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Finance

The Economist draws a gloomy picture of the “dismal” situation in Algeria

November 17, 2022 Khalid Al Mouahidi 0

British weekly “The Economist”, one of the world’s reference publications, painted a gloomy picture of the “dismal” economic, political and social situation in Algeria, pointing […]

Guinea-Bissau’s government asks the World Bank for support to manage public salaries

November 15, 2022 Geraldine Boechat 0

Guinea-Bissau’s Finance Ministry, Ilídio Té, met yesterday with the World Bank to request support for the management of civil service salaries, which consume about 80% […]

Angola: Banco Fomento forecasts inflation reduction to 14% by year’s end

November 14, 2022 Steven Addamah 0

The economic research office of Banco Fomento Angola (BFA) believes that inflation in the country should slow down to 14 or 15% by the end […]

EIB lends Moroccan railway operator $190 mln

November 10, 2022 Khalid Al Mouahidi 0

The European Investment Bank lent Moroccan railway operator 190 million dollars to help it develop its network and services. The loan is particularly geared to […]

IMF Expects Morocco’s Economic Growth to Reach 3% in 2023

November 8, 2022 Khalid Al Mouahidi 0

Morocco’s GDP growth is projected to reach around 1.25 pc in 2022 before increasing to around 3 pc next year with narrowing external deficit to […]

Angola: government approves Luanda integrated plan budget

November 4, 2022 Geraldine Boechat 0

The Angolan government approved Thursday the Luanda Integrated Intervention Plan (PIIL), which includes 2,786 projects, budgeted at over 12 billion kwanzas (24.5 billion euros), to […]

Guinea-Bissau: Portugal’s support of five million euros is the “largest to date”

November 2, 2022 Steven Addamah 0

The Minister of Foreign Affairs of Guinea-Bissau, Suzi Barbosa, said on Tuesday that the five million Euros given by Portugal to the Guinean State Budget […]

Angola: The National Bank sells $500 million in debt securities

November 2, 2022 Geraldine Boechat 0

The National Bank of Angola announced Tuesday that it will make public debt securities from its foreign currency portfolio in the amount of US$500 million […]

Cape Verde’s trade balance deficit worsens by more than 215 ME in three months

November 1, 2022 Steven Addamah 0

The Cape Verdean trade balance was negative by more than 215 million euros in the third quarter of 2022, a worsening of more than 35% […]

Angola: President authorizes expenditure of 35.2 million Euros for demining services

October 31, 2022 Steven Addamah 0

Angolan President authorized the expenditure of 16.5 billion kwanzas (35.2 million euros) for demining services on access roads and geological and geophysical sampling areas in […]

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