The International Monetary Fund and the World Bank are putting measures in place to assist smaller nations who are struggling with existing debt and whose circumstances have ... Read more »

The 75,000 head of cattle will be delivered over the next 10 years as repayment for the 2017 U.S.$100 million debt. The first instalment of 1,000 cows already arrived in ... Read more »

The World Bank has said that the normalising of relations means that Somalia is in now in good standing with the lender. It said the government's "strong record of fiscal, ... Read more »

While East African's economy is cited as being ahead in growth in sub-Saharan Africa, analysts are cautioning that the growth is largely superficial since it is being driven by ... Read more »

The Executive Board of the International Monetary Fund says the focus of four-year arrangement is to restore macroeconomic stability, set up a fiscally sustainable growth path and ... Read more »

The Parliamentary Budget Office says that due to the rate of financial indiscipline in recent years, Kenya is likely to breach the ceiling, which Treasury managed to push to ... Read more »

Jean Boustani, one of eight people who prosecutors say created maritime projects in Mozambique to funnel bribes and kickbacks, has told a U.S. court that that Privinvest paid ... Read more »

The International Monetary Fund's executive board will vote in December 2019 on a U.S.$280 million loan agreement with Equatorial Guinea. Rights groups are calling for a ... Read more »

The government has added a new arsenal for raising revenues through sale of citizenship, passports, permanent residency and special visa programmes as products to foreign nationals ... Read more »

Five East African Community member countries, Kenya, Burundi, Rwanda, Uganda and Tanzania have together accumulated more than U.S.$100 billion domestic and foreign debt, stretching ... Read more »