The Executive Board of the International Monetary Fund (IMF) has approved Rwanda’s request for an arrangement under the Resilience and Sustainability Facility (RSF) amounting to US$ 319 million (UShs1.18 trillion). Rwanda is the first African country to secure access to the RSF, which was created this year with the aim of
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Kenya pays an extra KSh5.4 billion for foreign debt on strong dollar. PHOTO | POOL A weakened shilling cost Kenya an extra KSh5.4 billion (UShs161.1 billion) in external debt servicing in the year ended June, underlining the impact of the currency woes on the country’s loan repayment obligations. Controller of
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Dr. Akinwumi Adesina, the President of the African Development Bank Group Eradicating hunger in Africa by 2030 is possible, said global agriculture leaders in Rome. Meeting ahead of the African Food Summit (Dakar 2) to be hosted by President Macky Sall in Dakar, Senegal, from 25-27 January 2023, President of
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Kenya plans to ban boarding schools for students up to about 15 years Kenya plans to abolish boarding schools next year for students up to grade nine (about 14-15 years), which includes primary and junior secondary schools. Education Principal Secretary Belio Kipsang told a head teachers’ conference that parents would
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Morocco delegation at State House Entebbe The government of Morocco has asked Uganda to support its bid to host the 2025 Africa Cup of Nations (AFCON). Morroco's request was made by His Highness King Mohammed VI of Morocco, through his Special Envoy and Minister of Culture and Youth Mehdi Ben
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Former Kenya President, Uhuru Kenyatta Economic policies pursued in the later years of President Uhuru Kenyatta's administration helped benefit wealthy Kenyans the most, the World Bank disclosed yesterday. The Bank in the report capturing Kenya’s economic health reckons that the gap between the rich and poor is unchanged from 2015,
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M23 rebels in a recent meeting in Kenya The Democratic Republic of Congo (DRC) government has accused the M23 rebels of plotting to control the Kishishe area in Rutshuru and Masisi in North Kivu province with an aim of exploiting Coltan and Wolframite minerals. Coltan is a dull black metallic ore
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African Development Bank Group President, Akinwumi Adesina After a year of intense negotiations and a difficult global economic outlook, development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion (Shs33 trillion) to its 2023 to 2025 financing cycle. It is the largest
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The Africa Climate Change Fund (ACCF) Secretariat has launched a scheme to support mechanisms for climate adaptation finance for women entrepreneurs and youth. The scheme, “YouthADAPT: Empowering Women and Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience,” will develop innovative, transformative climate-resilient bankable projects aligned with African
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Some of the delegates in a meeting in Nairobi Drama ensued on Monday evening after representatives of armed groups in the eastern Democratic Republic of Congo (DRC) stormed out of the closing ceremony for the Nairobi peace talks citing unpaid allowances. The seven days dialogue attracted more than 40
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