Topic: IMF
IMF set to assess Kenya’s debt as Sh3.36 trillion repayment deadline looms large
May 13, 2025 at 12:50 PM
The International Monetary Fund (IMF) is preparing to scrutinise Kenya’s debt profile through a formal debt sustainability analysis, a critical step in determining whether the co...
Kenya mulls adding gold to diversify reserves and reduce dollar reliance
Apr 25, 2025 at 09:51 PM
Kenya may soon begin stockpiling gold as part of its foreign exchange reserve strategy, joining a growing number of countries seeking to shield their economies from currency shocks...
Ruto calls for a new global order, says post-war system has failed Global South
Apr 23, 2025 at 05:24 PM
President William Ruto has called for the dismantling of the decades-old global governance structure, saying the current world order—born out of the post-World War II consensus�...
Kenya sets sights on fresh IMF funding amid budget deficit concerns
Apr 17, 2025 at 09:36 AM
Kenya has begun laying groundwork for a new financing agreement with the International Monetary Fund (IMF), with the government hoping to conclude talks by November this year, Prim...
Kenya seeks new IMF deal as missed disbursement raises funding concerns
Mar 25, 2025 at 12:53 PM
Kenya's government has applied for a new lending programme with the International Monetary Fund (IMF) after forgoing the final review of the existing arrangement....
How a new strategic partnership is set to transform intra-Africa trade transactions
Mar 18, 2025 at 01:13 PM
In September 2023, Kenya joined the Pan-African Payments and Settlement System (PAPSS), a key step towards boosting intra-African trade under the African Continental Free Trade Are...
Up to 4,000 roles set to vanish as AI revolution hits Singapore’s DBS bank
Feb 26, 2025 at 11:18 AM
The rise of artificial intelligence (AI) is now costing thousands their jobs—starting with 4,000 positions at Singapore’s largest bank, DBS....
Fitch Ratings maintains Kenya's 'B-' rating despite economic hurdles
Feb 03, 2025 at 12:33 PM
Fitch Ratings has maintained Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B-' with a stable outlook, signalling some positive economic prospects despite ong...
IMF approves Sh78 billion loan to Kenya
Oct 31, 2024 at 11:38 AM
International Monetary Fund (IMF) has approved the disbursement of a $605 million (Sh78 billion) loan to Kenya in a bid to bolster the country's fiscal position and resilience agai...
IMF speaks after being blamed for Kenya tax hikes causing widespread protests
Jul 13, 2024 at 01:57 AM
The International Monetary Fund (IMF) has finally responded following weeks of being blasted for being behind Kenya's tax increase proposals that have angered the population causin...
Treasury Bill rates signal potential peak in domestic borrowing costs
Apr 08, 2024 at 10:17 AM
In a notable turn of events, interest rates across Kenya's Treasury bills have seen a decline for the first time in over two years, marking a potential shift in the trajectory of g...
Relief as CBK maintains base rate at 13 per cent amid positive economic shifts
Apr 03, 2024 at 10:42 PM
The Central Bank of Kenya (CBK) has opted to maintain its base rate at 13 per cent for the coming month....
KRA reports significant shortfall in revenue collection for Fiscal Year 2023/24
Feb 19, 2024 at 11:16 AM
Kenya Revenue Authority (KRA) faced a significant shortfall in revenue collection, reporting a total of Sh1.27 trillion in the first half of the financial year 2023/24, ending in D...
Treasury projects sustainable debt amid global economic uncertainties
Feb 17, 2024 at 07:00 PM
Kenya has declared its public debt levels manageable through 2026, but a precarious tightrope walk lies ahead....
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Kenya Power commits to clearing Sh19.4 billion debt to REREC by end of 2024
Jan 25, 2024 at 10:01 AM
Kenya Power, the national utility company, has announced its commitment to settle a substantial debt of Sh19.4 billion owed to the Rural Electrification and Renewable Energy Corpor...
Kenyans brace for more taxing impact as IMF tightens its grip with stringent loans
Jan 22, 2024 at 09:59 AM
Kenya's economic trajectory is intricately linked to the International Monetary Fund (IMF), a relationship resembling a complex tango....
Why Kenya plans to exit Ruto's infamous G-to-G fuel importation deal with Gulf
Jan 19, 2024 at 08:17 PM
President William Ruto-backed Government to Government (G2G) deal with Saudi Arabia, initiated in April 2023, is facing uncertainty as Kenya expresses its intention to withdraw....
IMF injects Sh109.8 billion into Kenya to support sustainability growth, resilience
Jan 18, 2024 at 11:39 AM
Kenya has yet again secured a vital financial lifeline from the International Monetary Fund (IMF) in the form of a Sh109.8 billion disbursement....
Eurobond repayment looms large as IMF to release Sh109 billion lifeline to Kenya
Jan 15, 2024 at 11:50 AM
With the June deadline for Kenya's first Eurobond repayment looming, all eyes are on the International Monetary Fund (IMF) set to convene on Wednesday to finalize the sixth review ...
IMF approves Sh142.8 million loan for Kenya amid economic challenges
Nov 16, 2023 at 10:01 PM
The International Monetary Fund (IMF) has announced a breakthrough agreement on a 142.8 billion ($938 million) loan for Kenya, addressing the nation's pressing liquidity concerns a...
