Seychelles to receive $34 million loan from IMF, rules out paying public servants bonuses
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Seychelles to receive $34 million loan from IMF, rules out paying public servants bonuses

Seychelles’ financial woes may ease in the coming days as the International Monetary Fund (IMF) has approved the second disbursement of $34 million. The announcement came as cabinet ministers decided that employees of state-owned enterprises will not receive any bonuses or incentives for 2021. The disbursement by IMF is part of the 32 month extended…

East Africa’s investors lobby pushes for elimination of non-tariff barriers
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East Africa’s investors lobby pushes for elimination of non-tariff barriers

The East African Business Council (EABC) is pushing for a bilateral meeting to eliminate all remaining non-tariff barriers between Kenya and Uganda so as to further accelerate post-COVID economic recovery and foster integration across the wider region. According to this apex body that represents interests of investors and businesses in the region, a quick convening…