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Finance

Kenya: controversy over funds announced to prevent the consequences of the El Niño climate phenomenon

November 24, 2023 Steven Addamah 0

In Kenya, the question of funds allocated to El Niño prevention is causing controversy. For the past ten days, the country has been suffering from […]

Direct contracting in Mozambique increased by more than 4.5 thousand ME

November 21, 2023 Geraldine Boechat 0

The Centre for Public Integrity (CIP), a Mozambican non-governmental organization (NGO), estimates the additional cost of direct state contracting in an election year at 318 […]

Angola: The government reintroduces 10% tax on foreign exchange transactions

November 20, 2023 Steven Addamah 0

The Angolan government will reintroduce a 10 percent tax on foreign exchange transactions carried out abroad, in the context of contracting services, according to the […]

Malawi suspends official foreign travel to cut expenses

November 18, 2023 Steven Addamah 0

Malawi’s President Lazarus Chakwera has decided to temporarily ban himself and his government from traveling abroad, to help his country cut spending in the face […]

IMF admits situation is “a little complicated” due to increase in domestic debt in Mozambique

November 18, 2023 Steven Addamah 0

The representative of the International Monetary Fund (IMF) in Mozambique has classified the domestic debt situation as “somewhat complicated”. Alexis Meyer (IMF representative) says that […]

Mozambican state revenues increase by 7.9% to 3.408 ME in September

November 16, 2023 Steven Addamah 0

The Mozambican state’s current revenue grew by 7.9% until September, to 232,483 million meticais (3,408 million euros), driven by the increase in tax collection, according […]

Mozambique expects 62.5 ME in tax revenues from natural gas in 2024

November 15, 2023 Geraldine Boechat 0

The Mozambican State expects to receive 4,268 million meticais (62.5 million euros) in tax revenue from natural gas next year, according to Government figures available […]

Cost of servicing Mozambique’s debt rises 18% in 2024 to 1,712 ME

November 14, 2023 Geraldine Boechat 0

Mozambique’s debt servicing costs will grow by 18% in 2024, to more than 116,631 billion meticais (1,712 million euros), according to Mozambican Government figures. According […]

Guinea-Bissau maintains growth trend close to 5%

November 13, 2023 Geraldine Boechat 0

Guinea-Bissau’s economy is expected to maintain a growth trend of around 5% this year and next, but will continue to depend on international donors to […]

Cape Verde hopes to lower public debt to 100% of GDP in the next few years

November 10, 2023 Geraldine Boechat 0

Cape Verde’s deputy Prime minister, Olavo Correia, stressed in parliament on Thursday November 09 the reduction and concessionality of public debt, which is projected at […]

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