Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


IMF boss jets in to Kenya

19 October 2011, 09:26

Nairobi - Finance minister Uhuru Kenyatta announced in parliament that the IMF’s chief, Christine Lagarde’s is scheduled to visit Kenya on October 18, 2011, the Daily Nation reports.
Kenyatta was addressing MPs on the state of the shilling, following last week’s statement by Joseph Kinyua, Finance permanent secretary who said that the government would be asking between Sh25 billion ($250 million) and Sh35 billion ($350 million) from the IMF, in a bid by Treasury to boost the shilling’s value against the dollar. 

Kenyatta said that he was unaware that five banks were hoarding stocks of the dollar and that there had never been discussions of any five banks alleged to be behind the depreciation of the shilling of the shilling.

Kenyatta’s statement directly contradicts a disclosure by CBK governor Njuguna Ndung’u who said on June 23 that an audit by the regulator had showed the five banks exported $260 million (Sh26 billion) over one week.

For more visit Daily Nation

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
S Mbinya
Why he does not call your name

A slip of the tongue can happen just any time. Read more...

Submitted by
George Vodongo
Why Boniface Mwangi wants DP Ruto...

Photojournalist and activist Boniface Mwangi is now demanding for the Deputy President William Ruto’s tax returns. Read more...

Submitted by
Vincent Munga
Jambojet increases flight frequen...

Jambojet will increase its flights to Mombasa from 22 to 31 flights a week, while Kisumu, Eldoret and Ukunda will have a total of 20 flights per week each.  Read more...

Submitted by
George Vodongo
Al Shabaab attack Mandera hotel, ...

A total of 33 non-locals were in the hotel when the assault was launched.  Read more...

Submitted by
Shakila Alivitsa
4 ways to handle your cheating ma...

He is cheating. How do you handle him?

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?