Ethiopia officially in debt default
The long-awaited news became official on Tuesday December 26: Ethiopia has defaulted on its debt. The country has defaulted on its last payment of $33 […]
Finance
Angola starts taxing transfers abroad on January 1, 2024
As of January 1st, the 2.5% tax for individuals will apply to all foreign currency transfers abroad, except those for health and education expenses. The […]
Angola expects to raise 2 billion ME in year of implementation of single income tax
The Angolan state expects to raise 2 billion kwanzas (2.1 billion euros) in the year of implementation of the Single Tax on Corporate Income (IRPC), […]
Mozambican central bank fines Caixa’s BCI almost 2 million
This year, the Bank of Mozambique imposed a fine of 134.9 million meticais (1.9 million euros) on Caixa Geral de Depósitos’ Banco Comercial e de […]
Morocco’s Central Bank Keeps Interest Rate at 3% & Expects Growth to Reach 3.2 % in 2024
Morocco’s central bank has decided to keep its key interest rate unchanged at 3% to ensure the price stability, affirming that it will continue to […]
Angolan stock exchange wants to launch commodities market to finance agriculture
The Angolan Debt and Securities Exchange (Bodiva) is studying the creation of a commodities market to trade agricultural products and help finance this sector, an […]
With 33 million dollars, AfBD finances high-voltage connection in Mozambique
The African Development Bank will finance the construction of a 118-kilometer high-voltage electricity transmission line with 33.25 million dollars through a grant, reinforcing the supply […]
The economic crisis at the heart of Ghana’s Presidential election
The economy is emerging as a key issue in the campaign for Ghana’s December 2024 presidential election, at a time when the country is facing […]
Minister of Finance of Guinea-Bissau heard at PGR for payments to 11 businessmen
The Minister of Economy and Finance of Guinea-Bissau will be heard at the Attorney General’s Office on Monday December 6 to clarify the payment of […]
Kenya: High Court declares part of disputed Finance Bill 2023 unconstitutional
On November 28, the High Court of Justice in Nairobi declared part of Kenya’s Finance Bill 2023 unconstitutional. In particular, the Court ruled that the […]