Foreign investment in Mozambique fell 66.8% in the first quarter
Foreign Direct Investment in Mozambique fell 66.8% in the first quarter, compared to 2022, to US$460.1 million (€417.3 million), led by South Africa, according to […]
Finance
British NGO invests 2.3 million euros to expand access to drinking water in Mozambique
The non-governmental organization (NGO) WaterAid will invest 2.3 million euros to expand access to drinking water in Mozambique, as part of its strategic plan for […]
Angola recorded inflation of 12.12% in July
Angola recorded inflation of 12.12% in July, which represents a decrease of 9.28 percentage points compared to that observed in the same period of 2022, […]
Mozambican economy grew 4.67% in the second quarter
Mozambique’s Gross Domestic Product (GDP) grew 4.67% in the second quarter, driven by growth in the primary sector, according to the National Accounts report released […]
Angola: Local revenues rose from €4,000 to €20m in the last five years
Reported local revenue rose from 3.8 million kwanzas (€4,000) in 2017 to 18.5 billion kwanzas (€20 million) five years later, the Angolan Government announced. The […]
Mozambique lost more than 10ME in salaries paid to “ghost employees”
The Mozambican State has lost 725 million meticais (€10.3 million) over the past seven years due to the payment of salaries to more than 3,200 […]
Mozambique: State revenues grew 8.8% in first quarter to €931 M
Current revenues of the Mozambican State grew 8.8% in the first quarter to 65,054 million meticais (931 million euros), driven by a 3.1% increase in […]
Cape Verde’s Public Finance Council calls for “greater proximity” between institutions
The new Director of the Public Finance Council said Thursday August 3 that the institution’s “highest priority” is to comment on the 2024 budget and […]
Mozambican stock market capitalization grows to USD 2,718 million by June
The market capitalization of the Mozambique Stock Exchange (BVM) exceeded US$2.718 billion (€2.422 billion) in the first half of this year, up almost 5% in […]
Angola settled almost 400 ME of overdue debt in 2022
The Angolan government paid in 2022 362 billion kwanzas (€397 million) of debt to creditors with emphasis on the National Electricity Company (Ende) and Chinese […]