Malawi suspends official foreign travel to cut expenses
Malawi’s President Lazarus Chakwera has decided to temporarily ban himself and his government from traveling abroad, to help his country cut spending in the face […]
Finance
IMF admits situation is “a little complicated” due to increase in domestic debt in Mozambique
The representative of the International Monetary Fund (IMF) in Mozambique has classified the domestic debt situation as “somewhat complicated”. Alexis Meyer (IMF representative) says that […]
Mozambican state revenues increase by 7.9% to 3.408 ME in September
The Mozambican state’s current revenue grew by 7.9% until September, to 232,483 million meticais (3,408 million euros), driven by the increase in tax collection, according […]
Mozambique expects 62.5 ME in tax revenues from natural gas in 2024
The Mozambican State expects to receive 4,268 million meticais (62.5 million euros) in tax revenue from natural gas next year, according to Government figures available […]
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 […]
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 […]