KAMPALA, Uganda--Kenya's central bank slashed its interest rate by 75 basis points to 11.25% as east Africa's largest economy seeks to rev up sluggish growth amid easing inflation.
The country is expected to receive before the end of the week the fourth tranche of $360 million from the International Monetary Fund (IMF) under the Extended Credit Facility (ECF) with the Fund.
According to NBR data, revenue collection in the 2023-24 fiscal year amounted to Tk362,000 crore (as per iBAS calculations), equating to 7.3% of GDP. The IMF had set a target for revenue collection in ...
An investment chief at a British pension advice firm that has ploughed a pension fund’s assets into Bitcoin has claimed the cryptocurrency could be worth double the entire planet’s economy. Sam ...