Mozambican Parliament cuts 14% from 2024 budget
The Mozambican parliament on Wednesday November 8 approved a budget of just over 2.6 billion meticais (38 million euros) for its operating and investment expenses […]
Finance
South Africa returns millions stolen from Lesotho Government
The National Prosecuting Authority South Africa, has handed over to the Directorate on Corruption and Economic Offences (DCEO) money and assets that were recovered in […]
Governor of the Bank of Mozambique says restrictive policy has eased inflation
The governor of the Bank of Mozambique said on Wednesday November 1st that the current slowdown in inflation was the result of the “restrictive monetary […]
EBRD offers Morocco 270 mln euros in quake response
The European Bank for Reconstruction and Development said it will offer Morocco 270 million euros as an initial response to the earthquake over 2023-2025. The […]
Nigeria: Local economy hard hit by Naira fall
Nigeria’s Central bank announced its intention to intervene on the foreign exchange market to increase liquidity in response to the devaluation of the naira, which […]
Inflation surges to 5.4% in South Africa, exceeding expectations
South Africa’s annual inflation rate rose for the second consecutive month in September, reaching a three-month high of 5.4%, according to the latest data from […]
Nigeria: The federal government proposes N26.01trn for 2024 budget
The Federal Executive Council, FEC on Monday October 16 proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the […]
African High-Level Ministerial Meeting Adopts Marrakech Declaration
The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, adopted the “Marrakech […]
IFC, OCP Launch Agri-finance Platform for Sustainable Food Systems in Africa
The OCP Group, the world’s largest phosphate-based fertilizer producer, and the International Finance Corporation (IFC), launched an agri-finance platform meant to mobilize $800 million of […]
Cape Verde wants to pay off ECOWAS debt
The Cape Verdean Minister of Foreign Affairs said Wednesday, October 11, that the government will seek partnerships to stop accumulating, by 2024, a debt to […]