Trade between China and the Portuguese language nations fell 25.36 % year-on-year to US$21.733 billion in the initial quarter of the year, indicate figures from the Chinese Customs Government released in Macau.
In the initial three months of the year China sold goods worth US$10.617 billion (+7.59 %) to the eight Portuguese language nations and bought merchandise worth US$11.115 billion (-42.25 %).
Following on from partnerships and dual listings with a number of African capital markets, the London Stock Exchange (LSE) is looking to foster dual listings with the West African regional exchange.
“We are looking to attract and encourage dual listings,” Ibukun Adebayo, co-chief of emerging markets at the LSE Group, tells This Is Africa during an event on west African capital markets.
“Listing with the LSE provides profile and additional liquidity in nations promoting dual listings.”
The minister of Defence and Parliamentary Affairs of Cape Verde, Rui Semedo expressed Tuesday, in Luanda, on behalf of his government faithful thanks for the gesture of solidarity of Angola to his country, next the last Volcanic eruptions that hit the island of Fogo.
Rui Semedo, who was speaking at the opening ceremony of the talks between Angola and Cape Verde, in the field of defense, in Luanda, said the gesture was recorded with great satisfaction by the Cape Verdean country.
"It was a gesture that came at a good time and above all a lot of quick response, because Angola was one of the nations that supported Cape Verde as this calamity caused considerable damage and displaced populations," said the Cape Verdean official.
- Key Facts
Ambassador : H.E Julio MoraisFull name: The Republic of Cape Verde
Population: 501,000 (UN, 2011)
Area: 4,033 sq km (1,557 sq miles)
Major languages: Portuguese, Crioulo (a mixture of archaic Portuguese and African words)
Major religions: Christianity
Life expectancy: 71 years (men), 78 years (women) (UN)
Monetary unit: 1 Cape Verdean escudo = 100 centavos
Main exports: Shoes, clothes, fish, bananas, hides, pozzolana (volcanic rock, used to make cement)
GNI per capita: US $3,270 (World Bank, 2010)
Internet domain: .cv
International dialling code: +238
The organization Street Child estimates that around 12,000 children have been orphaned by Ebola in Sierra Leone. Khadi Mansaray sat down with founder and CEO Tom Dannant to discuss how the organization has adapted its model to address the needs of these children, and the challenges that remain.
At the same time as a statement by the world’s most influential development agency provides evidence that a lot of of its staff are “biased” in their perceptions of the poor and their needs, one may expect eyebrows to be raised. At the same time as the president of that institution — the World Bank, no less — acknowledges the flaw and goes on to call for “measures to mitigate these biases, such as additional rigorously diagnosing the mindsets of the people we are trying to help”, jaws should be dropping.
The World Bank has cut its estimate for world increase, warning that the world economy remained overly reliant on the “single engine” of the US recovery.
The Bank said it expected lower oil prices to provide a boost to world activity. But it warned several headwinds would mitigate the result of the falling cost of crude. These include weak confidence part consumers and businesses and the inability of large central banks to cut interest rates below their record-low levels to boost inflation expectations.
The re-opening of the Benguela railway in 2014 will remain as China’s flagship project in Angola, but as well as a symbol of a year in which the relationship between China and Portuguese-speaking nations continued to increase.
Chinese ties with Angola, Mozambique and Cabo Verde (Cape Verde) involve Macau and Portugal, which in 2014 saw Chinese investment in the country rise to 10 billion euros, with several new deals expected in 2015, this time in the financial sector.
Economic and trade cooperation between China and the Portuguese-speaking nations will be deepened, Chinese Vice Premier Wang Yang guaranteed on Tuesday in Macau, announcing an eight-point plan with specific measures to be implemented between 2014 and 2016.
In the opening speech of the fourth Ministerial Conference of Forum Macau, Wang said that the initial of those measures would be the Chinese government’s granting of subsidised loans worth 1.8 billion yuan (US$293 million) to the Portuguese-speaking African and Asian Forum member nations.
The ECOWAS Commission is irrevocably committed to working for free, equitable and credible elections in Member States with a view to entrenching democracy, good governance and facilitating regional integration and development, the President of the Commission, Kadre Desire Ouedraogo, has said.
The climate is temperate with warm and dry summer; precipitation meager and very erratic.
Cape Verde to remain part the majority stable nations in Africa in 2012-13. Next internationally acclaimed presidential and parliamentary elections in 2011-which have led to a system of cohabitation with a parliamentary majority for the Partido Africano da Independência de Cabo Verde (PAICV) but the presidency held by Jorge Carlos Fonseca from the Movimento para a Democracia (MPD)-the country is presently moving towards municipal elections in May and June.
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