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China
22 March 2021
Mozambique Granted USD 38 million Debt Pardon From China
Mozambique will have debts of 244.6 million yuan (US $ 38 million) forgiven by China, under an agreement between the two governments to support the fight against covid-19 in the African country.
Angola
16 March 2021
Lusophone African Economies Resume Growth in 2021
The economies of Portuguese-speaking Africa are all expected to recover from last year's losses and resume growth in 2021, with Cabo Verde and Angola the most dynamic, according to the African Development Bank (AfDB).
Angola
09 March 2021
Oil Price Rise Could Lead Angola to Budget Surplus
The recent oil price rise could lead Angola to a budget surplus this year, instead of a projected deficit, according to Eaglestone Securities.
São Tomé e Príncipe
02 March 2021
VAT Tax and Energy Sector Reforms “Crucial” for São Tomé – IMF
The launch of a Value-Added Tax (VAT) and energy sector reforms will be "crucial" for São Tomé e Príncipe for post-pandemic recovery, according to the International Monetary Fund (IMF).
Angola
17 February 2021
Japan Loans USD 668 million to African Development Bank Fund
Japan had signed a 73.6 billion yen (USD 668 million) loan agreement to help replenish the the African Development Bank´s (AfDB) main development fund.
Brazil
15 February 2021
Brazil Gets USD 1 billion From BRICS Bank to Fight Coronavirus
A development bank run by the BRICS group of major developing nations has disbursed $1 billion to help fund the Brazilian government’s fight against the COVID-19 pandemic.
Macao
11 February 2021
BNU Bank Financial Performance “Robust” Despite Challenging Macao Market
Despite a challenging Macau banking market, hit by a sharp drop in Tourism and Gaming income, Banco Nacional Ultramarino´s financial performance was "robust" in 2020, the bank announced.
Angola
09 February 2021
China ‘Willing to Renegotiate’ Angolan Debts to Avoid Default
China will be willing to renegotiate' Angolan debts to avoid default by the African country, according to the Economist Intelligence Unit (EIU).
Guinea-Bissau
04 February 2021
Guinea-Bissau to Request IMF-Monitored Program
The covid-19 pandemic has disrupted economic activity and public finances in Guinea-Bissau and the country is expected to need an International Monetary Fund (IMF) program soon.
Angola
03 February 2021
Debt Restructuring With China Supported Angolan External Balance
Angola´s debt restructuring with Chinese creditors was one of the key factors putting off pressures on the country´s external balance, according to analysts at Angolan bank BFA
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