Cost of servicing Mozambique’s debt rises 18% in 2024 to 1,712 ME
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 […]
Finance
Guinea-Bissau maintains growth trend close to 5%
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
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 […]
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 […]
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 […]