web promotion campaign on business opportunities in Portuguese-speaking countries, co-sponsored by the Macao Trade and Investment Promotion Institute and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries, will be launched next month.

Starting from July till February 2021, the campaign will feature one Portuguese-speaking country each month, showcasing the latest trade and commercial information of Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal, Sao Tome and Principe, as well as Timor-Leste.

The web campaign will offer video clips and infographics on the business and cultural environments of the above-mentioned Portuguese-speaking countries. Representatives of the eight Portuguese-speaking countries will also answer online questions about the trade and investment trends of their respective countries.

For more information please visit: www.ipim.gov.mo; www.youtube.com/macaoipim; and www.platformchinaplp.mo.
(Macao Trade and Investment Promotion Institute)

Government Information Bureau:
https://news.gov.mo/detail/zh-hant/N20FZKhLiq?0 (in Chinese)

Huawei helping Mozambican university set up ICT academy

Universidade Pedagógica in Maputo and Huawei Technologies Co. Ltd of China are setting up a Huawei Information and Communications Technology Academy at the university, Jornal de Notícias reports.

The Mozambican newspaper says a videoconference attended by Dean Jorge Ferrão of Universidade Pedagógica and Wu Ku, the executive director of the Huawei subsidiary in Mozambique, was told that the academy is due to open in the first half of next year.

The report quotes Mr Ferrão as saying his university will use computer equipment donated by Huawei to set up a network laboratory for the academy.

Huawei is eager to open the academy to train young Mozambicans in ICT, the report quotes Mr Wu as saying.

The academy is the outcome of a partnership Huawei and Universidade Pedagógica formed in 2018 for the purpose of training at least 20 Universidade Pedagógica students a year in ICT, Jornal de Notícias says.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/huawei-helping-mozambican-university-set-up-ict-academy/

China donates medical paraphernalia to Maputo hospital

The Chinese Defence Ministry is helping Mozambique counter the Covid-19 pandemic by giving the Maputo Military Hospital a shipment of medical paraphernalia, Lusa reports.

The Portuguese news agency says the donation handed over on Wednesday includes 13 tonnes of protective gear such as gloves and masks, along with thermometers and 60 boxes of other equipment to increase the capability of the hospital.

The Chinese Defence Ministry hopes its efforts can help improve the medical service of the Mozambican armed forces and so make it better able to counter Covid-19, Lusa quotes the military attaché at the Chinese Embassy in Maputo, Brigadier Zhou Zhe, as saying.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/china-donates-medical-paraphernalia-to-maputo-hospital/

Macao banks to use MPI automatic translation system

The Macau Association of Banks signed on Wednesday a cooperation protocol to let its members use the system developed by the Macao Polytechnic Institute (MPI) for automatically translating Chinese into Portuguese and vice-versa, MPI says.

A written announcement by MPI quotes the head of the banking association, Ip Sio Kai, as saying the use of the system is meant to help Macao banks facilitate more business between China and the Portuguese-speaking world.

Mr Ip said the development of the Guangdong-Hong Kong-Macao Greater Bay Area would mean more frequent exchanges by financial institutions in Macao and lusophone countries.

Mr Ip’s association will offer scholarships to Macao students to do research into translating Chinese, Portuguese and English into each other automatically, the announcement quotes MPI President Marcus Im Sio Kei as saying.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/macao-banks-to-use-mpi-automatic-translation-system/

Mozambique, China discussing money to restart work on dam

Representatives of the Mozambican and Chinese authorities have begun talks on financing the resumption of work on the Moamba Major Dam in southern Mozambique, Jornal Notícias reports, quoting Mozambican Public Works, Housing and Water Resources Minister João Machatine.

The negotiations between the Mozambican Ministry of the Economy and Finance, and the state-owned Export–Import Bank of China are going well, the Mozambican newspaper quotes Mr Machatine as saying.

In 2018 the Portuguese news agency, Lusa, reported that Brazilian contractor Andrade Gutierrez had suspended work on the dam two years earlier, after the state-owned Development Bank of Brazil stopped financing the project, which was due to cost US$700 million.

The dam is intended to contain a reservoir which will serve a 15MW hydroelectric power station and supply the province of Maputo with 760 million cubic meters of water a year.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/mozambique-china-discussing-money-to-restart-work-on-dam/

Macao Polytechnic Institute and The Macau Association of Banks Sign Protocol on Machine Translation System for ‘Finance + Technology’ Development

In order to demonstrate Macao’s advantages as the Sino-Portuguese financial service platform and boost industry-academia development in higher education, on 10 June 2020, the Macao Polytechnic Institute (MPI) and The Macau Association of Banks (ABM) signed the Cooperation Protocol on the ‘Chinese-Portuguese/Portuguese-Chinese Official Document Translation System’ and the Protocol on ‘The Macau Association of Banks Scholarship’. Both parties will strengthen mutual cooperation, jointly cultivate youth talents in interdisciplinary technological innovation, promote financial cooperation between Macao and Portuguese-speaking countries, and facilitate the development of Macao’s ‘finance + technology’ and ‘Sino-Portuguese platform’.

