IdeiaLab reaches final of Jack Ma’s Africa’s Business Heroes
The ideiaLab business development service in Mozambique says it has made it to the final round of the Africas Business Heroes competition, which is backed by Chinese business magnate Jack Ma. IdeiaLab issued a written announcement saying it is among 50 finalists in 21 countries chosen from over 22,000 entrants, and the only lusophone finalist. IdeiaLab says the purpose of the competition is to support a generation of African entrepreneurs that can find solutions to the most urgent problems of the continent while building a sustainable and inclusive economy. The announcement quotes a co-founder of ideiaLab, Sara Fakir, as saying its being among the finalists can help put Mozambique on the world map of entrepreneurship for all the best reasons. The final round of the Africas Business Heroes competition will be held in Ethiopian capital Addis Ababa in November or December, the ideiaLab announcement says. (Pic Via：鳳凰網公益)
China-Rio de Janeiro Friendship Day celebrated online
Brazilians and Chinese living in Rio de Janeiro celebrated China-Rio de Janeiro Friendship Day online this year, China Radio International (CRI) reports. The Chinese state-run radio station quotes Chinese Consul-General in Rio de Janeiro Li Yang as saying the celebration, on Friday, reflected the strength of ties between the city and China, and paved the way for more Sino-Brazilian cooperation and exchanges. Mr Li said his government was ready to keep working closely with the Brazilian authorities to counter the Covid-19 pandemic, having already given them a large amount of medical supplies and helped them buy medical equipment. Chinese living in Rio de Janeiro have made their mark on the development of the economy of the city, CRI quotes the head of the Brazilian Foreign Affairs Ministrys regional office in Rio, Eduardo Ramos, as saying. (Pic Via：國際在線)
Potable water to begin flowing in Angolan province in 2020
All households due to be served by a US$120 million, Chinese-financed water supply system newly built in the northern Angolan province of Cabinda will connected by the end of December, the Peoples Daily reports. The Chinese Communist Party newspaper quotes an unidentified official of the builder, China Railway 20 Bureau Group Corp., as saying the Chinese state-owned-enterprise means to begin turning over the infrastructure to the Angolan authorities by the end of October. The report says the system will supply about 600,000 people, or 92 percent of the population of Cabinda, with potable water. The contractor has laid 34.6 kilometres of pipes, and last week began supplying water to nearly 5,000 people living in two villages, the Peoples Daily says. (Pic Via：華人頭條)
Institute eyes wider Latin American market for CoronaVac
The head of the Butantan Institute, a Brazilian biomedical research centre, is having talks about supplying Argentina, Colombia, and the Pan American Health Organization with CoronaVac, a potential vaccine against the Covid-19 virus developed in China, Agncia Brasil reports. The Brazilian state-run news agency quotes Butantan Institute Director Dimas Covas as telling a Brazilian legislative committee overseeing the anti-pandemic efforts that he believes his institute and the developer of the vaccine, Sinovac Biotech Ltd, can together become a big supplier of vaccine to Latin America. The institute is leading the clinical trials of CoronaVac in Brazil, which began last month. If the vaccine proves effective, the Butantan Institute is ready to begin producing it in October, and distributing it in Brazil in January, Agncia Brasil says. （Pic Via：中央通訊社）
Work soon to begin on Chinese-equipped testing lab in Angola
The authorities in the northwestern Angolan province of Uge will begin in the next few days setting up a laboratory to be fitted out by Chinese biotechnology company BGI Group with the capacity to test up to 2,000 samples a day for the Covid-19 virus, Angop reports, quoting Angolas Secretary of State for Public Health, Franco Mufinda. The Angolan government-run news agency quotes Mr Mufinda as saying on Wednesday, during a visit to Uge, that the laboratory, to be set up in the district of Mbemba Ngango, on the outskirts of the provincial capital, will serve Uge and the neighbouring provinces of Cuanza-Norte, Bengo and Malanje. Last month the Chinese government-run news agency, Xinhua, reported that the Angolan government and BGI Group had struck a deal on equipping five new laboratories in Angola for testing for the Covid-19 virus.
New Chinese e-commerce zone ships first order to Brazil
The China (Xuzhou) Cross-Border E-Commerce Comprehensive Pilot Area, in the east of the country, shipped out last week its first direct export order, for excavator parts for Brazil, the Xuzhou Daily reports. The newspaper said on Wednesday the parts were made by XCMG Zhilian Logistics Service Co. Ltd, a subsidiary of Xuzhou Construction Machinery Group Co. Ltd, which does a lot of business in Brazil. The report says the parts were was ordered though the Haitaotu website, run from the eastern Chinese province of Jiangsu, and sent to Brazil on a cargo flight from Beijing Capital International Airport. The Chinese State Council, or cabinet, approved in December the establishment of the China (Xuzhou) Cross-Border E-Commerce Comprehensive Pilot Area, and the zone began operating on May 29.
