Kenya has joined calls for an enhanced International Monetary Fund (IMF) bailout for poor countries that would see the multilateral lender increase special drawing rights (SDRs) limits that would ease the balance of payments for Covid-19 hit economies. Rich countries have been printing trillions of dollars to support businesses and
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Non-essential shops and restaurants will be shut France has entered its third national lockdown as it battles a surge in cases of Covid-19 that threatens to overwhelm the country's hospitals. All schools and non-essential shops will shut for four weeks, and a curfew will be in place from 19:00 to
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The Executive Board of the International Monetary Fund (IMF) approved 38-month arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Kenya in an amount equivalent to SDR 1.655 billion (305 percent of quota or about US$2.34 billion-UShs8.5 Trillion) to support the next phase of the authorities’ COVID-19 response and
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The U.K. reported 25 new cases of rare blood clots possibly linked to AstraZeneca Plc’s Covid-19 vaccine, adding to the numbers that have caused some European countries to adopt precautionary measures. The fresh reports lift the total number of cases to 30 as of March 24, the Medicines and Healthcare Products Regulatory Agency
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Huawei released its 2020 Annual Report today, showing growth slowed, but the company's business performance was largely in line with forecast. Huawei's sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, and its net profit reached CNY64.6 billion, up 3.2% year-on-year. Despite operational difficulties brought about by
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Mitsuhiro Furusawa, IMF Deputy Managing Director The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 123 million (50 percent of quota or about US$174.2 million or Shs638.3bn) to South Sudan under the Rapid Credit Facility (RCF). This is the second IMF financial assistance to South Sudan
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The children were so excited to meet Messi's doppelganger/Reuters An Egyptian painter has reportedly found an unlikely fan base in the North African nation - Barcelona football supporters, especially those who love star player Lionel Messi. This is because 27-year-old Islam Mohammed Ibrahim Battah looks remarkably like the 33-year-old Argentine
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The Kenyan authorities have given the UN refugee agency a 14-day ultimatum to close one of the world's largest refugee camp, local newspaper Daily Nation reports quoting officials. The government has threatened to forcibly repatriate Somali refugees living at Dadaab camp to the border if the deadline elapses, the newspaper
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President Uhuru Kenyatta signs the obituary guest book at the Tanzania High Commission when he paid his respects to the late former President Dr John Pombe Magufuli. Kenya President Uhuru Kenyatta has said President John Pombe Magufuli showed Africa it could do without foreign aid from donors in developed countries.
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Guy Brice Parfait Kolela was among seven presidential candidates Guy Brice Parfait Kolelas, one of the main contenders in Congo-Brazzaville's presidential race, died on Sunday after becoming seriously ill with Covid-19. His campaign director told the AFP news agency that Mr Kolelas "died in the medical aircraft which came to
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