Incoming Treasury CS Njuguna Ndung’u has committed to instill sustainable reforms in his new office in a bid to stabilize the economy which has been battered by multiple shocks. Speaking …
IMF
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EconomyFinance & ServicesKenya News
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesKenya NewsUncategorized
China loans to Kenya drops for first time in 20 years
Chinese loans to Kenya have dropped for the first time in 15 years as Beijing adopts more cautious lending in Africa where some nations have reached the limit of their …
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Banking, Finance & InvestmentBusinessEconomyMorocco
Morocco Refused IMF Proposal to Adopt More Flexible Currency Exchange Rate
The International Monetary Fund (IMF) proposed for Morocco to move to the next phase of fiscal reforms aiming to make its national currency’s exchange rate more flexible, but Morocco’s central …
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Banking, Finance & InvestmentBusinessNigeriaWestern Africa
World Bank Partners with IMF to assess Nigeria’s debt sustainability
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during …
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BusinessEconomyGlobal News
IMF cuts it’s Global Growth Forecast on Rising Inflationary Pressures
by Omolaraby OmolaraThe International Monetary Fund (IMF) on Tuesday , citing Russia’s ongoing war against Ukraine, widespread inflationary pressures and higher interest rates boosting borrowing rates for both businesses and consumers. The 190-nation …
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
World Bank classifies Ghana as high debt distressed country, projects debt to GDP of 104%
The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6 per cent by the end …
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AfricaBuildingEconomyGhanaNewsWestern Africa
Too early to speculate on Ghana’s debt restructuring, says IMF
The International Monetary Fund (IMF) has cooled speculations that Ghana is poised to start talks on the restructuring of its debt as part of plans to secure a $3 billion …
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Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that spurred …
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AfricaAFRICA NEWSBusinessEconomyEgyptHospitality, Travel & TourismNewsNorth AfricaNorthern AfricaTransportation & Logisitics
Booking.com no longer supports Egyptian Pound
Booking.com, a Dutch online travel agency for lodging reservations & other travel products, announced Wednesday the stoppage of supporting the Egyptian pound starting from Thursday, Sept. 22. This announcement means …
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AfricaAFRICA NEWSEconomyEgyptNewsNorth AfricaNorthern Africa
IMF welcomes Egypt’s social protection program
The International Monetary Fund (IMF) welcomes the government’s social protection programs and does not force the state to take measures that harm Egyptian citizens, affirmed Egypt’s Prime Minister Moustafa Madbouli …