International Monetary Fund

Kenya
Another cement giant pulls the plug on KPLC

The Kenya Power and Lighting Company's soaring electricity prices have prompted regional titan Mombasa Cement to abandon the state utility and switch to a private supplier. In so doing, it follows in the footsteps of Narendra Raval.

Kenya
Ruto struggles to sweeten sugar sector

The president's bid to invigorate Kenya's sugar industry is taking place in a decidedly gloomy atmosphere. Small producers are deserting the sector, while refineries have been lying idle for months.

Kenya
Uchumi Supermarkets abandoned first by Kenyatta and now Ruto

Neither Uhuru Kenyatta's administration nor that of his successor William Ruto have shown any desire to rescue the heavily indebted state-owned retail chain. Against this backdrop, the IMF is putting pressure on the government to limit perilous bailouts.

DRC
IMF remains cautious ahead of polls

Following the visit to Kinshasa in mid-September by a technical mission under the Extended Credit Facility agreement, the IMF expressed concern at an increase in spending in the run-up to the forthcoming elections.

The New Guard
Nigeria, Gabon, DRC, Egypt

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Nigeria Ajuri Ngelale, Tinubu's rising comms star

Gabon Anges-Kevin Nzigou, the key opposition lawyer ready to pounce

DRC Junior M'Buyi, the international finance expert back in Kinshasa

Egypt Serial investor Mohamed ‘Nagaty' Aboulnaga strikes again