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Finance

AfDB, AFD strengthen partnership in favor of youth entrepreneurship

October 17, 2024 Pawla Nibramich 0

The African Development Bank (AfDB) and the French Development Agency (AFD) have strengthened their partnership to support young entrepreneurs in Africa. AfDB President Akinwumi Adesina […]

Inflation rate in Angola stood at 29.93% in September

October 17, 2024 Steven Addamah 0

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 […]

Zimbabwe Announces Compensation Plan for White Farmers Displaced in Land Reform

October 17, 2024 Steven Addamah 0

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

October 16, 2024 Khalid Al Mouahidi 0

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

October 16, 2024 Steven Addamah 0

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

October 15, 2024 Steven Addamah 0

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

October 15, 2024 Geraldine Boechat 0

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

October 13, 2024 Steven Addamah 0

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

October 8, 2024 Steven Addamah 0

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

October 4, 2024 Pawla Nibramich 0

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 […]

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