The government of Mozambique, in partnership with the Japanese Agency for International Development, has created a financial security for small and medium enterprises (SMEs) with an initial allocation of US$13 million, according to Mozambican daily newspaper Notícias.
The guarantee fund is intended to support SMEs in their dealings with banks and enable applications for loans to finance their business ventures.
The announcement was … More
Brazil’s Office of the Comptroller General (CGU) plans to provide technical assistance to Cabo Verde’s (Cape Verde’s) General Inspectorate of Finance (IGF) under the terms of a memorandum signed in Brasilia, the Inspector General of Finance told Cape Verdean weekly newspaper A Semana.
Victor Veiga said that the memorandum signed with the CGU should enter into force in 2015, and until then … More
Angola’s Executive Project for Tax Reform (PERT) had a cumulative impact of 361.100 billion kwanza (US$3.647 billion) in non-oil tax revenues from 2011 until the end of the first half of 2014, according to official figures.
This impact means that non-oil tax revenue became a significant portion of the State Budget, bolstered by the reform of the Urban Property Tax, the boost … More
Chinese imports of iron ore from Brazil grew 13 percent from January to September in but Australia’s sales rose 33.5 percent in the same period, according to figures issued Wednesday in Beijing by China’s Customs department.
The figures cited by financial news agency Reuters also show that total Chinese imports of iron ore rose 16.5 percent from January to September, with 406 … More
The business climate, trends and opportunities in Guinea-Bissau will be the focus of a conference on “Public-Private Partnership for Competitiveness” to be held on 29 and 30 October in Bissau, the conference organisers said Tuesday.
The conference is sponsored by the Business Confederation of the Portuguese-Speaking African Countries (CE-PALOPs) and will take place on the sidelines of the extraordinary session of the … More
The government of Angola has approved a sovereign guarantee of a 70 percent portion of a US$300 million investment by Angolan-Brazilian bioenergy partnership Companhia de Bioenergia de Angola (Biocom), according to a presidential order.
The guarantee is provided due to the creation of the Capanda agro-industrial complex (Malanje province) and to attract “large” projects to the region in order to develop the … More
About 49 percent of bank deposits held in Mozambique in 2013 were owned by private companies, followed by Mozambican and foreign families, with 45 percent, the Bank of Mozambique said, according to Mozambique’s Correio da Manhã newspaper.
The remainder of the deposits are held by the public sector, according to the central bank, which points out that last year the proportion of … More