Daily Archives: June 18, 2013
IMF Executive Board Completes Sixth Review Under Policy Support Instrument for Rwanda and Extends Policy Support Instrument
KIGALI, Rwanda, June 18, 2013/African Press Organization (APO)/ – The Executive Board of the International Monetary Fund (IMF) has completed on June 17, 2013, the sixth review under a three-year Policy Support Instrument (PSI) for Rwanda.1 The Executive Board has also extended the PSI by seven months to end-January 2014. The Executive Board’s decision was taken on a lapse of time basis.2
IMF Executive Board Completes Sixth Review Under the ECF Arrangement for Mauritania and Approves US$16.9 Million Disbursement
NOUAKCHOTT, Mauritania, June 18, 2013/African Press Organization (APO)/ – The Executive Board of the International Monetary Fund (IMF) completed today its sixth and final review of Mauritania’s economic performance under the program supported by an Extended Credit Facility arrangement (ECF)1. The decision enables Mauritania to draw a final amount equivalent to SDR 11.04 million (US$16.9 million).
President Uhuru Kenyatta’s flagship One Laptop for Every Class One pupil project was on Tuesday among the raft of budget lines on the chopping board as the Treasury sought money to avert a looming national strike.
Government agencies are balking at implementing a presidential directive requiring all cargo clearance agencies to operate under the command of the Kenya Ports Authority in Mombasa.
Three nominees to the Kiambu County Public Service Board have moved to High Court seeking to reverse the County Assembly’s decision to reject their appointments.
Kenyans have more recently spent a lot of time focusing on the challenges that the various institutions face executing their mandate and managing their finances.
The International Criminal Court (ICC) has exempted Deputy President William Ruto from attending some proceedings.
Kenya is eyeing a tax and investment deal with South Korea amid growing business ties between the two nations.
The government intends to borrow Sh50.5 billion ($600 million) to fund the first phase of Konza Techno City scheduled to start in December.
Economic activities around Lake Turkana are likely to be affected by the construction of Ethiopia’s Gibe 3 dam.
The government plans a Sh200 billion expansion of the national power grid by 2017 to cater for additional generation capacity and curb system loses.
Plans are under way to modernise three weighbridges in a bid to reduce perennial congestion at the port of Mombasa and ease movement of cargo through the Northern Corridor to the East African countries.
The University Education Consumer Association has moved to court seeking the removal of Paul Wasanga as CEO and Kabiru Kinyanjui as chairperson of the Kenya National Examinations Council (KNEC).