São Tomé and Príncipe’s economy stagnates for a second year
The Governor of the Central Bank, Américo Ramos, confirmed that São Tomé and Príncipe’s economy failed to grow in 2024, maintaining stagnation at zero for […]
Central bank
Kenya’s Central Bank Implements Bold Rate Cut to Boost Economic Growth
Kenya’s central bank has enacted a significant 75-basis-point reduction in its benchmark lending rate, lowering it to 11.25 percent in a decisive move to stimulate […]
São Toméan government to pay 400,000 euros to former minister “illegally detained”
The an Government has agreed to pay approximately 400,000 euros to Américo Ramos, a former Finance minister wrongfully detained in 2019. Ramos, who was accused […]
Nigeria’s Rivers State Leverages Oil Wealth to Court Investors
According to former Central Bank governor Sanusi Lamido Sanusi, oil-rich Rivers State has a unique chance to emerge as a beacon of progress, replacing despair […]
Nigeria Brings New Allegations Against Former Central Bank Chief
The former chief of Nigeria’s Central Bank, Godwin Emefiele, is slated to appear in a Lagos courtroom on Monday due to newly filed corruption and […]
Mozambique’s bank reserves set a new record in November 2023
The volume of Mozambican bank reserves hit a new record in November 2023, reaching 245,527 million meticais (3,513 million euros), as a result of the […]
Mozambique expects 62.5 ME in tax revenues from natural gas in 2024
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
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
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’’
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 […]