The signing ceremony of the cooperation protocols was held in the afternoon on 10 June at MPI. Im Sio Kei, President of Macao Polytechnic Institute and Ip Sio Kai, Chairman of The Macau Association of Banks signed the protocols on behalf of both parties. Im expressed, ‘The Institute is dedicated to promoting the development of industry-academia collaboration. In December last year, the first engineering research centre of the Ministry of Education in Hong Kong and Macao – “Engineering Research Centre of Applied Technology on Machine Translation and Artificial Intelligence, Ministry of Education” – was established to develop artificial intelligence and machine translation application products and services with independent intellectual property rights and core technologies.’ He introduced the “Chinese-Portuguese/Portuguese-Chinese Official Document Translation System”, which is ‘an auxiliary translation system for Chinese-Portuguese official documents based on the industry-leading neural network machine translation technology. It is designed to assist translators in the translation of Chinese/Portuguese documents, thereby improving work efficiency. The system has been applied to many government departments and organisations and has greatly improved the speed and accuracy of the translators. It has been well received due to the increase in administrative effectiveness.’ Im thanked ABM for setting up the scholarship with the aim of encouraging excellent students to engage in Chinese-Portuguese-English machine translation research, cultivating youth talents in interdisciplinary technological innovation, and promoting the development and transfer of a greater number of scientific research achievements.

Ip Sio Kai expressed, ‘ABM and the Macao banking industry are highly cooperative in the series of policies about modern financial industry development by the SAR Government, and strive to build a financial service platform between China and Portuguese-speaking countries. Last year, ABM and its counterparts in Guiné-Bissau, Mozambique, Portugal, and São Tomé and Príncipe jointly signed the “Proposal on Promoting the Cooperation between Commercial Banks in Macao and Portuguese-Speaking Countries”, which strengthened the financial cooperation between Macao and Portuguese-speaking countries. In addition, in conjunction with the Policy Address by the new SAR Government this year and Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the Sino-Portuguese financial service platform is going to be developed with high speed under the new expectations of Macao financial development. This also means more frequent financial exchanges with Portuguese-speaking countries in the future.’ Ip indicated, ‘Through the signing of the cooperation protocol with the Macao Polytechnic Institute, the promotion of using Macao’s “finance + technology” service will be conducive to the dissemination of Macao and the Mainland’s latest financial development information. The relevant information can be effectively disseminated to financial organisations in Portuguese-speaking countries, thus strengthening the connections of financial cooperation with Portuguese-speaking countries. ABM will make good use of this system to match up more opportunities for financial cooperation with Portuguese-speaking countries for the Macao banking industry, and further promote the functions and role of the Sino-Portuguese financial service platform.’

At the ceremony, the MPI researchers introduced the ‘Chinese-Portuguese/Portuguese-Chinese Official Document Translation System’ and the latest scientific research achievements to the guests. Au Ieong Iu Kong, Vice-Chairman; Ieong Kim Man, Representative of Vice-Chairman Bank; Sio Ng Kan, Director-General; Loi Weng Kei, Secretary-General, representatives from ABM; and Lei Vai Fong, Secretary-General; Tse Tan Sim, Director of the School of Applied Sciences; Huang Guihai, Director of the School of Business; Lam Ieng Kit, Head of the Administration and Finance Department; Lam Chan Tong, Programme Coordinator of Computing; Tang Su Kit, Programme Coordinator of the PhD in Computer Applied Technology, representatives from MPI, attended and witnessed the signing of the protocols.
(Macao Polytechnic Institute)

Government Information Bureau:
https://news.gov.mo/detail/en/N20FJFCqpu?1

NEWS

The International Finance Corporation (IFC), an arm of the World Bank, is lending the African subsidiary of Chinese manufacturer Keda Industrial Co. Ltd US$33.5 million to build a factory in Mozambique for making ceramic tiles, the parent company says.

Keda Industrial told the Shanghai Stock Exchange in writing that the money is part of US$165 million that the IFC is lending the subsidiary for seven years to build factories in Mozambique, Cameroon and the Democratic Republic of Congo to make ceramic tiles for the African construction industry.

The parent company says it already has tile factories in Ghana, Kenya, Senegal and Tanzania.

