IMF sees Angola growing 2.4% and all PALOP countries record expansion this year
The International Monetary Fund (IMF) forecasts Angola’s economy to grow by 2.4% in 2024 and 2.8% in 2025, both below the regional average. According to […]
Finance
World Bank will Focus on job creation and agricultural development in Africa
The World Bank (WB) and International Monetary Fund (IMF) kicked off their annual meetings on Monday, October 21, in Washington. These week-long sessions provide an […]
IMF: Mauritania on the right track in implementing Fund reforms
The International Monetary Fund (IMF) has commended Mauritania for its effective reforms, noting improvements in public finances, monetary policy, exchange rate flexibility, and governance, all […]
AfDB, AFD strengthen partnership in favor of youth entrepreneurship
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
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
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 […]