Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

IMF greenlights $1bn loan to Tanzania – Capital Business – Capital FM Kenya

Hi, what are you looking for?
Government to revitalize Postal Corporation of Kenya, CS Owalo
Bolt eyes more affordable solutions for drivers
Twitter takeover raises fears of climate misinfo surge
Apple says iPhone production hit by China Covid lockdown
Twitter starts rolling out new paid subscription
Digital Transformation Awards to be held in November
Meta to launch ‘metaverse academy’ in France
PE firm Ascent Capital buys majority in Valley Hospital in Nakuru
Mastercard, OPay announce strategic partnership to grow cashless ecosystem
Does the 12pc minimum wage have a discernible effect on employment?
Audit report unearth over 600 ghost workers in Migori County 
Murkomen reveals details of elusive SGR contract
Nairobi seeks Sh400mn from advertisers, issues a 10-day payment ultimatum
Bungoma eyes tourists, sports lovers through a new sports club
Governor Lusaka reveals irregularities in Bungoma’s Scholarship Fund
IFC Managing Director Makhtar Diop sits down with Sauti Sol
Seasoned Content Creators Jacky Vike And Jaymo Ule Msee Offer Great Advice To Newbies
Creativity in Marketing: What it Takes to Create Powerful Campaigns
Capital FM, EABL and MSK in partnership to launch marketing-driven podcasts
AgriTechs bet on Kenya’s mobile coverage to make farming more productive
Capital FM’s Digital Director David Muba and EABL’s Head of Media Futures Waithera Kabiru Discuss their Digital Careers
The Importance of the Role of Marketing in an Organisation as told by Graham Villiers-Tuthill
Growth, Love and Education in the Life of Funke Michaels
Head of Brand and Marketing Communications at Safaricom, Carolyne Kendi, Shares Her Atypical Marketing Journey
Manish Sardana on Entrepreneurship, Leadership and What it takes to be Successful in a Digital World.
Capital FM commemorates anniversary of Chris Kirubi’s death
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
By
Published
San FranciscoUnited States  July 19 – The International Monetary Fund said Monday it has granted Tanzania a $1.046-billion loan over 40 months, primarily to help the country cope with the consequences of the war in Ukraine. 
“Spillovers from the war in Ukraine are stalling the Tanzanian economy’s gradual recovery from the Covid-19 pandemic, exacerbating the country’s development and reform challenges to unleash its economic potential,” the IMF said in a statement.
As a result, the fund’s experts believe that the African country will need help to carry out reforms and “unleash its economic potential.”
Tanzania is to immediately receive the equivalent of $151.7 million. It had already received a loan of $567 million at the end of 2021 to meet its most urgent needs, when the Covid-19 pandemic had severely hampered its economic development, particularly in the tourism sector.
The war in Ukraine has caused food and fuel prices to soar worldwide, and the rise in wheat prices is “particularly worrying,” said the IMF in a recent report entitled “A new shock and little room for maneuver,” because sub-Saharan Africa imports 85 percent of its cereal consumption, with particularly high amounts going to Tanzania, Ivory Coast, Senegal and Mozambique.
The project that was announced on Monday, which is part of the Extended Credit Facility (ECF), should help finance reforms to improve Tanzania’s financial stability, carry out public investments and support the private sector.
“Recognizing Tanzania’s strong track record in reform implementation, directors supported the authorities’ requests for an ECF arrangement to meet pressing financing needs,” said Bo Li, an IMF official quoted in the statement.
Among other objectives, he also mentioned the importance of continuing vaccination campaigns on a larger scale.
NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
© 2022 Capital Digital Media. Capital Group Limited. All Rights Reserved

source

Author

Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.