Annual sales outside China of ceramics made by Keda Industrial for the construction industry grew by 31.3 percent last year to 1.06 billion yuan (about US$150 million), and the margin of gross profit on that revenue was over 30 percent, the company told the stock exchange.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/keda-industrial-borrows-us33-5-mln-for-mozambican-factory/

Official figures indicate that the value of Sino-Mozambican trade was US$204.4 million in the first quarter of this year, making China the third-biggest trading partner of Mozambique.

A document published by the Mozambican National Statistics Institute says China was the source of 8.5 percent of Mozambican imports in the first quarter, or US$161.5 million worth, tyres and automobiles accounting for most of that sum.

China was the destination of 4.3 percent of Mozambican exports, or US$42.9 million worth, minerals such as coal predominating.

The value of all Mozambican imports rose to US$1.9 billion in the first quarter, or 9 percent more than a year earlier, while the value of all Mozambican exports fell to US$999.1 million, or 21.9 percent less, the National Statistics Institute document says.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/china-among-top-three-mozambican-trading-partners-in-2020q1/

An eight-month web promotion campaign on business opportunities in Portuguese-speaking countries, co-sponsored by the Macao Trade and Investment Promotion Institute and the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries, will be launched next month.

Starting from July till February 2021, the campaign will feature one Portuguese-speaking country each month, showcasing the latest trade and commercial information of Angola, Brazil, Cape Verde, Guinea Bissau, Mozambique, Portugal, Sao Tome and Principe, as well as Timor-Leste.

The web campaign will offer video clips and infographics on the business and cultural environments of the above-mentioned Portuguese-speaking countries. Representatives of the eight Portuguese-speaking countries will also answer online questions about the trade and investment trends of their respective countries.

For more information please visit: www.ipim.gov.mo; www.youtube.com/macaoipim; and www.platformchinaplp.mo.
(Macao Trade and Investment Promotion Institute)

Government Information Bureau:
https://news.gov.mo/detail/zh-hant/N20FZKhLiq?0 (in Chinese)

Universidade Pedagógica in Maputo and Huawei Technologies Co. Ltd of China are setting up a Huawei Information and Communications Technology Academy at the university, Jornal de Notícias reports.

The Mozambican newspaper says a videoconference attended by Dean Jorge Ferrão of Universidade Pedagógica and Wu Ku, the executive director of the Huawei subsidiary in Mozambique, was told that the academy is due to open in the first half of next year.

The report quotes Mr Ferrão as saying his university will use computer equipment donated by Huawei to set up a network laboratory for the academy.

Huawei is eager to open the academy to train young Mozambicans in ICT, the report quotes Mr Wu as saying.

The academy is the outcome of a partnership Huawei and Universidade Pedagógica formed in 2018 for the purpose of training at least 20 Universidade Pedagógica students a year in ICT, Jornal de Notícias says.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/huawei-helping-mozambican-university-set-up-ict-academy/

The Chinese Defence Ministry is helping Mozambique counter the Covid-19 pandemic by giving the Maputo Military Hospital a shipment of medical paraphernalia, Lusa reports.

The Portuguese news agency says the donation handed over on Wednesday includes 13 tonnes of protective gear such as gloves and masks, along with thermometers and 60 boxes of other equipment to increase the capability of the hospital.

The Chinese Defence Ministry hopes its efforts can help improve the medical service of the Mozambican armed forces and so make it better able to counter Covid-19, Lusa quotes the military attaché at the Chinese Embassy in Maputo, Brigadier Zhou Zhe, as saying.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/china-donates-medical-paraphernalia-to-maputo-hospital/

The Macau Association of Banks signed on Wednesday a cooperation protocol to let its members use the system developed by the Macao Polytechnic Institute (MPI) for automatically translating Chinese into Portuguese and vice-versa, MPI says.

A written announcement by MPI quotes the head of the banking association, Ip Sio Kai, as saying the use of the system is meant to help Macao banks facilitate more business between China and the Portuguese-speaking world.

Mr Ip said the development of the Guangdong-Hong Kong-Macao Greater Bay Area would mean more frequent exchanges by financial institutions in Macao and lusophone countries.

Mr Ip’s association will offer scholarships to Macao students to do research into translating Chinese, Portuguese and English into each other automatically, the announcement quotes MPI President Marcus Im Sio Kei as saying.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/macao-banks-to-use-mpi-automatic-translation-system/

Representatives of the Mozambican and Chinese authorities have begun talks on financing the resumption of work on the Moamba Major Dam in southern Mozambique, Jornal Notícias reports, quoting Mozambican Public Works, Housing and Water Resources Minister João Machatine.

The negotiations between the Mozambican Ministry of the Economy and Finance, and the state-owned Export–Import Bank of China are going well, the Mozambican newspaper quotes Mr Machatine as saying.

