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MAP - Une diplomate marocaine décroche la première place lors d'une compétition onusienne sur les droits de l’Homme
Nations-Unies( New York ) - 11 décembre 2019 -(MAP)- Le Secrétaire général des Nations Unies,António Guterres, ...
ANA-MPA - Germany donates beds, sheets and blankets for 10,000 refugees in Greece
Germany sent to Athens recently a total of 55 trucks of winter provisions to help refugees face the winter, ...
ATA - Top historical level/FDI increased by 7.3% in first 9-months of 2019
TIRANA,December 11/ATA/-The Foreign Direct Investment in Albania increased by 7.3% for the 9-month period of 2019, hitting 810 million Euros....
NNA - الشارقة تتسلم راية ضيف شرف معرض المكسيك للكتاب فيل 2020
وطنية - الشارقة - تسلمت إمارة الشارقة رسميا راية ضيف شرف معرض المكسيك للكتاب "فيل" 2020 لتكون ممثلة للثقافة العربية والإماراتية في القارة اللاتينية، وذلك خلال حفل تسليم نقلت فيه...
MAP - Rabat: Vibrant hommage à l'écrivain et journaliste Mohamed Seddik Maâninou
Rabat-11 décembre 2019-(MAP)-L'agence marocaine de presse(MAP) a organisé, mardi à son siège à Rabat, et en coopération avec la Confrérie...
MAP - Morocco’s Employers Association, Hong Kong General Chamber of Commerce Strengthen Cooperation
Casablanca - December 11, 2019 - (MAP) -A memorandum of understanding (MoU) was signed Tuesday in Casablanca between Morocco’s Employers...
ATA - 'Mother Teresa' airport, passenger influx increased by 20%
TIRANA, December 11/ATA/- The Civil Aviation Authority reported that 271 589 passengers flew to and from “Mother Teresa” International Airport...
MAP - Le modèle chinois émerge comme une source d'inspiration pour les pays en développement
Rabat - 11 décembre 2019 - (MAP) - Les pays en développement sont appelés à s'inspirer du modèle chinois ...
MAP - L’exposition itinérante 'Nouvelle génération, la bande dessinée arabe' s'ouvre mardi à Rabat
Rabat - 11 décembre 2019 - (MAP) -L'exposition itinérante "Nouvelle génération, la bande dessinée arabe" s'est ouverte, mardi à Rabat,...
NNA - خريج الهندسة في اللبنانية حسن اسماعيل فاز بجائزة أفضل مشروع في بروكسل
وطنية - حصل الطالب حسن اسماعيل، خريج كلية الهندسة - الفرع الثالث في الجامعة اللبنانية - اختصاص هندسة مدنية، على جائزة أفضل مشروع تخرج (ماستر 2018 - 2019) في مدينة...
MAP - Dakhla Receives in Brussels 2020 Euro-Mediterranean city of Sport Award
Brussels -December 11,2019- (MAP) -The Moroccan city of Dakhla received, Tuesday evening in Brussels, the award of the 2020 Euro-Mediterranean...
MAP - Célébration à Genève du 1er anniversaire de l'adoption du Pacte de Marrakech sur les migrations
Genève - 11 décembre 2019 - (MAP) -Une cérémonie marquant la célébration du 1er anniversaire de l'adoption du Pacte mondial...
ANA-MPA - Greek exports to exceed 35 billion euros this year, survey says
Greek exports will exceed 35 billion euros in value in 2019,while a goal of reaching 40 billion euros by 2021...
ATA - Non-performing loans close to single digit level
TIRANA,Dec10/ATA/Non-performing loans have dropped to 10,2% of the total hitting an all time low in a period of 10 years....
MAP - Académie du Royaume : Hommage posthume à Mohamed Benchrifa, éminent savant et professeur de la littérature andalouse
Rabat - 11 décembre 2019 - (MAP) - Les membres de l'Académie du Royaume du Maroc...
MAP - 7ème édition du Grand prix national de la presse: La journaliste Nezha Boulenda remporte le prix de l'agence
Rabat - 11 décembre 2019 - (MAP)- La journaliste Nezha Boulenda de l'Agence marocaine de presse (MAP)...
CNA - ألمانيا تعرب عن تضامنها مع قبرص واليونان بشأن مذكرة التفاهم بين ليبيا وتركيا
وكالة الأنباء القبرصية - t/المانيا/ برلين - بانتيليس فلاسوبولوس
نقل مسؤولون من المستشارية والخارجية الألمانية اليوم الأربعاء تضامن الحكومة الألمانية مع اليونان وقبرص فيما يتعلق بمذكرة التفاهم الأخيرة الموقعة بين تركيا...
Lusa - Business News - Angola: United Arab Emirates signs agreement to expand Luanda airport
Luanda, Dec. 11,2019 (Lusa) – Angola’s transport minister, Ricardo Viegas D'Abreu, signed a memorandum of understanding in Dubai on Wednesday...
Lusa - Business News - Angola: Country needs 10,000 sugarcane producers to reduce imports
Luanda, Dec.11,2019 (Lusa) - The Angolan government on Wednesday said that the country needs 10,000 sugar cane producers to reduce...
CNA - وزير الدفاع: التدريبات مع فرنسا وايطاليا تؤكد حقوق قبرص السيادية في منطقتها الاقتصادية الخالصة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قال وزير الدفاع سافاس أنجيليديس يوم الأربعاء أن جمهورية قبرص تواصل تعاونها مع دول مثل فرنسا وإيطاليا. تحدث الوزير من لارنكا،...
Lusa - Business News - Mozambique: LAM begins direct flights from Beira to four provinces
Maputo, Dec. 11,2019 (Lusa)-State-owned airline Linhas Aéreas de Moçambique (LAM) began direct flights from the city of Beira to four...
Lusa - Business News - Portugal: EDP to produce hydrogen at Ribatejo Thermoelectric Power Plant
Madrid, Dec.11,2019 (Lusa)– Portugal’s electricity utility EDP is preparing a pilot project, which should start at the beginning of 2020,...
Lusa - Business News - Portugal: Pestana Group opens 10 hotels in 2020 for €250M for 5 years
Lisbon,Dec.11,2019(Lusa)-Portuguese hotel group Pestana is to open 10 new hotels next year in a €250 million investment over five years...
