Africa dominates list of world’s 20 Fastly growing economies
Eleven African countries will dominate the list of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said. Overall, real gross domestic […]
Finance
IMF praises Ghana’s ‘strong’ economic reform policies that begin to bear fruit
Ghana’s recent deal with the International Monetary Fund (IMF) will remain unaffected despite the latest government reshuffle, President Nana Akufo-Addo assured, just as the global […]
U.S., Zambia, AFC Host PGI Forum to Strengthen Investment in Lobito Corridor
President of Zambia, Hakainde Hichilema, Senior Advisor to President Biden, Amos Hochstein, and President and CEO of the Africa Finance Corporation (AFC), Samaila Zubairu, convened […]
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 […]
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 […]