Kenya finally to get IMF loan
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The International Monetary Fund (IMF) has backed a $35m (Â£19m) loan to Kenya, with the loan scheduled for December, seven months later than expected.
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The International Monetary Fund may release to Kenya a $35 million loan in December after the country reins in spending on salaries and sets up an anti-corruption commission, a fund official said Friday.
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The board of the International Monetary Fund (IMF) meets today to decide whether Kenya should get Sh18 billion funding under the Poverty Reduction Growth Facility (PRGF).
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Kenya reveals it will bid for the right to stage the 2016 Olympic Games.
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The International Monetary Fund is to offer up to $1bn in financial assistance to each nation affected by the Asian tsunami.
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Text of report by Samuel Otieno entitled "Kenya gets two billion shillings aid to conserve nature" published by Kenyan newspaper The Standard website on 12 February  The government is formulating a national policy on environment to revitalize and regulate the sector.
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Tanzania yesterday signed an agreement with the Norwegian government to finance Property and Business Formalisation Programme that will ensure economic benefits trickle down to ordinary persons in the country.
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The International Monetary Fund on  Wednesday approved $436 million in emergency lending to Iraq  and said it hoped its backing would generate additional  international economic support, including debt relief.
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BRUSSELS, Jan 30 (IPS) - Just one day after Kenya's bitterly disputed  presidential election took place in December, Nairobi received an  aid payment worth nearly 41 million euros (60.5 million dollars)  from the European Union.
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An agreement to boost the voting  power of emerging nations in the International Monetary Fund is  just the start of a difficult process, the IMF's head said on  Wednesday, as the World Bank signaled it was ready to go the  same route.
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Kenyaâs fight against graft received a major boost yesterday when it was dropped from the black list of the most corrupt nations.
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Kenya says it will seek funding for its own undersea internet cable after the delay of an African joint venture.
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As nominations draw to a close,  Dominique Strauss-Kahn is tipped as new IMF leader.
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In Kenya, elections mean money. From  cash to T-shirts to new roads, and the lucrative business of  helping aspirants by fair means or foul, Christmas has come  early in the east African nation.
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The International Monetary Fund approves a $436m emergency reconstruction loan for Iraq, the first loan from an international body.
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The International Monetary Fund approved a $436 million loan to Iraq on Wednesday, a milestone in the nation's effort to normalize its finances and rebuild its economy.
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Kenyan President Mwai Kibaki says he is ready to form a government of national unity, an official statement said.