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Angola
31 October 2019

Angola Alert: local currency to continue losing value
The value of Angola’s currency, the kwanza, has more than halved, since the central bank implemented a floating exchange rate regime as part of its macroeconomic stabilisation programme in January 2018. Nearly two years on, the kwanza continues to slide and is expected to maintain its downward trend.
Macao
08 July 2019

Macau offers the Greater Bay Area its privileged relationship with Portuguese-speaking countries
The diversification of Macau’s economy centred on relations with Portuguese-speaking countries is essential if the territory is to find its place in the Greater Bay Area, said the chief executive of Banco Nacional Ultramarino (BNU).
Angola
05 July 2019

Clouds over Angola’s IMF programme
With the Angolan president making public claims about the need to restructure Chinese loans, the most sizeable in the country’s foreign debt ‘mix’, the International Monetary Fund has come in with a US$3.7 billion credit, under an Extended Fund Facility programme.
Mozambique
24 May 2019

Debt woe continues for Mozambique
The government of Mozambique is battling to bring its debt under control. Government debt as a proportion of GDP reached 110.5% at the end of 2018, up from a low of 37.5% in 2011 thanks to long-running debt relief. However, Maputo is engaging with the IMF and has pledged to put its house in order .
Angola
21 March 2019

A “shocking” report in Angola could lead to State control of private groups
The long awaited report about assets whose acquisition was supported by financing and guarantees from the Angolan State is finally completed and, in the words of the country´s president, the level of misappropriation found is “shocking and repugnant”.
Angola
13 February 2019

Angola´s capital market starts to gain shape
In it´s ongoing effort to boost investment and diversify its economy away from oil, Angola has seen a flurry of activity in February concerning the creation of a capital market and the stock exchange, a long-time goal that could become a reality with the privatization of some of the country´s biggest companies.
Mozambique
07 February 2019

Mozambique unlikely to repay US$2 billion to Credit Suisse and VTB Bank
The government of Mozambique, heavily in debt, is increasingly unlikely to repay a debt of US$2 billion to Credit Suisse contracted by a former Finance Minister who is being detained in South Africa.
Cabo Verde
25 January 2019

Cabo Verde government takes over biggest bank
The government of Cabo Verde has taken a majority stake in the country’s largest bank, Caixa Económica de Cabo Verde (CECV), and the company that was previously its largest shareholder has sold its entire holding.
Angola
16 January 2019

IMF adds to Angola´s external credibility, but brings price hike concerns
The new Angolan government´s effort to boost Angola´s image as a foreign investment destination will be assisted by the new Extended Credit Facility  (ECF) between the country and IMF, but for companies and the population some of the policies agreed will mean worrisome price hikes.
Angola
08 January 2019

Central bank talks the talk on Angolan bank reform
Two Angolan banks had their licences revoked on 2 January after missing the 31 December deadline to meet new capital requirements imposed by the National Bank of Angola (BNA)
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