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In 2020, Cabo Verde’s GDP shrank by 20.8% compared to the previous year, according to the National Statistics Institute (INE). This contraction was primarily driven by the global impact of the COVID-19 pandemic and the measures instituted to halt its spread. The pandemic negatively affected almost all sectors except for agriculture, health, and household activities […]
During the 50th session of the Foreign Ministers’ Council at the Organization of Islamic Cooperation (OIC) held in Yaoundé, Cameroon, from August 29-30, Mali’s stance against Ukraine was emphatically reiterated. Foreign Minister Abdoulaye Diop charged Ukraine with supporting international terrorism through alleged connections with armed groups operating in the Sahel region. Amidst escalating conflicts, Diop […]
The Bank of Mozambique’s Monetary Policy Committee (CPMO) has announced that the monetary policy interest rate, also known as MIMO, will remain at 17.25%. This decision is grounded on a range of factors such as potential risks, uncertainties, and pressure on public expenditures, along with ongoing international conflicts. Despite these challenges, the bank expects inflation […]
As we begin trading on Friday, October 25, 2024, investors are closely monitoring a mix of domestic and international economic indicators that could influence the Brazilian markets today. Domestically, the release of the FGV Consumer Confidence Index for October will provide crucial insights into consumer sentiment and potential spending patterns in Brazil. A rise in […]