IMF declines Zimbabwe’s loan request citing “unsustainable” debt levels
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IMF declines Zimbabwe’s loan request citing “unsustainable” debt levels

ByPauline Kamiri

The International Monetary Fund has declined Zimbabwe’s request for financial support and called for authorities to revamp the country’s unsustainable debt and outstanding official external arrears. The announcement follows a month-long mission to the southern African country that ran from October 16 to November 16 of 2021. IMF noted the significant efforts by President Emerson…

The conundrum of African banking: Why British banks are leaving
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The conundrum of African banking: Why British banks are leaving

ByBrian Kithinji

The 1960s were characterized by the pulling out of British colonial forces as several Anglophone countries gained their independence. However, today, another withdrawal is happening. And it is the banks not troops or administrators that are taking off. The withdrawal of British banks from the continent may appear surprising to many especially as it comes…