Lusa - Business News - Angola: Government to hire three experts to assess diamond lots
Luanda,Dec.11,2019 (Lusa)–The Angolan government is to hire three independent experts to assess and determine the base price for the sale...
Lusa - Business News - Portugal: Fire observatory wants to continue mission as problem is unresolved
Lisbon, Dec. 11, 2019 (Lusa) - The Independent Technical Observatory on fires set up by Portugal's parliament and which ends...
Lusa - Business News - Portugal: Financial situation may reduce Lusa's news coverage - President
Lisbon,Dec.11,2019 (Lusa)-The president of Lusa on Wednesday said that the Portuguese news agency is an indispensable support for the media...
Lusa - Business News - Equatorial Guinea: Daily oil production grows 6.3% in November - OPEC
Malabo, Dec. 11,2019 (Lusa) - Daily oil production in Equatorial Guinea grew by 8,000 barrels in October to 134,000 barrels,...
Lusa - Business News - Angola: Oil production falls back to below 1.3 million barrels in November
Luanda, Dec.11,2019 (Lusa) - Angola produced 1.28 million barrels of oil a day in November, 75,000 less than in October,...
Lusa - Business News - Cape Verde: Country struggling to find cobbles for new roads
Praia, Dec. 11, 2019 (Lusa) - Cape Verdean contractors are struggling to secure stone cobbles for roads under construction,...
Lusa - Business News - Angola: Country elected to executive committee of World Food Programme
Rome,Dec.11,2019 (Lusa)-Angola has been elected to the executive committee of the World Food Programme (WFP), for a term of office...
CNA - الرئيس القبرصي ينتظر 'موقفاً واضحاً' من الشركاء في الاتحاد الأوروبي بشأن الاتفاق الليبي التركي
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح المتحدث الرسمي باسم الحكومة كيرياكوس كوشوس بأن رئيس الجمهورية نيكوس أناستاسياديس ينتظر"موقفاً واضحاً " من الشركاء في الاتحاد الأوروبي...
CNA - فريق من المهندسين المدنيين القبارصة إلى تيرانا للمساعدة في عمليات فحص المباني بعد الزلزال
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
وصل فريق من المهندسين المدنيين اليوم إلى تيرانا بمبادرة من وزارة الخارجية القبرصية، بعد مشاورات مع الحكومة الألبانية للمساعدة في عمليات...
Lusa - Business News - Angola: Government postpones to January deadline for bids for mobile licence
Luanda, Dec. 11,2019 (Lusa) – Angola’s government has once more postponed the deadline for the submission of bids for licences...
Lusa - Business News - Portugal: November inflation confirmed at 0.3%, up from zero in October - INE
Lisbon, Dec. 11, 2019 (Lusa) – Portugal’s annual rate of consumer price inflation was 0.3% in November, up from zero...
CNA - مناورات بحرية بين قبرص وفرنسا وايطاليا غداً
وكالة الأنباء القبرصية - قبرص نيقوسيا - مهى ميخائيل
تجري جمهورية قبرص وفرنسا وإيطاليا يوم غد الخميس مناورات بحرية في المنطقة الاقتصادية الخالصة لقبرص.
ووفقاً لبيان صادر عن وزارة الدفاع، ستجري الدول...
Lusa - Business News - Angola: Recession to continue for fourth year in 2020 as oil output slips - EIU
London,Dec.11,2019 (Lusa)–Angola's economy is set to shrink for a fourth consecutive year in 2020, with gross domestic product 1.3% smaller...
Lusa - Business News - Angola: New Cabinda oil refinery to cost $500M
Luanda,Dec.11,2019 (Lusa)-Construction of the Cabinda refinery will be carried out in three phases and will cost $500 million (€491 million),...
Lusa - Business News - Cabo Verde: Tourism revenue: €430M forecast in 2020 - 23% of GDP - Government
Praia, Dec. 11, 2019 (Lusa) - The Cape Verdean government expects tourism revenues to renew historical highs in 2020,...
Lusa - Business News - Mozambique: Police announce increased operations to contain armed attacks
Maputo, Dec.11,2019 (Lusa)-Mozambique Police (PRM) on Wednesday announced the strengthening of operations in the centre and north of the country...
Lusa - Business News - Portugal: 'Golden' visa residence permits-income drops 52% in November YoY
Lisbon, Dec. 11, 2019 (Lusa) – Income arising from 'golden’ visa residence permits for foreigners fell 51.9% in November year-on-year...
CNA - ممثلة الأمم المتحدة في قبرص: لا يزال أمامنا طريق فيما يتعلق بجهود تسوية القضية القبرصية
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
قالت الممثل الخاص للأمين العام للأمم المتحدة ونائب المستشار الخاص إليزابيث سبهار مساء أمس أن "عدم القدرة على العودة إلى طاولة...
Lusa - Business News - Portugal: Reduction of VAT on electricity related to consumption 'logical'-EDP
Madrid, Dec. 11, 2019 (Lusa) – António Mexia, chairman of Portugal’s electricity utility EDP, considered the Government's intention to allow...
Lusa - Business News - Portugal: Court suspends dredging of River Sado - Port authority may appeal
Setúbal, Dec. 10,2019 (Lusa) - The Administrative and Fiscal Court (TAF) of Almada has provisionally suspended the start of dredging...
Lusa - Business News - Portugal: Lisbon stocks open Wednesday with PSI20 down 0.03%
Lisbon, Dec. 11, 2019 (Lusa) – The Lisbon Stock Exchange opened Wednesday's session on negative ground, with its main index,...
Lusa - Business News - Portugal: Top headlines on Wednesday
Lisbon, Dec. 11, 2019 (Lusa) – Benfica’s 3-0 win over Zenit sees the Lisbon team qualify for the UEFA Europa...
Lusa - Business News - Angola: Portuguese-language Compact analyses €2B projects - AfDB




