Sao Tome and Principe: Government freezes minimum wage increase for civil servants
The Secretary general of the General Workers Union said that he has been informed by the Sao Tomean government that there will be no minimum […]
Finance
Portugal increases funding line for Angola to Two Billion Euros
The Portuguese government has increased the funding line for Angola from 1.5 billion euros to two billion euros, the Angolan Finance Minister announced on Wednesday. […]
São Tomé’s economy faces “serious challenges, says IMF
The International Monetary Fund, IMF, has revealed that the government of Sao Tome will introduce Value Added Tax (VAT) and that the adjustment of fuel […]
IMF warns S.Africa’s economy risks stagnation
South Africa’s growth is set to decelerate sharply this year due to power cuts and the economy risks stagnation, the International Monetary Fund warned. The […]
Angola recorded a surplus of 10.9 billion euros in 2022
Angola recorded in its current account in 2022 a surplus balance of $11.7 billion (10.9 billion euros), equivalent to 11.4 percent of gross domestic product […]
United Nations makes 15,7 ME available to Cape Verde for annual work plan
The United Nations will provide $17 million (€15.7 million) to Cape Verde for actions to be carried out this year in the country, according to […]
Filipe Nyusi announces four million dollars in aid for Quelimane
The Mozambican President announced an aid of 250 million meticais (about 4 million dollars) for the reconstruction of schools and other public infrastructures affected by […]
Cape Verde: implementing sustainable development plans requires huge investment
The Cape Verdean Prime minister yesterday indicated public investment, but also private investment, from civil society and international partners are essential to finance the policies […]
Angola’s inflation rate was 11.54% in February, down 15.74 points
The Angolan inflation rate recorded a decrease of 15.74 percentage points in February 2023 compared to the same period in 2022, settling at 11.54%, according […]
Cape Verde’s Parliament unanimously approves the creation of digital banks
The Cape Verdean parliament approved in generality and unanimously of the deputies present, the establishment of digital banks and its financial activity in the national […]