Foreign Direct Investment (FDI) in Mozambique saw a drop of 66.8% in the first quarter, compared to 2022, amounting to US$460.1 million. According to the central bank’s recent report, the primary investor was South Africa. This significant decline in FDI was influenced by a 67.8% decrease in significant projects and a 54.3% reduction in traditional […]
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Angola Central Bank Hikes Interest Rate to Combat Inflation
Angola’s central bank has increased its benchmark interest rate to 18%, a rise from the previous 17%. Governor Manuel Tiago Dias announced this decision to address the country’s growing inflation. This change follows a recent meeting of the Monetary Policy Committee (CPM) in Luanda. The bank’s strategy includes maintaining a restrictive monetary policy. This approach […]