Unrest in Kenya Challenges IMF Targets and Borrowing Costs

Violent unrest that compelled Kenya’s president to withdraw support for a finance bill has cast uncertainty over the country’s ability to meet International Monetary Fund targets and could increase borrowing costs, according to investors and analysts. The bill, which proposed taxes on bread, vegetable oil, sugar, mobile-money transfers, and certain imports, aimed to generate US$2.68 billion, equivalent to 3% of GDP, in additional revenue, as noted by Morgan Stanley’s, Neville Z. Mandimika.

Written by: Leonard Witbeen

Future Media FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS Kenya protests Kenya's president Morgan Stanley's Neville Z. Mandimika.

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Namibia needs US$ 9 billion (N$166.5 billion) to set up a nuclear power plant

By: Hertha Ekandjo Energy expert, Andreas Simon says Namibia needs between US$ 6 and 9 billion (N$166.5 billion) to set up a nuclear power plant depending on the scale and technology used. President Netumbo Nandi-Ndaitwah suggested over the weekend that Namibia should move towards a nuclear power plant. She said […]

14 April, 2025 238

Africa

Swartbooi says that more funds won’t fix education sector

https://youtu.be/Scr3P0W8bw8 By: Josia Shigwedha Landless People’s Movement (LPM) leader Bernadus Swartbooi says despite the increased budget allocation to the ministry of education, no real changes will be seen in the country’s education sector. This comes after the recently merged education ministry saw a budget increase from around N$18 billion […]

8 April, 2025 20