182017Aug
Ethiopia secures USD 280 million to improve local business sector

Ethiopia secures USD 280 million to improve local business sector

The World Bank and European Investment Bank have backed a lending and leasing programme aimed at assisting small business in Ethiopia. The World Bank and European Investment Bank (EIB) have backed a USD 280 million lending and leasing programme, which is aimed at assisting small business in Ethiopia. In a statement, EIB said the investment…

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112017May

Comfort Letters in the Mozambican Legal System

The development of trade has introduced a new atypical means of providing security currently widely used within the Mozambican legal system. Vasco Soares da Veiga defines the comfort letter as “simple solemn affirmation, undertaken by a certain company before a Bank, in which the subscriber of that letter introduces a certain client, normally an affiliate…

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242017Apr
Tanzania and the World Bank in strategic partnership to boost infrastructure and economy

Tanzania and the World Bank in strategic partnership to boost infrastructure and economy

The country’s public transport systems are expected to get a full overhaul as investors’ interest grows. The World Bank has agreed to a USD 2.4 billion concessional loan for Tanzania which will enable the East African country to address failing infrastructure in the country and turn it into a bustling trade hub. The organisation’s Group…

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292016Apr
Economy update from Angola

Economy update from Angola

Presidential Decree 40/16, of 24 February – approves the General Terms of the Strategy against the Crises Deriving from the Fall in the Oil Price in the International Market, consisting of measures to be implemented by the State, among which the following may be noted: 1. Private investment and increase of domestic production  The State is compromised…

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