Inflation rate in Angola stood at 29.93% in September
Angola’s inflation rate reached 29.93% in September 2024, a sharp increase of 14.92 percentage points compared to the same period in 2023, according to data […]
Finance
Zimbabwe Announces Compensation Plan for White Farmers Displaced in Land Reform
Zimbabwe’s government has unveiled a plan to compensate white farmers who lost land and property during the controversial farm seizures initiated over 20 years ago. […]
Tunisia: Proposal to eliminate value-added tax on the supply and sale of coffee and tea
The draft finance law for 2025 includes a proposal to eliminate the value-added tax (VAT) on the supply and sale of coffee and tea. This […]
Angola seeks return of nearly $2 billion from multiple countries, including Portugal
Angolan President João Lourenço announced on October 15 that Angola has formally requested the return of an additional $1.9 billion from countries including Portugal, Bermuda, […]
Angolan bank with drop in profitability and exposure to sovereign risk
The Angolan banking sector remained resilient in the second quarter of 2024 despite facing challenges such as exposure to sovereign risk, increased credit risk, and […]
Mozambique: The Central Bank appoints resident inspectors for two Mozambican banks
The Bank of Mozambique has appointed resident inspectors to oversee the operations of Banco Comercial e de Investimentos (BCI) and Standard Bank, ensuring that all […]
Mozambique places €82 Million in Treasury Bonds via stock exchange
This week, Mozambique secured 5.727 billion meticais (around 82 million euros) through an internal stock market issuance of Treasury Bonds with a five-year term, according […]
Cape Verdean economy grew 8.5% in the second quarter
Cape Verde’s Gross Domestic Product (GDP) grew by 8.5% in real terms in the second quarter of 2024, according to the National Statistics Institute (INE) […]
Kenya Requests IMF Governance Assessment Amid Financial Challenges
Kenya’s government has asked the International Monetary Fund (IMF) to conduct an official assessment of corruption and governance issues, according to sources familiar with the […]
Former Guinea-Bissau Finance Minister Arrested Again
Former Guinea-Bissau Finance Minister Suleimane Seidi was re-arrested on October 2, just months after being released in July while awaiting trial on corruption charges. His […]