National Bank of Angola imposes sanctions of 1.1 ME on Angolan financial institutions
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 […]
Finance
Government approves 5% civil service salary increase
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
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%
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
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
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% […]
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 […]
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 […]