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 […]
Finance
Angola spent 155 ME in 2021 to fight Covid-19
The Angolan Government announced on Thursday July 27 that it has spent 142 billion kwanzas (€155 million) to combat and mitigate the effects of Covid-19 […]
China’s charm offensive: FM visits four African nations to boost ties
As the West steps up its diplomatic ventures into Africa, Beijing has renewed its commitment to the continent, with debt relief and reconstruction pledges for […]
Angolan Government approves VAT reduction on food from 14 to 7%
The Angolan Council of Ministers on Wednesday July 26 approved the reduction of VAT on foodstuffs from 14% to 7%, the list of which has […]
Central Bank keeps interest rate in Mozambique at 17.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided on Wednesday July 26 to maintain the monetary policy interest rate, called MIMO, at […]
Cape Verde wants blue economy to contribute 25% of GDP by 2030
The Government wants the blue economy to contribute 25% of Gross Domestic Product (GDP) by 2030, generating 35.000 jobs and becoming an export sector, the […]
Mozambique: PM denies financial problems in civil service salary delays
The Prime Minister of Mozambique, Adriano Maleane, admitted that about 3,000 state workers are still in arrears with salaries, but assured that the problem is […]
Angola and World Bank sign agreement to implement agricultural insurance in the country
The Angolan government and the International Finance Corporation (IFC) signed a partnership agreement on Thursday for a project to develop agricultural insurance in the country, […]
UN disburses nearly €43 million in cooperation with Guinea-Bissau
The UN has disbursed about €43 million in cooperation with Guinea-Bissau in 2022, the United Nations Resident Coordinator in the country, Anthony Ohemeng-Boamah, said on […]
Angola’s currency to fall to 1,000 kwanzas per dollar this year
The BMI consultancy believes that the Angolan currency will continue to depreciate, reaching the end of the year worth around 1,000 kwanzas per dollar, a […]