Mozambique’s state revenue grew 8.8% in the first quarter, reaching 65.054 billion meticais (931 million euros). This growth was primarily driven by a 3.1% increase in collected taxes, as stated in the official data. The sum equals 18.6% of the total anticipated current revenue for 2023, set at nearly 349.113 billion meticais (5 billion euros). […]
Related Posts
Economic Factors Could Limit Crypto Growth, Coinbase Reports
Coinbase, a leading cryptocurrency exchange, warns that Bitcoin and other digital currencies might soon hit a growth snag. This Friday, their analysts shed light on a challenging blend of macroeconomic conditions and industry-specific hurdles. They foresee macroeconomic pressures and adverse technical aspects potentially curtailing the crypto market’s short-term rally, despite robust demand for bitcoin spot […]
Toshiba Pivots to Privatization and Restructuring
Toshiba has taken a significant step by agreeing to a buyout led by Japan Industrial Partners (JIP). This move will result in Toshiba going private, with the consortium acquiring almost 80% of its shares. CEO Taro Shimada celebrated this development: “We’re stepping toward a new future with new shareholders.” This comes after a tumultuous period […]
Latin America’s M&A Sector Struggles in Early 2024
The beginning of 2024 presented significant hurdles for the mergers and acquisitions (M&A) industry in Latin America and the Caribbean. Reports indicate a 32% reduction in deals and a 10% fall in their value in January, compared to the same period in 2023. Only Mexico, Argentina, and Colombia managed to mobilize more capital amid broader […]