The IMF's role in Ethiopia's debt overhaul has come under criticism from some quarters, including from World Bank staff, who questioned the conclusion...

The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.

All payments are centralised through the National Treasury, with ministries submitting invoices for international obligations.

China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.

State agencies in the Ministry of Roads and Transport are the largest contributors to the pending bills crisis, with debts totalling Sh173.7 billion.

The current public debt currently stands at 67 per cent of GDP, amounting to Sh10.79 trillion as of September 30, 2024, a sharp increase from Sh10.58...

Last month, Ethiopia and IMF agreed on the second review of a $3.4 billion financing programme.

With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.

Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.

Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.

The total exceeds the previous $93 billion International Development Association replenishment announced in December 2021.

The warning follows the IMF's approval in October of a Sh78 billion loan to Kenya. The decision was part of a review process disrupted earlier this ye...

Gathungu pointed out that her office was unable to obtain all the necessary documents to link the borrowed funds to specific projects.

The audit identified several IT control issues, including discrepancies between the closing balances reported in the Annual Debt Management Report and...

The mounting defaults are raising concerns about the sustainability of Kenya's public debt, which now stands at Sh10.6 trillion.