Kenya’s Central Bank governor, Patrick Njoroge, says the national debt reached 56.5 per cent of the Gross Domestic Product (GDP) in September, 2018. Njoroge told a news conference on Tuesday in Nairobi that the apex bank, however, had room to refinance the debt to reduce the costs of servicing it. He said that the apex […]
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Kenya’s apex bank says national debt hits 56.5 percent of GDPKenya's debt profile had risen from 42 percent of the GDP since President Uhuru Kenyatta came to power in 2013, angering opposition critics.
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Absa Bank rules out Nigerian bank acquisition - Vanguard News NigeriaSouth African leading commercial bank, Absa (Amalgamated Bank of South Africa) has ruled out the acquisition of a Nigerian bank in the pursuit of its aggressive growth strategy. Absa’s Chief Executive Officer, Maria Ramos, disclosed this to Reuters on the sidelines of the World Economic Forum in Davos yesterday.
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Okonjo-Iweala Eyes World Bank President PostNigeria’s former Minister of Finance, Ngozi Okonjo-Iweala has made her intentions of vying for the post of World Bank’s President known. Okonjo-Iweala, in an interview with Richard Quest on Cable News Network (CNN), made this known in Davos, Switzerland. She said: “I know that, because I contested the last time in 2012, and many people […]
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Okonjo-Iweala 'ready' to be World Bank president - Daily Post NigeriaNigeria's former Minister of Finance, Ngozi Okonjo-Iweala, has said she is ready to lead the World Bank, if nominated for the job. Okonjo-Iweala stated thi
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