Luanda, Jul. 10, 2019 (Lusa) – The vice president of the African Development Bank (AfDB) Matthew Magala on Wednesday said that a series of projects that are to be analysed in Angola under the Portuguese-language Compact reaches $2 billion.
“The series of projects that we are going to analyse after we sign today the Compact for Angola is worth $2 billion [almost €1.8 billion], and those that are ready will move forward," said Mateus Magala, in an interview with Lusa moments before the AfDB and Portugal’s government signed with Angola the memorandum of understanding for the access of this country to this new financing model.
"What has been agreed is that Portugal offers €400 million to provide guarantees to projects co-financed by the AfDB and the countries, which means that we can make a financial leverage of four to seven times, that is, the €400 million available in guarantees we are looking at a resource mobilisation that can go from $1.6 billion to $2.8 billion,” he said.
According to Magala with the portfolios of the business services and human resources, which also has the chairmanship of the steering committee of the Compact, these resources can "grow as countries present more projects and Portugal structure their participation in this direction.”
The Portuguese-speaking African countries (PALOP) “unfortunately do not have borders in common, but they have shared history, culture and an ambition about the future in common, which is a very strong asset," Magala said, adding that "the compact is to strengthen this link and promote a new dimension on how they can promote rapid and sustainable economic development, which will transform them into mature and developed economies.”
With the signing on Wednesday of the specific Compact for Angola, “a new page is opened," he said: "We can now move forward with specific projects of the private sector, mainly, but also projects in public-private partnerships (PPP) to boost economic development that creates quality employment and provides the transformation of the Angolan economy in cooperation with other Portuguese-language countries,” Magala said.
Although the projects that are lined up for the evaluation of the three parts of the Compact - Portugal, the AfDB and Angola -, Magala said that "there are projects with credit line for financing to small and medium-sized enterprises, agriculture, fisheries and other sectors, in addition to projects in the fields of energy, ports and road construction, and also the financial sector."
The Compact was launched at the end of 2017 by the AfDB and Portugal’s government with the aim of financing projects in Portuguese-language countries, with financial support from the AfDB and guarantees from the Portuguese state, helping lower the risk and cost funding.
The AfDB, Mozambique and Portugal signed on 12 March, in Maputo, an agreement called Lusophone Compact Mozambique, to support investment projects, which gives access to AfDB financing combined with guarantees from Portugal through the Society for the Development Financing (SOFID).
In addition to the host country, which must be one of the Portuguese-speaking African countries (PALOP), each project must involve "at least two more Compact entities, for example, AfDB and Portuguese companies, or AfDB and other PALOP companies,” the programme showed.
Portugal participates through SOFID, offering €400 million in guarantees to combine with financing from the AfDB, which in this Compact will support budgeted projects up to $30 million (€26.5 million).
This Compact was signed by Portugal and the AfDB in November 2018, as part of a wide range of multilateral partnerships announced during the Africa Investment Forum in Johannesburg, South Africa, and began to take shape when the president of the AfDB visited Lisbon in November 2017.
MBA/IMYN // ADB.
Lusa


Agency : LUSA

Date : 2019-07-11 10:55:11







 

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