Senegal has rejected claims that it secretly borrowed €650 million ($754 million) to avert a potential default, insisting its financial operations were conducted in line with established transparency standards. The response follows a report by the Financial Times, which alleged that the West African nation quietly secured funding from the…
The International Monetary Fund (IMF) has raised concerns over the potential economic fallout from the ongoing conflict involving Iran, warning that prolonged instability could push up global inflation and slow economic growth. Speaking during a press briefing on Thursday, IMF chief spokesperson Julie Kozack said the institution is closely monitoring…
Egypt has raised domestic fuel prices by up to 30 percent, citing “exceptional” global energy pressures linked to ongoing conflicts in the Middle East that have disrupted oil supplies and shipping routes. The increases, announced on Tuesday by the Ministry of Petroleum, affect gasoline, diesel, and natural gas used in…
The International Monetary Fund (IMF) announced on Thursday that discussions with Zambia regarding a new loan program could commence in April, though any agreement is not expected until after the country’s general elections in August. Zambia’s previous IMF program, a $1.7 billion facility agreed in 2022, concluded in January. The…
The escalating conflict in the Middle East featured prominently during recent discussions between officials from the International Monetary Fund and Kenya’s Treasury leadership, highlighting concerns about the potential economic impact on the East African nation. The talks took place between February 24 and March 4, 2026, and involved John Mbadi,…
The International Monetary Fund (IMF) announced on Wednesday that it has completed two reviews of Egypt’s economic reform programme, along with an additional review under the Resilience and Sustainability Facility (RSF), enabling Cairo to draw approximately $2.3 billion. According to the IMF, Egypt will receive around $2 billion under its…
The World Bank announced on Monday, February 23, 2026, that it aims to provide $6 billion in mostly concessional financing to Mozambique over the next five years. The funding is designed to support public investment projects as the Southern African nation grapples with strained public finances and recent IMF warnings…
The High Court has declined to issue conservatory orders stopping the planned privatization of the Kenya Pipeline Company (KPC), following a petition filed by Busia Senator Okiya Omtatah. Court Ruling Justice Lawrence Mugambi ruled on Monday that it would be unfair to grant substantive orders at this stage since the…
The International Monetary Fund (IMF) has approved approximately $91 million in funding for Niger, with a focus on supporting climate resilience and sustainable development. Economic Outlook Following its latest program review, the IMF projected Niger’s economic growth to remain strong, reaching 6.7% in 2026. The funding aims to stabilize the…
Lusaka, Zambia – The International Monetary Fund (IMF) has approved the sixth and final review of Zambia’s lending program, unlocking $190 million for the Southern African nation. The decision marks the conclusion of a multi-year credit facility designed to stabilize Zambia’s economy and support its recovery from debt distress. Background…