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Kenya stands at a contentious crossroads, as the delay in passing the Conflict of Interest Bill, 2023 casts a long shadow over the country’s financial stability. This postponement has not only stalled the disbursement of a critical World Bank loan but has also created a concerning funding gap for the National Treasury. With the end of the financial year just weeks away, the urgency of this situation can't be overstated. Treasury Cabinet Secretary John Mbadi recently emphasized the gravity of the matter. He stated, “If…

Enhancing Infrastructure: Uganda's Bold Financial Moves Amid Debt Concerns Uganda is gearing up to borrow a substantial €500 million (approximately $568 million) from an array of three lenders. Among these is the African Export-Import Bank, known as Afreximbank. This initiative, highlighted by Finance Minister Matia Kasaija, is aimed primarily at bolstering the nation’s infrastructure development efforts. But what does this mean for the everyday Ugandan? Can this financial maneuver truly stimulate growth, or is it an…

Chad's Promising Path: An Overview of Recent Developments In May 2025, significant negotiations unfolded in N’Djamena, culminating in an agreement that now awaits the approval of the IMF Executive Board. This critical step relies not only on securing the necessary financing assurances but also on the backing of a comprehensive plan aimed at fostering Chad's long-term economic growth and stability. At the heart of this strategic vision lies Chad’s Vision 2030 framework, a blueprint intended to transform the nation into an…

Nigeria's Fiscal Future: Navigating Through Financial Waters The recent announcement of a $632 million loan from the World Bank could not have come at a more pivotal moment for Nigeria. Fraught with fiscal challenges such as escalating inflation, diminishing revenues, and a depreciating currency, the nation is in dire need of economic support. But does this loan provide a pathway to economic revitalization, or is it simply another step deeper into the debt quagmire? The Components of the…

November 24, 2024. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights In a noteworthy move, the International Monetary Fund (IMF) and Kenya are gearing up to discuss a fresh lending initiative that could be pivotal for the East African nation, especially after both parties decided to forego the anticipated ninth review of the existing $3.6 billion agreement. But why is this dialogue significant, and what does it spell for Kenya's financial future? Let's delve into these pressing questions. For Kenya, sustaining…

The Future of Mozambique's LNG Project: A Story of Challenges and Resilience Exciting developments are fueling the optimism of Mozambique's long-anticipated LNG project. Recently, the board of the U.S. Export-Import Bank extended its approval for a nearly $5 billion loan, invigorating the once-stalled initiative spearheaded by the French oil behemoth, TotalEnergies. For some, this development is akin to breathing life into a slumbering giant, rousing the project from its dormancy. But why was this project, with so much…

Amid a bustling Nairobi on February 5, 2025, Kenya’s Finance Minister, John Mbadi, shared insights with Reuters during a revealing interview. Nestled in the heart of the busy capital, Mbadi's gestures punctuated his anticipation of Kenya's ongoing talks with the International Monetary Fund (IMF). What do these discussions entail? And how do they shape Kenya's future? Kenya, positioned as a pivotal East African nation, is deftly navigating its fiscal landscape. Imagine a country poised at the crossroads of…

 The Somali administration has greenlit a federal budget of $1.34 billion for 2025. This represents a hefty 24.4% uptick from last year’s allocation of $1.079 billion. This financial boost stems from an uptick in local earnings and the need to tackle ongoing expenses, with homegrown revenue expected to hit $429.4 million, up 24% from $346.2 million in 2024.Taking a gander at the 2025 budgets of East African Community (EAC) nations:Kenya: $31.9 billion (up by 3.1% from 2024/25) Uganda: $19.61 billion (a whopping 36% increase)…

A glimpse of the International Monetary Fund's HQ in D.C., U.S., captured on April 8, 2019. Photo credits © REUTERS/Yuri Gripas/File Photo. Inquiries for rights, contact us. Good news from the IMF! The Ethiopian government gets a green light for the $3.4 billion aid package, with $340.7 million unlocked. The folks at the IMF board gave a thumbs-up last Friday for the initial review of the deal. This backing stems from Ethiopia's summer deal, culminating in a four-year financial arrangement. The country's journey towards…

Kenya's telecom titan, Safaricom (SCOM.NR), shared on Tuesday that it secured 15 billion shillings (around $116.73 million) from the second round of a sustainability-oriented loan procured from a coalition of local banks. This telecom heavyweight, partially owned by South Africa's Vodacom (VODJ.J) and Britain's Vodafone (VOD.L), initiated this green loan project last year, netting a comparable sum in its initial phase. The fresh funding will be funneled into various eco-friendly initiatives, notably transforming its…