IMF Warns of Growing Threat to Global Economy
IMF leaders warned that growing pressures undermining global integration, including an increase in trade barriers, threaten economic growth worldwide. In a message to officials gathering in Davos, Switzerland, IMF chief [...]
Nairobi Central Railway Station Project Designs Completed
Nairobi Central Railway Station project designs have been completed by Atkins UK on behalf of Kenya Railways Corporation and the Ministry of Transport. In January 2020, President Uhuru Kenyatta asked [...]
IMF Delays Credit Deadline for Somalia by 3 Months
The International Monetary Fund (IMF) has agreed to delay the deadline, by at least three months, for Somalia’s credit facility in a move which could free up the country’s access to [...]
Relief as Indonesia Lifts Export Ban on Palm Oil to Global Markets
Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports a move that will bring relief to the global market after the war in Ukraine [...]Kenya to Improve Trade Ties in Switzerland as President Kenyatta is Set To Open New Chancery in the Swiss Capital
President Uhuru Kenyatta is set to opena new chancery in the Swiss Capital of Bern to enhance trade tries between Kenya and Switzerland. Speaking ahead of President Kenyatta’s official visit [...]IMF Warns Effects of Ukraine Conflict to hit Sub-Saharan Africa
The IMF has said the ongoing war in Ukraine would lead to increased living and transport costs in most countries in Sub-Sahara Africa. In its April 2022 Outlook for Sub-Sahara [...]Liquid Telecom Gets $220M from UK to Improve Internet Access
Liquid Telecommunications Kenya Limited has received financing worth $ 220 million from British International Investment(BII), UK's development finance institution, to improve access to quality internet service in Kenya. According to [...]The surge in Food and Energy Prices Pushes UK's Inflation to a 40-Year High of 9%
UK's inflation soared to a 40-year high of 9% in April as food and energy prices spiralled, official figures revealed Wednesday, escalating the country’s cost-of-living crisis. Consumer prices rose by [...]Citigroup UK’s BII Sign a $100 Million Risk-Sharing Facility Targeting SMEs in Africa
British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four times [...]Emirates Airline Posts $1.1 Billion Loss in FY 2021
Dubai’s Emirates Airline has posted an annual loss of $1.1 billion in full year 2021 (April 2021 to March 2022), down from a $5.5 billion loss in the previous year. [...]Air Tanzania Signs Training MoU with Boeing
Air Tanzania Company Limited (ATCL) and Boeing have signed a Memorandum of Understanding (MoU) for the later to train the airline officials. ATCL chief executive officer, Mr Ladislaus Matindi, says [...]Bitcoin Under Discussion as 44 Countries Meet in El Salvador
Bitcoin is the subject of discussion as 32 central banks and 12 financial authorities meet in El Salvador this Monday. El Salvador President Nayib Bukele yesterday night announced on Twitter [...]
