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Kenya receives $210 mln in loans from TDB, finance minister says

Kenya receives $210 mln in loans from TDB, finance minister says

THE Trade and Development Bank (TDB) has lent Kenya $210 million, Finance Minister Njuguna Ndung'u told Reuters on Friday, ahead of the maturation of a $2 billion Eurobond in June. Falling hard currency reserves, a steep weakening of the Kenyan shilling and revenue challenges have raised questions about the country's ability to make the Eurobond payment, although the International Monetary Fund (IMF) said on Thursday that it does not expect Kenya to default. The loan facility by the TDB, an African development finance institution serving 25 member states, is part of its mandate to raise $1 billion for Kenya's liability management, Ndung'u…
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Death toll rises to 14 in Congo church attack claimed by Islamic State

Death toll rises to 14 in Congo church attack claimed by Islamic State

THE death toll from a church bombing in the east Democratic Republic of Congo has risen to 14, an army spokesman said. Islamic State claimed responsibility for the attack on a Sunday service at a Protestant church in the eastern city of Kasindi, near the border with Uganda. Local army spokesman Anthony Mwalushayi told Reuters the number of casualties had increased to 14 deaths and 63 wounded, from five and 15, respectively, announced on Sunday. The army blamed the attack on the Allied Democratic Forces (ADF), a Ugandan militant group that pledged allegiance to the Islamic State in 2019. The militant group could not…
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