The IMF highlights that several regions are registering moderate improvements in economic activity. Sub-Saharan Africa’s economy is expected to grow b...
Reports indicate that over 200 people have been injured and more than 1,200 arrested during the demonstrations, which were marked by widespread vandal...
Fuel subsidies previously helped keep prices in check, preventing increases of up to Sh9 per litre for diesel, Sh7 for petrol, and Sh8 for kerosene. B...
The funding is aimed at helping Somalia maintain macroeconomic stability and build stronger institutions in line with its National Transformation Plan...
The unresolved issues, according to the IEA, contributed to public discontent that culminated in widespread protests and an eventual premature end to...
The Finance Ministry said in a statement late on Tuesday that companies attending a two-day investment conference in Addis Ababa had signed agreements...
Dr Abraham Rugo, the executive director of Bajeti Hub, expressed scepticism about the novelty of the IMF's findings, suggesting that much of the infor...
Were it not for the tariffs, the lender says the global economic growth would have seen only a modest cumulative downgrade of 0.2 percentage point, to...
Teferra reaffirmed the IMF's commitment to deploy the Extended Fund Facility, Extended Credit Facility and Rapid Credit Facility programmes to support...
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...
According to the IMF, reducing interest rates in a low-inflation environment risks fueling inflation and may also erode Kenya’s competitive edge in at...
Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...
A latest debt, macroeconomics, trade and investment update by the World Bank, says the two lenders will jointly remain firm on their push for domestic...
It remains to be seen how PM Abiy will navigate these reforms, especially in light of the developments in Kenya and Ghana where both countries are fac...
The birr currency fell 30 per cent against the dollar to 74.73 per dollar after the restrictions were lifted, the biggest commercial lender said.
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