Tag: Finance ministry

Why Kenya’s Treasury cut 2019 growth estimate to 5.6%

Kenya’s finance ministry cut its 2019 economic growth estimate to 5.6%, from an initial estimate of growth of about 6%.

Kenya’s finance ministry cuts 2019/20 financial year spending plans by 2.1%, what you need to know

The former finance minister Henry Rotich was criticised for raising spending in June and imposing additional tax measures on already squeezed taxpayers.

Former Access Bank CEO speaks on merger with Diamond Bank

CNBC Africa's Kenneth Igbomor also caught up with former CEO of Access Bank Aigboje AIG-Imoukhuede to get his take on the merger.

South Africa’s finmin Gigaba committed to fiscal consolidation after downgrades

South Africa's new Finance Minister Malusi Gigaba said on Wednesday Treasury is committed to fiscal consolidation plans outlined in the 2017 budget after S&P and Fitch downgraded the country to sub-invest

“I’m here, I’m still finance minister” – SA FinMin Gordhan

Pravin Gordhan tells CNBC Africa that he is still finance minister outside the North Gauteng High Court in South Africa's capital, Pretoria. "I'm here, I'm still finance minister," said Pravin Gordhan. This comes on...

Rwanda sets I&M Bank IPO share price at 90 francs

The offer opened on Tuesday and is expected to close on March 3, the ministry of finance said in a statement.

S.Africa's ANC denies Zuma accused Treasury of foiling transformation

ANC spokesman Zizi Kodwa denied the president had attacked the ministry, saying the article was poor journalism.

Nigeria's distributable revenues fell to 444 billion naira in July

Nigeria, Africa's biggest economy and an OPEC member which relies on crude sales for about 70 percent of national income, has been hit hard by the fall in global crude prices since mid-2014.