In 2018 the Portuguese news agency, Lusa, reported that Brazilian contractor Andrade Gutierrez had suspended work on the dam two years earlier, after the state-owned Development Bank of Brazil stopped financing the project, which was due to cost US$700 million.

The dam is intended to contain a reservoir which will serve a 15MW hydroelectric power station and supply the province of Maputo with 760 million cubic meters of water a year.

(Source) Permanent Secretariat to the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao):
https://www.forumchinaplp.org.mo/mozambique-china-discussing-money-to-restart-work-on-dam/

In order to demonstrate Macao’s advantages as the Sino-Portuguese financial service platform and boost industry-academia development in higher education, on 10 June 2020, the Macao Polytechnic Institute (MPI) and The Macau Association of Banks (ABM) signed the Cooperation Protocol on the ‘Chinese-Portuguese/Portuguese-Chinese Official Document Translation System’ and the Protocol on ‘The Macau Association of Banks Scholarship’. Both parties will strengthen mutual cooperation, jointly cultivate youth talents in interdisciplinary technological innovation, promote financial cooperation between Macao and Portuguese-speaking countries, and facilitate the development of Macao’s ‘finance + technology’ and ‘Sino-Portuguese platform’.

The signing ceremony of the cooperation protocols was held in the afternoon on 10 June at MPI. Im Sio Kei, President of Macao Polytechnic Institute and Ip Sio Kai, Chairman of The Macau Association of Banks signed the protocols on behalf of both parties. Im expressed, ‘The Institute is dedicated to promoting the development of industry-academia collaboration. In December last year, the first engineering research centre of the Ministry of Education in Hong Kong and Macao – “Engineering Research Centre of Applied Technology on Machine Translation and Artificial Intelligence, Ministry of Education” – was established to develop artificial intelligence and machine translation application products and services with independent intellectual property rights and core technologies.’ He introduced the “Chinese-Portuguese/Portuguese-Chinese Official Document Translation System”, which is ‘an auxiliary translation system for Chinese-Portuguese official documents based on the industry-leading neural network machine translation technology. It is designed to assist translators in the translation of Chinese/Portuguese documents, thereby improving work efficiency. The system has been applied to many government departments and organisations and has greatly improved the speed and accuracy of the translators. It has been well received due to the increase in administrative effectiveness.’ Im thanked ABM for setting up the scholarship with the aim of encouraging excellent students to engage in Chinese-Portuguese-English machine translation research, cultivating youth talents in interdisciplinary technological innovation, and promoting the development and transfer of a greater number of scientific research achievements.

Ip Sio Kai expressed, ‘ABM and the Macao banking industry are highly cooperative in the series of policies about modern financial industry development by the SAR Government, and strive to build a financial service platform between China and Portuguese-speaking countries. Last year, ABM and its counterparts in Guiné-Bissau, Mozambique, Portugal, and São Tomé and Príncipe jointly signed the “Proposal on Promoting the Cooperation between Commercial Banks in Macao and Portuguese-Speaking Countries”, which strengthened the financial cooperation between Macao and Portuguese-speaking countries. In addition, in conjunction with the Policy Address by the new SAR Government this year and Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the Sino-Portuguese financial service platform is going to be developed with high speed under the new expectations of Macao financial development. This also means more frequent financial exchanges with Portuguese-speaking countries in the future.’ Ip indicated, ‘Through the signing of the cooperation protocol with the Macao Polytechnic Institute, the promotion of using Macao’s “finance + technology” service will be conducive to the dissemination of Macao and the Mainland’s latest financial development information. The relevant information can be effectively disseminated to financial organisations in Portuguese-speaking countries, thus strengthening the connections of financial cooperation with Portuguese-speaking countries. ABM will make good use of this system to match up more opportunities for financial cooperation with Portuguese-speaking countries for the Macao banking industry, and further promote the functions and role of the Sino-Portuguese financial service platform.’

At the ceremony, the MPI researchers introduced the ‘Chinese-Portuguese/Portuguese-Chinese Official Document Translation System’ and the latest scientific research achievements to the guests. Au Ieong Iu Kong, Vice-Chairman; Ieong Kim Man, Representative of Vice-Chairman Bank; Sio Ng Kan, Director-General; Loi Weng Kei, Secretary-General, representatives from ABM; and Lei Vai Fong, Secretary-General; Tse Tan Sim, Director of the School of Applied Sciences; Huang Guihai, Director of the School of Business; Lam Ieng Kit, Head of the Administration and Finance Department; Lam Chan Tong, Programme Coordinator of Computing; Tang Su Kit, Programme Coordinator of the PhD in Computer Applied Technology, representatives from MPI, attended and witnessed the signing of the protocols.
(Macao Polytechnic Institute)

Government Information Bureau:
https://news.gov.mo/detail/en/N20FJFCqpu?1

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