International Monetary Fund Archives

KEY TAKEAWAYS FROM IMF WEBINAR

Posted on June 10, 2020June 10, 2020 by Gambeta News

GENERAL OUTLOOK 1. Africa seems to be suppressing the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it. 2. Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly. 3. Capital will look for countries that are less battered. Western economies are badly…

KENYA SEEKS ANOTHER LOAN FROM CHINA FOR RAILWAY PROJECT

Posted on March 20, 2019 by Gambeta News

Kenya seeks for another funds to complete stage three of the standard gauge railway. Kenya is seeking for fund from China to complete the third phase of the standard gauge railway. The negotiating is a loan worth Sh 370 billion that will ensure passengers, goods and equipment are secure during their journey from Mombasa to Malaba in Busia County. Kenya Railways Acting Director Philip Mahinga said “We all know that the first phase of SGR from Mombasa to Nairobi cost Sh…