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 […]
Finance
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 […]
Morocco world’s 15th largest fruit exporter
Morocco has become the 15th largest fruit exporter by value thanks to sales spurred by berries, mandarins, watermelons, avocados and oranges, the US Foreign Agriculture […]
IMF, Guinea-Bissau negotiating program for next three years
A mission of the International Monetary Fund, led by José Gijon, is visiting Guinea Bissau for talks with local authorities on the economic situation and […]
The Economist draws a gloomy picture of the “dismal” situation in Algeria
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
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
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
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
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
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 […]