Brazil forecast to produce record soybean crop
Agribusiness consultancy StoneX expects soy production in Brazil to grow by 8 per cent to a record 132.6 million tonnes next season as farmers expand acreage to meet strong Chinese demand, Reuters reports. The news agency quotes StoneX as predicting in a forecast released on Tuesday that Brazilian soybean plantings would expand to a record 38 million hectares in the 2020/21 cycle, which starts around September. The report quotes the forecast as showing Brazilian soy exports set to rise 9.4 per cent to 81 million tonnes in the current season. StoneX believes Brazil will have to import 1 million tonnes of soybeans this year, up from the previous forecast of 500,000 tonnes, to meet domestic demand and tight supply. （Pic via：中国民营经济国际合作商会）
Macao could be platform for green bonds, says academic
Governments and other investors from Portuguese-speaking Countries could issue green bonds in Macao and Hong Kong, according to Jacky So Yuk-Chow, a finance professor at the University of Macaus Faculty of Business Management. The report by the Lusa news agency quoted the academic as saying that Macaos historic, cultural and linguistic ties to the Portuguese-speaking Countries offered it an advantage over Hong Kong. Hong Kong has established a scheme to issue the investments tied to environmentally-sustainable projects. Mr So reportedly said any move to create a green financing offering for Portuguese-speaking Countries would help diversify Macaos economy. There are opportunities being sought by investors throughout the Guangdong-Hong Kong-Macao Greater Bay Area, demand that Portuguese-speaking Countries could utilise, he told Lusa. （Pic via：可道）
Chinese contractor to finish Timorese grain depot in 2020
Chinese state-owned contractor Shanghai Construction Group Co. Ltd should complete this year the grain depot and processing facility that it began building last year in Baucau, in northeastern Timor Leste, the Chinese Embassy in Dili says. The embassy issued a written statement on Monday saying the contractor has done 70 percent of the work. The statement quotes Timorese Coordinating Minister for Economic Affairs Joaquim Amaral as saying while visiting the site last week that the facility will help his country develop its agriculture and lessen its dependence on imported grain. Chinese Ambassador to Timor-Leste Xiao Jianguo, who accompanied Mr Amaral, expressed the eagerness of China to increase Sino-Timorese cooperation in farming and building infrastructure, the Chinese Embassy says. （Pic via：駐東帝汶民主共和國大使館經濟商務處）
Lawmaker calls for intercontinental flights to Macao
Macao Legislative Assembly Member Jos Pereira Coutinho has called for long-haul air services between Macao and the rest of the world in particular, the Portuguese-speaking world, Ponto Final reports. The Macao newspaper quotes Mr Pereira Coutinho as saying the city could become a staging post for Mainland Chinese tourists travelling to Europe. Mr Pereira Coutinho said the Macao authorities should do their utmost to start long-haul air services, in particular to Portuguese capital Lisbon. Direct flights between Macao and Portugal would make Macao airport truly international, and make the city less reliant on Hong Kong airport for intercontinental travel, Ponto Final quotes Mr Pereira Coutinho as saying. In January another newspaper, Plataforma Macau, quoted Sino-LAC Holding Group President Yuan Lie as saying his company based on the Mainland Chinese island of Hengqin, adjoining Macao, intended to start next year an air cargo service between Macao and Portugal. FacebookTwitterLinkedInSina WeiboWeChatEmail
Sino-Angolan farming venture borrows US$3.38 mln to expand
A Sino-Angolan farming venture, Luckyman Angola Desenvolvimento Lda, has availed of an Angolan government lending programme, borrowing 1.95 billion kwanzas (about US$3.38 million) to expand, Angop reports. The Angolan state-run news agency says Angolan bank Banco BIC disbursed the money in the first quarter of this year. The report says Luckyman is using the money to increase to 7,000 hectares from 4,000 hectares the area of the northern Angolan municipality of Cahombo that it has planted with cereals and fruit-producing plants for the new growing season. The area planted should produce 28,000 tonnes of maize, 4,500 tonnes of rice and thousands of tonnes of guavas, bananas, pitayas, tangerines and oranges, the report quotes Luckyman Production Director Zhang Hui Pu as forecasting. Luckyman has imported equipment for two facilities for making fruit juice, and intends to set up a facility for making maize flour, Angop quotes Mr Zhang as saying.