Nigeria: Court orders government to compensate former Central Bank governor
In Nigeria, the saga surrounding the alleged embezzlement of the former Central Bank governor continues… A court in Abuja has just ordered the federal government […]
Finance
Mozambique’s bank reserves set a new record in November 2023
The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]
Deutsche Bank finances two Angolan industry and fisheries projects with 71.8 ME
Angolan companies Salinas de Calombolo and Alexabre’s House will benefit from financing totaling 71.8 million euros through a credit line from Deutsche Bank for projects […]
IMF approves new disbursement of 55.4 million euros in assistance program for Mozambique
The International Monetary Fund (IMF) has approved the third assessment of the assistance plan for Mozambique, allowing the “immediate disbursement” of a new tranche of […]
Cape Verde’s economy grew by 2.7% in the third quarter of 2023
Cape Verde’s Gross Domestic Product (GDP) grew by 2.7% year-on-year in the third quarter of 2023, according to data from the National Statistics Institute (INE). […]
Angolan government plans to raise 10,000 ME to finance 2024 budget deficit
The Angolan government plans to raise a total of 10 billion kwanzas (10 billion euros) to cover the deficit in the 2024 General State Budget […]
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 […]
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 […]