IMF

In the period between 1881 and 1914, there was an invasion, division, annexation, and colonialization of Africa by Western European countries. In 1884, the German Chancellor, Otto von Bismark, called a meeting of 13 European leaders in…

The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to SDR722 million (200 percent of quota or about US$1 billion) to…

A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted virtual missions to Uganda from February 2-March 5 and from May 25-May 28, 2021 to discuss a 36-month program under the Extended Credit Facility. At…

Over 150,000 enraged Kenyans have so far signed a petition through change.org in a bid to stop International Monetary Fund (IMF) from releasing its Sh257 billion loan to Kenya. Led by one Jefferson Murrey, the concerned Kenyans opposed…

Global heat maps of extreme poverty show Africa in deep red.  And the problem will only accelerate as the population on the continent grows in coming decades. "The problems are very real and are large," newly installed World Bank…