South Africa’s Rate Cut Tango: A Cautious First Step
South Africa’s central bank just broke its four-year silence, cutting interest rates and joining the global easing party. But do not pop the champagne just […]
Finance
US announces $129 million investment in Egypt’s development
U.S. Secretary of State Antony Blinken announced a $129 million investment from the U.S. government, reaffirming the commitment to advancing U.S.-Egypt priorities. This announcement was […]
Mozambican hydrocarbons company’s profits fall 15.5% to 49.1 ME
Companhia Moçambicana de Hidrocarbonetos (CMH) reported, in the financial year ending June 2023, profits of €58.1 million, marking a 75% increase compared to the same […]
Mozambican economy grows 4.5% in the second quarter
Mozambique’s economy expanded by 4.5% in the second quarter of 2024, marking the highest growth rate in the past year, according to a report from […]
Angola received dividends of 6.4 ME in 2023, but paid out 204.8 ME
On September 11, Angola’s Finance Minister, Vera Daves de Sousa, highlighted a 197.8% increase in SEP (Public Business Sector) inflows compared to 2022 during the […]
The African Development Bank celebrates 60 years of commitment to development and resilience in Africa
On Tuesday in Abidjan, the African Development Bank (AfDB) Group marked its 60th anniversary, celebrating six decades of dedication to Africa’s development, prosperity, and resilience. […]
Cape Verde Bank foresees growth path in the country
Forecasts from the Bank of Cape Verde align with those of other international financial and development institutions, indicating positive economic growth driven by tourism and […]
Mozambique to pay more than one billion euros in domestic debt alone by 2026
On Tuesday September 10, Standard & Poor’s (S&P) warned that Mozambique will face substantial domestic debt repayments over the next two years, totaling around one […]
Kenya Seeks Public Input on Economic Reforms After Protest-Induced Tax Rollback
Kenya’s finance ministry is turning to the public for help in crafting new legislation to boost revenue and address economic challenges. This move comes after […]
China Pledges Billions in African Investment, Sidestepping Debt Relief
China has announced a substantial financial commitment to Africa, promising 360 billion yuan (about $50.7 billion) over the next three years in credit lines and […]