EU, Mozambique launch €812 M initiative to support youths
The European Union (EU) and the Government of Mozambique have launched an initiative to support the education and emancipation of young Mozambicans, a project worth […]
Finance
Angola: BNA abolishes foreign exchange control department, strengthens inspection and monitoring
The National Bank of Angola (BNA) has announced on Tuesday, the termination of its foreign exchange control department and the strengthening of the areas of […]
Morocco/AfDB: 16th ADF Replenishment Meeting Kicks Off in Tangier
The fourth and final meeting of the sixteenth replenishment of the African Development Fund (ADF-16), the concessional funding window of the African Development Bank (AfDB) […]
Bank of Mozambique maintains monetary policy rate at 17.25%
The Bank of Mozambique decided on Wednesday to maintain the monetary policy interest rate, MIMO rate, at 17.25%. “The inflation outlook points to a deceleration […]
France gives five million euros in budgetary support to Guinea-Bissau
France on Tuesday provided Guinea-Bissau with five million euros in budgetary support to “strengthen the macroeconomic base” of Guinea-Bissau, said the French ambassador in Bissau, […]
Mozambique’s public debt to fall below 100% of GDP by 2023
The consultancy Fitch Solutions believes that Mozambique’s public debt should fall below 100% in 2023, due to the acceleration of the economy, higher gas revenues […]
Social benefits attributed by Cape Verde increase in 2023
The Deputy Prime Minister of Cape Verde, Olavo Correia, yesterday rejected changing the forecasts that are included in the draft state budget for 2023, despite […]
Austria funds a desalination plant in the Cape Verdean island of Boa Vista
Cape Verde’s Deputy Prime Minister, Olavo Correia, announced a financing agreement with the Bank of Austria for 10 million euros to install a desalination plant […]
Cape Verde wants to cut electricity losses on the public grid by 5.5 points by 2023
The European Investment Bank will finance with 110 million escudos (one million euros) a program to reduce in 5.5 percentage points the electricity losses in […]
IMF reaches agreement with Guinea-Bissau for Extended Credit Facility program
The International Monetary Fund (IMF) announced today that it has reached agreement with the authorities of Guinea-Bissau to negotiate a 36-month program under the Extended […]