The International Monetary Fund (IMF) has recently reviewed the economic, financial, social and governance policies of about eight African nations with a view to opening its funding purse to strengthen their weakening forex reserves and offer budgetary support.

Completion of the reviews has resulted in over $1billion in financing commitments for seven of the eight nations pegged on approval by the IMF Executive board.

For more information, please see https://www.theeastafrican.co.ke/tea/business/7-african-nations-set-to-receive-1bn-from-imf-4423358