Central Bank keeps interest rate in Mozambique at 17.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided on Wednesday July 26 to maintain the monetary policy interest rate, called MIMO, at […]
Inflation
Kwanza loses 3.6% against the dollar last week and falls 38.8% since January
The Angolan currency lost 3.6% in value against the dollar last week, despite a slight recovery between Wednesday and Friday, and has already fallen 38.8% […]
Kenya’s President signs into law a much-criticized finance bill
Kenyan President William Ruto has signed into law this 26th of June a finance bill that introduces numerous new taxes, the Presidency announced, despite criticism […]
Sierra Leone’s looming election marred by fresh violence
Deadly violence broke out around Sierra Leone’s main opposition party headquarters on Wednesday (21 June), just three days before a general election, in which incumbent […]
Inflation in Mozambique decelerated to the lowest in 13 months
Year-on-year inflation in Mozambique decelerated again in May to its lowest level in 13 months, the National Institute of Statistics (INE) announced Tuesday. Inflation stood […]
IMF forecasts Cape Verde growth at 4.4% and inflation at 5.2% in 2023
The International Monetary Fund (IMF) maintains Tuesday its forecast for GDP growth in Cabo Verde of 4.4% in 2023 and inflation of 5.2%, with a […]
Angola’s inflation rate was 11.54% in February, down 15.74 points
The Angolan inflation rate recorded a decrease of 15.74 percentage points in February 2023 compared to the same period in 2022, settling at 11.54%, according […]
Cape Verde reserves grow more than 5% in 2022
The Bank of Cape Verde (BCV) clarified on Wednesday that despite a 10% drop in the country’s Net International Reserves (NIR) from July to November, […]
WFP warns of growing food insecurity in Guinea Bissau by 2023
The World Food Programme (WFP) representative in Guinea Bissau, Joao Manja, warned on Tuesday that the number of Guineans suffering from food insecurity could increase […]
Inflation in Mozambique slows to 8.9% by end of 2023
“We anticipate that inflation will gradually slow down to 8.9% by the end of 2023 year-on-year, which will provide room for the Bank of Mozambique […]