Regulator fines Banco Angolano de Investimentos 20 thousand euros
The National Bank of Angola has fined Banco Angolano de Investimentos (BAI) 15 million kwanzas (about 20,000 euros) for violating consumer protection standards for financial […]
Finance
Congo launches EU-funded Police station revamping project
Congo launched Tuesday Police+program (Support for the professionalization of the police and the creation of model police stations) funded by the European Union (EU). The […]
Inflation in Mozambique decelerated to the lowest in 13 months
Year-on-year inflation in Mozambique decelerated again in May to its lowest level in 13 months, the National Institute of Statistics (INE) announced Tuesday. Inflation stood […]
Angolan Government admits reduction of IRT to compensate for end of fuel subsidy
The Angolan government is studying the possibility of reducing the Labor Income Tax (IRT) to cope with the withdrawal of the fuel subsidy, whose gradual […]
Reserves of the Bank of Mozambique are at their “limit’’
Mozambican economists said Tuesday that the Central bank’s decision to stop co-paying the fuel import bill is a sign that its reserves are at their […]
IFC to back Côte d’Ivoire in financing housing project
The International Finance Corporate (IFC) will help find a private investor for the development of a housing project in Côte d’Ivoire, per a deal signed […]
EU validates eight proposals from Angolan institutions under the Dialogue Facility
Eight public institutions and the European Union (EU) in Angola signed Thursday agreements worth 300 thousand euros, under the EU-Angola Dialogue Facility project, framed within […]
Angolan Minister rejects external pressure to reduce fuel subsidy
The Angolan Finance Minister on Thursday rejected any external pressure to reduce the subsidy on fuel, a measure that the International Monetary Fund (IMF) had […]
Only 200 São Tomense companies able to start charging VAT
Only 200 of the 380 companies identified in Sao Tome and Principe can start collecting VAT this Thursday, the director of taxes told media, which […]
IMF plans to approve 2nd review and financial disbursement to Guinea-Bissau in August
The International Monetary Fund (IMF) expects to approve at the end of August the second evaluation of the support program to Guinea-Bissau, with the disbursement […]