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Fitch projects that Kenya’s new Ksh10 billion capital requirement will reduce non-performing loans and support credit growth. Implemented through a phased approach from 2025 to 2029, this regulation requires banks …
Fitch: Kenya’s New $77 Million Capital Rule Aims to Mitigate Bad Loans Read More
Kenya is delaying the drawdown of a $1.5 billion UAE loan to align with its fiscal plans amidst rising debt service costs. Minister John Mbadi noted the government is assessing …
Kenya Delays $1.5 Billion UAE Loan to Align with Fiscal Strategy Read More
South Africa’s budget deficit rose to 62.68 billion rand ($3.39 billion) in January, compared to 62.42 billion rand in the same month last year, as reported by the National Treasury. …
South Africa’s January Budget Deficit Reaches 62.68 Billion Rand Read More
Malaysia achieved a record 378.5 billion ringgit ($85.8 billion) in approved investments in 2024, representing a 14.9% increase from the previous year. The United States was the leading foreign investor, …
Malaysia Achieves Record Investments of $86 Billion in 2024 Read More
Brazil’s primary budget surplus in January was 84.9 billion reais, below the expected 88.5 billion. While there was an increase from last year, spending growth surpassed revenue gains, leading to …
Brazil Reports Lower-Than-Expected Primary Budget Surplus in January Read More
Brazil’s central government achieved a primary budget surplus of 84.882 billion reais ($14.6 billion) in January. This amount was below the economists’ expectations of an 88.450 billion reais surplus. The …
Brazil Reports $14.6 Billion Primary Budget Surplus for January Read More
President Mahama forecasts Ghana’s debt servicing will reach Ghc280 billion in the next four years, comprising Ghc150 billion for domestic and Ghc130 billion for external debts. He also pointed out …
Ghana’s Debt Servicing Projected to Reach Ghc280 Billion in Four Years Read More
In January 2025, Brazil’s current account deficit reached $8.7 billion, an increase from $4.4 billion a year earlier and exceeding forecasts of $8.3 billion. The goods surplus dropped to $1.2 …
Brazil’s Current Account Deficit Exceeds Expectations in January 2025 Read More
Kenya has secured a KSh194 billion Eurobond loan to manage its debt, with a interest rate of 9.5%. With an oversubscription of KSh646 billion from investors, the funds will refinance …
Kenya Secures New KSh194 Billion Eurobond Loan to Manage Debt Read More
Rwanda’s government is set to increase taxes on beer and tobacco over the next five years, aiming to fund development projects and improve public health. This decision follows a cabinet …
Rwanda Increases Taxes on Beer and Tobacco to Fund Development and Improve Health Read More