Financial

Zambia Strikes New IMF Deal to Tackle Debt, Reinforce Growth Path

LUSAKA — Zambia has reached a pivotal agreement with the International Monetary Fund (IMF) to launch a new support programme,…

African Currencies Under Pressure as Dollar Demand Surges: What It Means for Trade and Investment

African currencies came under renewed strain this week as a stronger U.S. dollar and heightened demand for hard currency weighed…

Egypt Looks to Secure Remaining €4 Billion EU Aid by 2027 as Economic Pressures Mount

CAIRO — Egypt has signalled strong confidence that it will receive the remaining €4 billion from a major European Union…

Global Markets Defy Geopolitical Shocks as Investors Kick Off 2026 With Cautious Confidence

Global financial markets showed remarkable resilience on Monday, January 5, 2026, with major stock indices, bond markets and oil prices…

Kenyan Farmers Turn to Family and Customers as Banks, SACCOs Shut Lending Doors

NAIROBI — Struggling to access affordable credit from banks and savings cooperatives, Kenyan farmers are increasingly turning to informal finance…

Kenya’s Private Sector Credit Hits KSh 4.15 Trillion as Lending Momentum Returns, Signalling Economic Confidence

Nairobi — Kenya’s private sector lending rebounded sharply in late 2025, with credit extended by commercial banks climbing to KSh…

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