Kenya Faces Fiscal Dilemma as Ruto Opts for Borrowing Over Tax Hikes
In the wake of rejected tax increases and violent protests, Kenyan President William Ruto has announced plans to borrow heavily to address the country’s growing […]
deficit
Africa’s trade deficit with China widens in 2023, with falling commodity prices key factor
Africa’s trade deficit with China has widened to $64 billion as the Asian economic powerhouse recorded a drop in trade with top partners on the […]
Guinea-Bissau’s deficit almost ten times higher than agreed with IMF
The Government of Guinea-Bissau admitted on Wednesday that it will miss the deficit target agreed with the International Monetary Fund (IMF), with a figure that […]
Cape Verde: Central Bank warns of “high level” of non-performing loans
The Bank of Cape Verde on Monday August 21 warned of the high level of non-performing loans on the balance sheet of banking institutions in […]
Cape Verde’s public accounts with deficit of 4,7 ME until February
Cabo Verde’s public accounts posted a deficit of 523 million escudos (4.7 million euros) until February, according to budget execution data. According to the document […]
Cape Verde’s trade balance deficit worsens in January
The Cape Verdean trade balance was negative by 71 million euros in January, a worsening of more than 50% compared to the same month in […]
Cape Verde’s trade balance deficit worsens by more than 215 ME in three months
The Cape Verdean trade balance was negative by more than 215 million euros in the third quarter of 2022, a worsening of more than 35% […]
Ghana predicts 6.5 percent budget deficit for 2017
Ghana’s Finance Minister Ken Ofori-Atta on Thursday said the government aims to reduce its budget deficit and inflation in 2017 as it plans to stabilize […]