Angola: Finance Minister reassures civil servants about June salaries
Angola’s Finance Minister, Vera Daves de Sousa, says civil servants can rest assured that their June salaries will be paid. Minister Vera Daves de Sousa […]
Finance
US MCC announces $500 million in support for Mozambique
The board of directors of the Millennium Challenge Corporation (MCC, the U.S. external support agency) on Wednesday June 28 approved a $500 million (€458 million) […]
Kenya’s President signs into law a much-criticized finance bill
Kenyan President William Ruto has signed into law this 26th of June a finance bill that introduces numerous new taxes, the Presidency announced, despite criticism […]
IMF approves new evaluation and disbursement to Cape Verde between compliments and warnings
The International Monetary Fund (IMF) announced the approval of the second evaluation of the assistance plan to Cape Verde, allowing it to disburse an additional […]
Cape Verde: President promulgates law for banks to lift secrecy of tax debtors
The President of Cape Verde has enacted a law that will allow banks to lift bank secrecy, at the request of the tax administration, of […]
Regulator fines Banco Angolano de Investimentos 20 thousand euros
The National Bank of Angola has fined Banco Angolano de Investimentos (BAI) 15 million kwanzas (about 20,000 euros) for violating consumer protection standards for financial […]
Congo launches EU-funded Police station revamping project
Congo launched Tuesday Police+program (Support for the professionalization of the police and the creation of model police stations) funded by the European Union (EU). The […]
Inflation in Mozambique decelerated to the lowest in 13 months
Year-on-year inflation in Mozambique decelerated again in May to its lowest level in 13 months, the National Institute of Statistics (INE) announced Tuesday. Inflation stood […]
Angolan Government admits reduction of IRT to compensate for end of fuel subsidy
The Angolan government is studying the possibility of reducing the Labor Income Tax (IRT) to cope with the withdrawal of the fuel subsidy, whose gradual […]
Reserves of the Bank of Mozambique are at their “limit’’
Mozambican economists said Tuesday that the Central bank’s decision to stop co-paying the fuel import bill is a sign that its reserves are at their […]