Kenya seeks new IMF loan to utilise unused funds
Kenya has applied for a new lending programme from the International Monetary Fund (IMF) to incorporate unused…
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Kenya
GCF approves $130m for climate resilience in Kenya, Serbia
The Green Climate Fund (GCF) approved over $130 million for two projects led by the Food and Agriculture…
Egypt, Kenya elevate relations to strategic partnership
Egypt and Kenya have agreed to bolster economic, trade, and investment cooperation, recognising significant…
Egypt, Kenya trade reaches $567m in ’24
Egypt's President Abdel Fattah El-Sisi received Kenyan President William Ruto on Wednesday to discuss cooperation…
Egypt trade volume with Nile Basin states hits $3b in ’23
Trade volume exchange among Egypt and Nile Basin countries hit $3.0 billion in 2023.
Egypt’s c. bank joins PAPSS to boost intra-African trade
The Central Bank of Egypt (CBE) approved joining the Pan-African Payment and Settlement System (PAPSS) in November…
Kenya targets 3.8% budget deficit for FY ’25/’26
Kenya will target a budget deficit of 3.8 per cent of GDP in the FY 25/26 , a senior official from the Ministry of…
Egypt’s trade w/ African blocs up in ’23
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from…
Egypt’s Arab Contractors wins $70-m road project in Uganda
Arab Contractors Co. has secured a $70 million contract for the design and implementation of the 56-kilometer…
JPMorgan Chase plans African expansion
JPMorgan Chase, the largest US lender, is planning to enter Kenya and Ivory Coast this year as part of its strategy…
AfDB 2023