Tag: IMF

Kenyans in US stage protests outside IMF headquarters in Washington DC

Kenyans living in the United States of America (USA) on Saturday, July 20, 2024, staged protests outside the International Monetary Fund (IMF) headquarters in Washington DC. In a video shared by legendary Kenyan Genge musician Hubert Mbuku Nakitare AKA Nonini who has since relocated to the US, the protesters are heard chanting anti-IMF protest songs. […]

IMF approves Ksh150B new loan for Kenya

The International Monetary Fund (IMF) gave the green light for a new loan to Kenya to alleviate the country’s financial pressure. In a statement, on Wednesday, January 17, the Washington-based agency said it has boosted the East African Country with a loan boost of $941.2 million (Ksh150 billion) with an immediate disbursement of $624.5 million […]

IMF: Why we gave Kenya Sh255 billion loan

IMF statement on the extension of the Kenyan loan outlines what the funds will go towards in the next 38 months.

Kenyans petition IMF to stop loaning country after approval of Sh257bn facility

Kenyans online have quoted President Uhuru Kenyatta’s statement that the country loses two billion shillings daily to corruption.

Kenyan lands top job as IMF Secretary

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced her intention to name Ceda Ogada as the Secretary of the Fund and Director of the Secretary’s Department. Ogada succeeds Jianhai Lin, whose retirement was announced previously. The Kenyan national is expected to begin his work in this capacity on September 1. “Ceda has […]

IMF approves Sh78.4bn loan to shield Kenya economy from Covid-19 shock

So far, Kenya had 581 Covid-19 cases, with two key markets in its two cities having been put on lockdown to curb the spread of the novel coronavirus.

Yatani says Sh6.2 trillion public debt affordable, still space for extra borrowing

Despite borrowing level being at 58 per cent of GDP, Treasury maintains that the debt is manageable and affordable.