Guinea-Bissau’s deficit almost ten times higher than agreed with IMF
The Government of Guinea-Bissau admitted on Wednesday that it will miss the deficit target agreed with the International Monetary Fund (IMF), with a figure that […]
Finance
Cape Verde: World Bank improves rating, praises national policies
Cape Verde’s debt management was more effective and included new measures, leading to a positive assessment from the World Bank, 0.8 points above the average […]
European Investment Bank to finance healthcare in Angola with 55.5 ME
The European Investment Bank is to provide 54.5 million euros in funding for the Angolan government’s Health Resilience Project (PRS), which focuses on primary care. […]
Credit to the Mozambican economy grows in July to 4,209 ME
Credit from Mozambican banks to the economy has increased by 4% since the beginning of the year, ending July at 288,235 million meticais (4,209 million […]
AfDB announces $1 Billion to Boost Access to Climate Finance
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will […]
Mozambique: Central Bank Governor says country accumulated high debt without saving
The governor of the Bank of Mozambique (BdM), Rogério Zandamela, said that the country had accumulated a “high” public debt without having saved “enough” to […]
Germany commits N$1.3 billion to sustainable urban development projects in Namibia
The German Federal Ministry for Economic Co-operation and Development has committed to provide approximately N$1.03 billion for projects related to sustainable urban development, vocational training, […]
Angola: National Bank fines three banks 142 thousand euros
The National Bank of Angola has imposed fines totaling 126 million kwanzas (142,000 euros) on Banco Millennium Atlântico, Banco Angolano de Investimentos (BAI) and Banco […]
UN Emergency Response Fund releases another €6 Million to Mozambique
The United Nations Emergency Response Fund (CERF) has released another 6.5 million dollars (six million euros) for humanitarian aid to Mozambique, the Agency announced on […]
Family farming leads production in Angola with 91.5% of farms
Family farming comprises 91.5% of farms in Angola, 66% of which are still run using hoes and manual means, the rest being run by entrepreneurs, […]