Kenya: IMF approves Sh142.7bn loan
The International Monetary Fund (IMF) announced on Thursday that it had reached an agreement on a $938 million (€864 million)
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Global Finance
Kenya’s currency has been overvalued for several years; says the current governor
Kenya’s currency, the shilling, which is trading at a historically low rate, has been overvalued for several years, according to
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Chinese President Xi Jinping opens Belt and Road forum in China’s capital
Chinese president Xi Jinping opened the Belt and Road forum in Beijing on Wednesday, with a message that China “can
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After outcry over Ukraine, big business muted on Israel-Hamas war
Major brands that spoke out against Russia’s invasion of Ukraine have been reluctant to weigh in on the Israel-Palestine conflict.
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IMF downward revise real GDP growth forecast for North Africa
The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings underway in Morocco, darkening
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Zambia: IMF yet to sign debt restructuring loan says spokesperson
Zambia, which signed a preliminary agreement in June to restructure part of its debt, is close to concluding a memorandum
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IMF, World Bank hold meetings in Morocco weeks after devastating quake
International Monetary Fund IMF, World Bank hold meetings in Morocco weeks after devastating quake The financial international institutions are holding
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Morocco: World Bank and IMF hold annual meeting in Marrakech
The International Monetary Fund (IMF) and the World Bank are gathering in Marrakech, Morocco this week for theirannual meeting, fifty
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Metro Bank shares plunge on fund raising reports
Metro Bank’s shares fell by up to a third after reports suggested it needed to raise up to £600 million
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Iraq to end all dollar cash withdrawals by Jan. 1, 2024, central-bank official says
Iraq is set to ban cash withdrawals and transactions in U.S dollars as of Jan. 1, 2024, as part of
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The World Bank fears “lost decade” for sub-Saharan Africa
The World Bank published its growth forecasts for sub-Saharan Africa on Wednesday, expressing fears of a lost decade for the
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Evergrande: Why should I care if China property giant collapses?
A crisis at the world’s most indebted company has worsened after its chairman was placed under police surveillance. It follows
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Gold purchase programme has helped to stabilise the economy – BoG
Bank of Ghana says it is proud of the Domestic Gold Purchase Programme because of it has helped to stabilise
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US Job Openings Drop to 10.1 Million, Lowest Since June 2021
US job openings fell more than expected in August to a more than one-year low, suggesting labor demand — while
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Bank of England Still to Decide If It Will Comment on Pound
The Bank of England has yet to decide whether to make a statement on market conditions following the collapse in
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Social welfare and economy are priorities for Angola’s Lourenço
The re-elected president of Angola, João Lourenço, took office this Thursday starting his second mandate. In his inauguration speech, João
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Ambac’s $2.7 billion mortgage case against Bank of America heads to trial
The trial in Ambac Financial Group Inc’s $2.7 billion case against Bank of America is expected to begin in New
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Kwasi Kwarteng appointed UK’s first black Finance Minister
The Rt. Hon. Kwasi Kwarteng, MP has been appointed the first black Finance Minister in Britain, otherwise known as UK
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Energy Crisis Is Making Asia’s Stock Market Darling Irresistible
At a time when most of the world’s stock markets are languishing due to the Federal Reserve’s tightening cycle, Indonesia’s
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China Cuts Forex Reserve Ratio in Bid to Support Tumbling Yuan
China slashed the amount of foreign-exchange deposits banks need to set aside as reserves for the second time this year
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