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 […]
Finance
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 […]
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 […]