Tag: Kenya

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World Bank approves $1 billion loan to Kenya

The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa's economic powerhouse confronts...

African digital credit company M-Kopa signs $255 mln in new funding

African financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others...

IMF head sees disbursement to Zambia ‘soon’, Kenya unlikely to default

 The International Monetary Fund expects to disburse the next tranche of its $1.3 billion financing program with Zambia "soon", the managing director of the...

Kamala Harris exhorts Africans to innovate, empower women in Ghana speech

U.S. Vice President Kamala Harris challenged Africans to step up innovation and the empowerment of women in order to play their full part in...

EU vows to boost investment in Kenya to strengthen ties

The European Union said Tuesday that it would increase its investments in Kenya by hundreds of millions of dollars, looking to bolster ties in...

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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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