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Finance

IMF admits situation is “a little complicated” due to increase in domestic debt in Mozambique

November 18, 2023 Steven Addamah 0

The representative of the International Monetary Fund (IMF) in Mozambique has classified the domestic debt situation as “somewhat complicated”. Alexis Meyer (IMF representative) says that […]

Mozambican state revenues increase by 7.9% to 3.408 ME in September

November 16, 2023 Steven Addamah 0

The Mozambican state’s current revenue grew by 7.9% until September, to 232,483 million meticais (3,408 million euros), driven by the increase in tax collection, according […]

Mozambique expects 62.5 ME in tax revenues from natural gas in 2024

November 15, 2023 Geraldine Boechat 0

The Mozambican State expects to receive 4,268 million meticais (62.5 million euros) in tax revenue from natural gas next year, according to Government figures available […]

Cost of servicing Mozambique’s debt rises 18% in 2024 to 1,712 ME

November 14, 2023 Geraldine Boechat 0

Mozambique’s debt servicing costs will grow by 18% in 2024, to more than 116,631 billion meticais (1,712 million euros), according to Mozambican Government figures. According […]

Guinea-Bissau maintains growth trend close to 5%

November 13, 2023 Geraldine Boechat 0

Guinea-Bissau’s economy is expected to maintain a growth trend of around 5% this year and next, but will continue to depend on international donors to […]

Cape Verde hopes to lower public debt to 100% of GDP in the next few years

November 10, 2023 Geraldine Boechat 0

Cape Verde’s deputy Prime minister, Olavo Correia, stressed in parliament on Thursday November 09 the reduction and concessionality of public debt, which is projected at […]

Mozambican Parliament cuts 14% from 2024 budget

November 9, 2023 Geraldine Boechat 0

The Mozambican parliament on Wednesday November 8 approved a budget of just over 2.6 billion meticais (38 million euros) for its operating and investment expenses […]

South Africa returns millions stolen from Lesotho Government

November 6, 2023 Steven Addamah 0

The National Prosecuting Authority South Africa, has handed over to the Directorate on Corruption and Economic Offences (DCEO) money and assets that were recovered in […]

Governor of the Bank of Mozambique says restrictive policy has eased inflation

November 2, 2023 Geraldine Boechat 0

The governor of the Bank of Mozambique said on Wednesday November 1st that the current slowdown in inflation was the result of the “restrictive monetary […]

EBRD offers Morocco 270 mln euros in quake response

October 26, 2023 Geraldine Boechat 0

The European Bank for Reconstruction and Development said it will offer Morocco 270 million euros as an initial response to the earthquake over 2023-2025. The […]

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