China announces 25.6 M€ donation to Cape Verde
On September 4, Prime Minister Ulisses Correia e Silva announced that China will donate €25.6 million to Cape Verde. The announcement followed a meeting in […]
Finance
Turnover in services in Cape Verde grew 13.9% in the second quarter
From April to June, the index for the services sector decreased by 9.7% compared to the previous three months, according to activity indicators. The most […]
Angolan banks’ surplus reserves fell 12% in July
In July 2024, surplus reserves in the Angolan banking system dropped by 12.34% to 614.73 billion kwanzas (approximately 606 million euros), primarily due to reliance […]
UN Pledges $100 Million to Address Critical Humanitarian Crises
The United Nations allocated $100 million from its Central Emergency Response Fund (CERF) on Friday to support critically underfunded humanitarian operations in some of the […]
South Africa’s Johann Rupert dethrones Aliko Dangote as the continent’s richest man
Nigeria’s Aliko Dangote has been bumped from his position as Africa’s richest person, according to the latest Bloomberg Billionaires Index. South African businessman Johann Rupert, […]
Mozambique received 8.9 billion euros in investments between 2019 and 2023
On Monday August 26, Mozambican President Filipe Nyusi announced that Mozambique is set to attract approximately 8.9 billion euros in investments from 2019 to 2023. […]
Kenya: Authorities temporarily break budget deadlock
the Supreme Court has granted Kenyan President Ruto the authority to temporarily uphold the taxes introduced under the Finance Act 2023 until further court hearings. […]
ExxonMobil earmarks $90M for seismic exploration in Egypt
ExxonMobil has allocated $90 million for seismic exploration in Egypt, focusing on a 15 km area within its concession north of Marakia in the Western […]
Kenya Revives Controversial Tax Plans, Sparking Fears of Unrest
Kenya is set to reintroduce a modified version of its controversial eco-levy tax, potentially reigniting tensions that led to widespread protests earlier this year. The […]
Bank of Mozambique Revokes Penalties for Non-Compliance with Reserve Requirements
The Bank of Mozambique (BdM) has revoked the penalty that led to the blocking of accounts for financial institutions that incurred a deficit in the […]