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Finance

EU invests 2.75 million euros in sustainable tourism to guarantee income for Cape Verdeans

January 31, 2024 Steven Addamah 0

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

January 26, 2024 Steven Addamah 0

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

January 24, 2024 Geraldine Boechat 0

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

January 22, 2024 Steven Addamah 0

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

January 21, 2024 Geraldine Boechat 0

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

January 18, 2024 Geraldine Boechat 0

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 […]

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% […]

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