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 […]
Finance
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 […]
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 […]
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. […]