International Monetary Fund in Bissau to analyze public remuneration scheme
A mission from the International Monetary Fund (IMF) arrived in Guinea Bissau to analyze, along with the authorities, the salary bill of the Public Administration […]
Finance
China donates Mozambique €13.9 million, waives seven million of its debt
China will donate the equivalent of 13.9 million euros and cancel 7 million euros of Mozambique’s debt under agreements signed Tuesday in Maputo between the […]
South Africa Mired in Longest Economic Downturn Cycle in Decades (experts)
South Africa has been mired in the longest cycle of economic downturn in decades, affected by internal and external shocks and slow structural reforms, South […]
Tunisia: Inflation on upward trend, trade deficit widening
Inflation in Tunisia confirmed its upward trend in August 2022, picking up again to 8.6% from 8.2% in July, 8.1 % in June and 7.8% […]
Caixa Angola recovered EUR 21 million of non-performing loans this year
Banco Caixa Geral de Angola has been paying off delinquencies, mainly focused on operations carried out in 2014 and 2015, and this year it recovered […]
Morocco: Rise in Minimum Wage Helps Reduce Inequalities
The Moroccan government has decided to increase by 5% minimum wage to $281 for employees in the industrial, commercial and professional sectors. The pay rise […]
Mozambique: World Bank resumes direct support to the State Budget
World Bank to disburse $300 million in direct support to Mozambique’s State Budget, six years after international partners suspended the model due to hidden debts. […]
EU Earmarks Additional 4 Mln Euros to Uganda Amid Refugees Influx
The European Union has earmarked an additional €4 million ($4.1 million) to help Uganda cope with the massive influx of new refugees from the Democratic […]
Morocco: 2022 Cereal Output Drops 67% to 34 Mln Quintals
Cereal production in Morocco plummeted this year by 67% to 34 million quintals from 103.2 million quintals recorded in 2021, says a statement released by […]
UN Humanitarian Affairs Office grants Somalia $9.5Mln to cope with famine
The Office for the Coordination of Humanitarian Affairs (OCHA) has granted $9.5 million to Somalia to provide immediate assistance to people in areas most at […]