Topic: IMF
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...
Kenya's IMF loans surge to sh335.5 billion, reflecting long-term credit facility impact
Nov 15, 2023 at 12:50 PM
Kenyan loans sourced from the International Monetary Fund (IMF) have experienced a threefold increase, surging to Sh335.5 billion as of June this year from Sh111.3 billion in Janua...
'Factors beyond Govt control’: CS Davis Chirchir warns fuel price will rise further
Sep 15, 2023 at 10:11 PM
Energy and Petroleum Cabinet Secretary Davis Chirchir has delivered sobering news to Kenyans, indicating that they should prepare for a significant surge in fuel prices in the comi...
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Kenya revises Gulf fuel import scheme following key concerns raised by IMF
Aug 21, 2023 at 12:38 PM
Kenya is making a strategic shift in its approach to the government-backed fuel import credit scheme after the International Monetary Fund (IMF) raised concerns over potential taxp...
IMF approves disbursement of Sh136.9 billion loan to Kenya in its latest review
Jul 18, 2023 at 02:06 PM
The International Monetary Fund (IMF) has given the green light for the disbursement of $415.4 million (Sh58.8 billion) to Kenya....
William Ruto calls for a paradigm shift in current climate action financing model
Feb 19, 2023 at 01:13 PM
President William Ruto has called for a new paradigm shift in the financing of climate action....
William Ruto taken to task to explain how he would reduce cost of living
Jul 27, 2022 at 12:41 PM
Kenya Kwanza Alliance presidential flag bearer William Ruto was pushed to the corner when he was taken to task with explaining how he would reduce the cost of living in the country...
Activist Mutemi Kiama spends night in cell over Uhuruto ‘Public Notice’
Apr 07, 2021 at 10:10 PM
Activist Edwin Mutemi Kiama was forced to spend Wednesday night in cells after prosecution applied to hold him for 14 days to allow police to complete their investigation....
IMF: This is why we gave Uhuru Sh255 billion loan
Apr 07, 2021 at 07:35 AM
The International Monetary Fund (IMF) has explained why it decided to grant the President Uhuru Kenyatta government a loan facility of Sh255 billion despite a strong opposition fro...
Why Kenyans want “Dear IMF” to keep loans away from Uhuru
Apr 05, 2021 at 11:16 PM
IMF said the loan will be used by Kenya to support pandemic response, help reduce debt vulnerabilities, address weakness in state-owned enterprises and back anti-graft framework....
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