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Economy

BFA improves Angola’s GDP growth to up to 4.5% in 2024

January 3, 2025 Steven Addamah 0

Banco Fomento Angola (BFA) has raised its growth forecast for Angola’s economy in 2024 to as much as 4.5%, following stronger-than-expected results in the third […]

Angola’s economic situation worsens, consumer confidence declines

December 31, 2024 Steven Addamah 0

The economic challenges faced by Angola and its families have deepened over the past year, driven by rising unemployment and increasing prices for goods and […]

Cape Verdean economy grew 8.5% in the second quarter

October 8, 2024 Steven Addamah 0

Cape Verde’s Gross Domestic Product (GDP) grew by 8.5% in real terms in the second quarter of 2024, according to the National Statistics Institute (INE) […]

Mozambican economy grows 4.5% in the second quarter

September 18, 2024 Steven Addamah 0

Mozambique’s economy expanded by 4.5% in the second quarter of 2024, marking the highest growth rate in the past year, according to a report from […]

Cape Verde Bank foresees growth path in the country

September 11, 2024 Geraldine Boechat 0

Forecasts from the Bank of Cape Verde align with those of other international financial and development institutions, indicating positive economic growth driven by tourism and […]

Zimbabwe Launches New Currency Amid Economic Turmoil

April 8, 2024 Steven Addamah 0

On Friday, Zimbabwe introduced a new currency, ZiG, to stabilize its economy and replace the previously depreciating currency, which faced rejection by its citizens. This […]

Cape Verde’s economy grew by 2.7% in the third quarter of 2023

January 8, 2024 Steven Addamah 0

Cape Verde’s Gross Domestic Product (GDP) grew by 2.7% year-on-year in the third quarter of 2023, according to data from the National Statistics Institute (INE). […]

Mozambican state revenues increase by 7.9% to 3.408 ME in September

November 16, 2023 Steven Addamah 0

The Mozambican state’s current revenue grew by 7.9% until September, to 232,483 million meticais (3,408 million euros), driven by the increase in tax collection, according […]

Cape Verde’s economy grew by 3.4% in the second quarter

October 5, 2023 Geraldine Boechat 0

Cape Verde’s Gross Domestic Product (GDP) grew by 3.4% year-on-year in the second quarter of this year, the National Statistics Institute (INE) announced on Wednesday […]

Cape Verdean economy grew by 6.9% in 2019

May 24, 2023 Geraldine Boechat 0

The Cape Verdean economy grew by 6.9% in 2019, above the initial estimate of 5.7%, according to the final national accounts report for that year, […]

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