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 […]
Finance
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 […]
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 […]