Kenya’s principal secretary for National Treasury calls for strengthening of Africa’s public financial management
In a speech read on his behalf by Michael Kahiti, Director of Planning and Head of the Africa Division of National Treasury, during the opening of the 2025 Africa Public Expenditure and Financial Accountability (PEFA) Public Financial Management (PFM) Flagship Training Programme organised by the African Development Bank in Nairobi, Dr Kiptoo said these persistent shocks have constrained the fiscal space, depressed the international financial flows and increased the cost of borrowing.
Africa’s major currencies expected to remain stable amid slow activity in financial markets
Zambia’s kwacha is expected to be trade around its current levels but some analysts said it could gain further out as the economic outlook improves. On Thursday the kwacha was quoted at 24.39 per dollar from 24.45 a week ago.
Africa 2025 International Association of Deposits Insurers conference lays emphasis on continent’s financial resilience
Speaking on behalf of KDIC, Board Chair Hannah Muriithi said the corporation’s mandate goes beyond mere compensation but encompasses promoting sound risk management, timely intervention, and the resolution of troubled institutions.
