Finance

A snapshot captures the Nairobi Expressway in Nairobi, Kenya, on May 8, 2022. REUTERS/Thomas Mukoya/File Photo Purchase Licensing Rights Kenya's auditor general has embarked on a thorough examination of the nation's debt, aiming to quantify what is owed to different creditors, Finance Minister John Mbadi revealed to Reuters on Monday. In the heart of East Africa, Kenya's debt is towering at 10.5 trillion shillings ($81.71 billion). The audit of these borrowings was a critical outcry from anti-tax hike demonstrators in…

Fintech InTouch was created in 2014 in Senegal and has become one of the pan-African leaders in the acceptance of payments and distribution of digital services. It offers a single payment platform that enables merchants and companies to accept all means of payment. Now present in ten countries on the African continent, it wants to support the boom in the digitalisation of services and democratize…

Several officials were detained Wednesday night, July 28, 2021, in Niamey, for their alleged involvement in a case of embezzlement of eight billion CFA francs (12 million euros) from the Treasury. This case comes after last year of undelivered military equipment and overbilling in the defense sector for an amount of CFF 32.6 billion (EUR 50 million). .

Nearly $ 2.4 billion, this is the amount announced by the South African government on Wednesday, July 28, 2021, to fund support measures following the Covid-19 pandemic and the losses caused by the recent riots. Support from South African authorities will go to companies and individuals, according to Finance Minister Tito…

In the Democratic Republic of Congo (DRC), the Observatory for Public Expenditure (ODEP), a Congolese non-governmental organization, is concerned about the lack of improvement in governance since the change of state. Félix Tshisekedi, succeeded Joseph Kabila, but the poor management of public finances "remains and deteriorates" in violation of the eradication of poverty and social development, says NGO.…

The Economic and Financial Brigade multiplies arrests and hearings. The former head of the agency is in custody. The matter was revealed on Wednesday, July 7, in the Council of Ministers. According to the government, it was suspicious procurement, various irregularly granted bonuses and fraudulent registrations of thousands of vehicles. The damages are estimated at more than 13 billion CFA francs.…

To equip itself with the most important infrastructures that are so much lacking in development, Africa is turning more and more towards the private sector. Latest example in the Democratic Republic of Congo: Australian metal magnate Andrew Forrest is now portrayed as the future builder of the Inga Mega Pond. A disproportionate…

In Senegal, they are found in most kitchens. Food broths will now be taxed at 25%. This is a new provision introduced by the amended budget law on the budget for 2021. The text was adopted by the last Council of Ministers. The measure is part of the budgetary measures to deal with the Covid-19 pandemic. It remains to be seen if it will disrupt the habits.…

The aim of the Paris Summit on the Financing of African Economies on 18 May was to explore all possibilities for mobilizing resources, which would enable the continent to resume the growth path following the Covid-19 pandemic without falling into the debt trap. Satisfied with France, which was on the initiative of the summit.…

In the Democratic Republic of Congo, after a three-week negotiation marathon, governments and the International Monetary Fund (IMF) delegations agreed on the content of a three-year program. If this agreement is validated by the IMF's management and board, the DRC can start receiving an initial payment of about $ 1.5 billion from mid-July. Congolese Minister of Finance Nicolas Kazadi discusses the…