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Finance

Money circulating in Mozambique increased by more than 10% at the end of the year

January 16, 2024 Steven Addamah 0

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%

January 16, 2024 Geraldine Boechat 0

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

January 13, 2024 Steven Addamah 0

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. […]

Angolan tax Administration collected 66.1 ME from property tax in 2023

January 11, 2024 Steven Addamah 0

The Angolan General Tax Administration (AGT) collected 60.3 billion kwanzas (66.1 million euros) in 2023 from the collection of Property Tax (IP), estimating a 6% […]

Nigeria: Court orders government to compensate former Central Bank governor

January 10, 2024 Steven Addamah 0

In Nigeria, the saga surrounding the alleged embezzlement of the former Central Bank governor continues… A court in Abuja has just ordered the federal government […]

Mozambique’s bank reserves set a new record in November 2023

January 10, 2024 Steven Addamah 0

The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]

Deutsche Bank finances two Angolan industry and fisheries projects with 71.8 ME

January 9, 2024 Steven Addamah 0

Angolan companies Salinas de Calombolo and Alexabre’s House will benefit from financing totaling 71.8 million euros through a credit line from Deutsche Bank for projects […]

IMF approves new disbursement of 55.4 million euros in assistance program for Mozambique

January 9, 2024 Steven Addamah 0

The International Monetary Fund (IMF) has approved the third assessment of the assistance plan for Mozambique, allowing the “immediate disbursement” of a new tranche of […]

Cape Verde’s economy grew by 2.7% in the third quarter of 2023

January 8, 2024 Steven Addamah 0

Cape Verde’s Gross Domestic Product (GDP) grew by 2.7% year-on-year in the third quarter of 2023, according to data from the National Statistics Institute (INE). […]

Angolan government plans to raise 10,000 ME to finance 2024 budget deficit

January 5, 2024 Geraldine Boechat 0

The Angolan government plans to raise a total of 10 billion kwanzas (10 billion euros) to cover the deficit in the 2024 General State Budget […]

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