Tag: Kenya

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Kenya appoints Citi, Standard Bank to study possibility of borrowing in international markets

Kenya has appointed Citi and Standard Bank as joint lead managers to assess the potential of borrowing in dollars in international markets, the finance...

IMF to increase Kenya programme by $650 mln, presidential adviser says

The International Monetary Fund has agreed to increase Kenya's lending programme by $650 million, the Kenyan president's chief economic adviser said on Tuesday. Sovereign debt...

Debt squeeze leaves sub-Saharan Africa’s governments in fiscal bind

 The International Monetary Fund (IMF) urged sub-Saharan African policymakers last week to cut costly fuel subsidies and raise more in taxes, measures that may...

Kenya to seek $1 bln loan from China, longer repayment period

Kenya's President William Ruto will ask China for a $1 billion loan to complete stalled road construction projects when he travels to Beijing later...

Kenya picks Citi and Standard Bank to advise on maturing $2 billion Eurobond

Kenya's government has picked Citi and South Africa's Standard Group to advise it on how to handle a $2 billion Eurobond that is maturing...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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