Henry Kiplagat Rotich, the money man from Kimwarer

By Wangui Ngechu,

Henry Rotich, the Cabinet Secretary for National Treasury was on Monday arrested after he surrendered himself at the DCI Headquarters following an arr...

Arror , DPP Noordin Haji , Henry Rotich , Kimwarer

Zambian president fires finance minister, appoints central bank deputy governor

By Reuters,

Zambia’s president has fired Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her, a stat...

international monetary fund , Isaac Chipampe , Margaret Mwanakatwe , President Edgar Lungu

Private sector calls for increased effort in fight against corruption

By Citizen Reporter,

Business Managers and entrepreneurs in the country have called for more concerted efforts in the war against corruption, further vowing to enhance the...

corruption , Fatma El Maawy , KEPSA , Lee Karuri , private sector

China says Africa projects should be sustainable, denounces criticism

By Reuters,

Chinese development projects in Africa must be sustainable, the government’s top diplomat told senior African ministers on Tuesday, as he denounced ...

africa , china , Xi Jinping

South Sudan lawmakers quit budget presentation over unpaid public salaries

By Reuters,

South Sudanese lawmakers stormed out of a budget presentation by the finance minister on Thursday, with one citing frustrations over non-payment of sa...

budget presentation , Finance , south sudan

IMF disburses Ksh.25B loan tranche to Tunisia

By Reuters,

The International Monetary Fund (IMF) has approved the payment of a $247million (Ksh25billion) loan tranche to Tunisia. This is the sixth under its...

Tunisia IMF loan

Nigeria’s Buhari kicks off challenge-filled second term with low-key inauguration

By Reuters,

Nigerian President Muhammadu Buhari was sworn in on Wednesday for a second term at a low-key inauguration ceremony in which he surprised many by not d...

Boko Haram , Nigeria , President Muhammadu Buhari

5 Kenyans shortlisted for top KRA post

By Citizen Reporter,

Five candidates have been shortlisted for the Kenya Revenue Authority (KRA) Commissioner General post. They are James Mburu, Julius Waita Mwatu, Ri...

KRA Commissioner General , Njiraini

Zimbabwe secures $500 million loan to ease dollar shortages

By Reuters,

Zimbabwe’s central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and e...

Zimbabwe

Bobi Wine; “Museveni wants to ruin me financially”

By Reuters,

Robert Kyagulanyi popularly known as Bobi Wine has accused the government of embarking on a mission to ruin him financially by blocking his concerts a...

Bobi Wine , Financially , Museveni , uganda

Kenya seals third Ksh.210B Eurobond

By Kepha Muiruri,

Kenya has successfully issued a third Eurobond priced at Ksh.210 billion (USD 2.1 billion) following a roadshow in United States and the U.K. The n...

Eurobond

Controversy of overvalued shilling: Why Central Banks intervene globally

By Kepha Muiruri,

An International Monetary Fund (IMF) report has ignited the debate on the true value of the Kenyan shilling. This after another study by Amana Capi...

Central Bank of Kenya (CBK) , IMF , Kenya Shilling

Kenya shilling overvalued by 30pc, report claims

By Citizen Reporter,

The Central Bank of Kenya has been accused of managing the shilling and overvaluing it by up to 30 percent. A report titled 'Kenya's Economic Puzzl...

CBK , Kenya Shilling

World Bank’s new president skips China Belt and Road summit for Africa trip

By Reuters,

Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Be...

Belt and Road infrastructure summit , china , Malpass , World Bank

Emgwen MP proposes cap to public debt at Ksh.6. trillion

By Kepha Muiruri,

Emgwen Member of Parliament Alexander Kosgey has made his submission of the proposed raise to the public debt threshold to an absolute Ksh.6 trillion ...

Alexander Kosgey , National Treasury , PFM Act , Public debt

Refugees in Egypt struggle to live as economic hardships deepen

By Reuters,

Syrian refugee Ahmad al-Khatib Egypt and his 16-year-old son both work as tuk-tuk drivers in Cairo, Egypt but it is not enough to pay the bills. To...

Ahmad al-Khatib , Egypt

No gas? No votes. Subsidy cuts imperil Ukraine leader’s reelection bid

By Reuters,

Ukrainian pensioner Nadiya Ignatiy says she has had the plum and cherry trees in her garden cut down for firewood since the government raised gas pric...

Nadiya Ignatiy , PETRO POROSHENKO , Ukraine

Morocco looks to French as language of economic success

By Reuters,

Morocco’s economy is getting lost in translation. With so many students dropping out of university because they don’t speak French, the governmen...

French , Morocco

Uganda’s economy seen expanding at 6.3 pct in 2018/19 – IMF

By Reuters,

Uganda’s economy is expected to grow 6.3 percent in the 2018/19 (Jul-Jun) fiscal year, slightly higher than the 2018 rate, helped by robust activity...

uganda

China just quietly wrote off a chunk of Cameroon’s debt. Why the secrecy?

By CNN,

When top Chinese diplomat Yang Jiechi met Cameroon President Paul Biya in the capital Yaounde last month and wrote off a chunk of the African country'...