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Central bank

Mozambique expects 62.5 ME in tax revenues from natural gas in 2024

November 15, 2023 Geraldine Boechat 0

The Mozambican State expects to receive 4,268 million meticais (62.5 million euros) in tax revenue from natural gas next year, according to Government figures available […]

External loan disbursements to Mozambique halved in March

August 18, 2023 Geraldine Boechat 0

Foreign loan disbursements to Mozambique fell to 120 million dollars (110 million euros) in the first quarter 2023, less than half compared to the same […]

Foreign investment in Mozambique fell 66.8% in the first quarter

August 16, 2023 Steven Addamah 0

Foreign Direct Investment in Mozambique fell 66.8% in the first quarter, compared to 2022, to US$460.1 million (€417.3 million), led by South Africa, according to […]

Reserves of the Bank of Mozambique are at their “limit’’

June 7, 2023 Geraldine Boechat 0

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 […]

Banknote shortage in Nigeria: riots break out in the South West

February 8, 2023 Khalid Al Mouahidi 0

Abeokuta, in southwestern Nigeria, was the scene of scuffles between protesters and police on Tuesday, when a crowd of angry youths attacked a bank facing […]

Angola imports food worth over US$2 billion in 2022

February 2, 2023 Steven Addamah 0

Angola has paid out over US$2 billion (1.8 billion euros) for food imports in 2022, representing a rise of 40 percent compared to the previous […]

Sao Tome and Principe with historic inflation above 24% in 2022

January 2, 2023 Steven Addamah 0

Sao Tome and Principe’s inflation rate in 2022 is expected to be 24%, the highest in 15 years, and the national economy is expected to […]

IMF says Sao Tome and Principe has “strong interest” in a new assistance program

December 16, 2022 Steven Addamah 0

The International Monetary Fund (IMF) said on Thursday that the Government of São Tomé and Príncipe has a “strong interest” in a new financial arrangement […]

Ghana plans to pay for fuel purchases with gold bars

November 28, 2022 Steven Addamah 0

Ghana is considering paying for its fuel purchases in gold bars, according to an announcement by Ghana’s vice president, Mahamudu Bawumia. The government’s stated aim […]

São Tomé and Príncipe with no foreign exchange to buy essential goods on the international market

November 1, 2022 Steven Addamah 0

The government of Sao Tome and Principe says the net international reserve at the archipelago’s central bank is below the minimum required, i.e., it is […]

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