West Africa’s ‘Brexit’: Mali stays with regional currency zone, Burkina Faso weighs exit
Mali has said it has no intentions of leaving West Africa’s currency zone, while Burkina Faso has hinted at its possible withdrawal after they, along […]
Finance
EU invests 2.75 million euros in sustainable tourism to guarantee income for Cape Verdeans
The European Union delegation in Cape Verde and three associations on Tuesday January 30 signed funding contracts for 2.75 million euros to promote tourist activities […]
Mozambican government plans additional tax on rents and broadening of VAT base
The Mozambican government has made a commitment to the International Monetary Fund (IMF) to broaden the VAT base and apply an “additional tax” to rental […]
Portuguese banking union finances 66ME water project in Angola’s Hula
A Portuguese banking syndicate will finance the construction of a water dam in the Angolan province of Huila, worth around 66 million euros, according to […]
Mozambique must maintain fiscal consolidation and ease monetary policy
The International Monetary Fund (IMF) argues that Mozambique should continue fiscal consolidation in order to reduce debt needs, signaling that an easing of monetary policy […]
National Bank of Angola imposes sanctions of 1.1 ME on Angolan financial institutions
The National Bank of Angola (BNA) has announced that sanctions worth 1 billion kwanzas (1.1 million euros) will be imposed on banking and non-banking financial […]
Government approves 5% civil service salary increase
This Wednesday, January 17, the Angolan government approved a 5% increase in the basic salary of the civil service as of this month, as part […]
Money circulating in Mozambique increased by more than 10% at the end of the year
Physical money circulating in Mozambique increased by 10.6% in the space of a month, closing December 2023 at 78,270 million meticais (1,117 million euros), according […]
Cape Verde closed 2023 with inflation rate of 1.3%
Cape Verde closed 2023 with an inflation rate of 1.3%, the National Statistics Institute (INE) announced on Monday January 15, a sharp slowdown from the […]
World Bank forecasts 4.8 per cent economic growth for Madagascar for 2024
Madagascar’s will witness a 4.8 per cent economic growth this year, the World Bank says in its economic outlook for the African country for 2024. […]