Monthly Archives: May 2016

Angola receives investment proposals of 30 billion Dollars in seven months

31/05/2016 source “MacauHub” The Private Investment Technical Unit (Unidade Técnica de Investimento Privado-UTIP) of Angola received since its inception seven months ago, investment proposals valued at about 30 billion Dollars. The announcement was made by Norberto Garcia, Director General of that entity, who recalled that the investments approved during these seven months summed an amount…

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The (large) ambitions of São Tomé and Príncipe in infrastructure

27/06/2016 source “Jeune Afrique” A deep water port and an international airport that worth its name? They are expected very soon. No more playing with thumbnails: to stimulate its economy, the archipelago thinks big. In Fernão Dias, in the north of the island of São Tome, about 30 km from the capital is being built…

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Extraction of natural gas in Mozambique will likely start in 2021

25/05/2016 source “Indian Times” The beginning of the extraction of natural gas in the block Area 1, at north of Mozambique, in which Indian companies have a joint source of the problem is the sharp drop in natural liquified gas prices over the past two years, following to an oversupply that left both sellers and…

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The Panama Canal opens projects to Spain of 3,150 million Euros

25/05/2016 source “La Razón” and “Prensa” Seven years after starting works, the United Group consortium Canal (GUPC), led by the Spanish company Sacyr with 41,6% of the capital, concluded the works to expand the Panamanian ocean route. The end of the Panama Canal expansion project opens a “new horizon” of investment for Spanish companies in…

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ACS gets new 235 million Euro contract in Abu Dhabi

24/05/2016 source “OK Diario” It was awarded to ACS, through its engineering subsidiary Intecsa Industrial, a new “turnkey” contract in Abu Dhabi, United Arab Emirates, according to the information released by the group chaired by Florentino Perez. Abu Dhabi Oil Refining Company (Takreer), a subsidiary of Abu Dhabi National Oil Company (ADNOC) was the entity…

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Pampa Energia will initiate an exchange of Argentina Petrobras shares

23/05/2016 source “América Economía” The Argentine group Pampa Energia said last Friday, in a note sent to the National Securities Commission (CNV), that will launch a public offering of compulsory acquisition in cash and a voluntary exchange of Petrobras Argentina shares for shares of the company. The offer is directed to all holders of ordinary…

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Sonangol is left alone to operate offshore block in Angola

23/05/2016 source “Dinheiro Vivo” The state company of the Angolan oil sector has been the only to integrate the production sharing contract of the block 23, in deep water, with the output of two Nordic companies. The information consists of two executive decrees, both of 13 May and signed by the Angolan Minister of the…

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Funders announced 15,4 billion Dollars for Ivory Coast

18/05/2016 source “Jeune Afrique” Met in Paris with lenders to finance the National Development Plan of the Ivory Coast, the Ivorian Prime Minister received almost the double of the amount requested. This result owes much to the progress made by the country since the crisis of 2011. As four years ago, a delegation from Ivory…

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Awarded to CIMIC and CAF the first phase of the light rail of Canberra

17/05/2016 source “Expansión” The subsidiary of ACS CIMIC, in the consortium in which also takes part the Spanish company CAF, achieved the first phase of the light train of the Australian capital. CIMIC was awarded the first phase of light rail of Canberra (Australia), which will generate 388 million Euros in profit for the group.…

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YPF from Argentina will invest 200 million Dollars to build a wind farm

15/05/2016 source “America Economia” The Argentine state oil company YPF will build a wind farm of 100 MW in Mantiales bher field, located in the province of Chubut (the Department of Escalante), 40 kilometers northwest of the city of Comodoro Rivadavia, which requires an investment of 200 million Dollars. The project will be developed by…

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IMF warns United Kingdom of danger in case of leaving the EU

14/05/2016 source “América Economía” The director of the International Monetary Fund (IMF), Christine Lagarde, warned that if Britain leaves the European Union (EU) as the result of the referendum of next June 23, the country could suffer a sharp decline in the stock market and in the housing prices. The evaluation, which is held each…

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Renewable hit records: in Germany led to negative prices

12/05/2016 source “Dinheiro Vivo” On Sunday May 8, renewable energy production in Germany reached a peak so high that made the market prices of buying and sale of energy go down to negative values, specifically for least 124 Euros per megawatt/hour consumed. “It is clearly an exception. This almost never happens. It’s like sales to…

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Energy projects in Angola at a cost of 29 billion Dollars

05/10/2016 source “MacauHub” The projects of energy and water supply in Angola have an estimated cost of 29 billion Dollars until 2025, said the Minister of Energy and Water, João Baptista Borges. The minister pointed out that, considering the large size of the resources required to perform all the projects in portfolio, “it is necessary…

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EDP Renewable earns 75 million Euros until March 2016

04/05/2016 source “Expansión” The company EDP Renewable obtained during the first three months of 2016 a net profit of 75 million Euros, equivalent to an increase of 32% compared to the same period of last year. In a statement sent to the Portuguese Securities Market Commission (CMVM), the company – based in Spain although prized…

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Greenpeace calls for suspension of negotiations of the Free Trade and Investment Agreement (TTIP) between the US and the EU

03/05/2016 source “DN” Greenpeace revealed over two hundred confidential documents relating to negotiations between the United States and the European Union on the Free Trade Agreement and Investment (TTIP). According to the environmental organization, 248 pages refer to the draft of the free trade agreement and “confirm threats to public health, environment and climate”. The…

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The Panamanian financial system will be evaluated

30/04/2016 source “Prensa Latina” The Panamanian government created today a National and International Expert Independent Committee and to evaluate the practices of the financial system, an act that is part of the initiatives to reverse the country’s image after the controversy of “Panama Papers”. The Panamanian president, Juan Carlos Varela, said the country should “continue…

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