Cape Verde’s GDP per capita grew 7% between 2015 and 2021
Cape Verde’s National Statistics Institute (INE) reported on October 1 that the country’s GDP per capita, representing the total wealth produced per inhabitant in a […]
Finance
Bank of Mozambique warns that domestic debt has already grown by 1,269 million in 2024
On October 1, the Bank of Mozambique (BdM) has raised concerns about the increasing pressure from the country’s domestic debt, which has surged by 90.3 […]
Gross credit to the Angolan non-financial sector grew 25% in August
Gross credit to Angola’s non-financial sector surged by 25% in August 2023 compared to the same period in 2022, reaching 7.3 trillion kwanzas (€6.9 billion), […]
South Africa’s Rate Cut Tango: A Cautious First Step
South Africa’s central bank just broke its four-year silence, cutting interest rates and joining the global easing party. But do not pop the champagne just […]
US announces $129 million investment in Egypt’s development
U.S. Secretary of State Antony Blinken announced a $129 million investment from the U.S. government, reaffirming the commitment to advancing U.S.-Egypt priorities. This announcement was […]
Mozambican hydrocarbons company’s profits fall 15.5% to 49.1 ME
Companhia Moçambicana de Hidrocarbonetos (CMH) reported, in the financial year ending June 2023, profits of €58.1 million, marking a 75% increase compared to the same […]
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 […]
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 […]