Angolan bank with drop in profitability and exposure to sovereign risk
The Angolan banking sector remained resilient in the second quarter of 2024 despite facing challenges such as exposure to sovereign risk, increased credit risk, and […]
Finance
Mozambique: The Central Bank appoints resident inspectors for two Mozambican banks
The Bank of Mozambique has appointed resident inspectors to oversee the operations of Banco Comercial e de Investimentos (BCI) and Standard Bank, ensuring that all […]
Mozambique places €82 Million in Treasury Bonds via stock exchange
This week, Mozambique secured 5.727 billion meticais (around 82 million euros) through an internal stock market issuance of Treasury Bonds with a five-year term, according […]
Cape Verdean economy grew 8.5% in the second quarter
Cape Verde’s Gross Domestic Product (GDP) grew by 8.5% in real terms in the second quarter of 2024, according to the National Statistics Institute (INE) […]
Kenya Requests IMF Governance Assessment Amid Financial Challenges
Kenya’s government has asked the International Monetary Fund (IMF) to conduct an official assessment of corruption and governance issues, according to sources familiar with the […]
Former Guinea-Bissau Finance Minister Arrested Again
Former Guinea-Bissau Finance Minister Suleimane Seidi was re-arrested on October 2, just months after being released in July while awaiting trial on corruption charges. His […]
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 […]
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 […]