African leaders approve creation of Ksh2T financial stability fund

African leaders have approved the establishment of a $20 billion (Ksh 2.78 trillion) continental financial stability fund, the African Development Bank (AfDB) said, a move designed to stave off potential debt crises on the continent before they take hold. The facility, known as The African Financial Stability Mechanism (AFSM), will get its credit rating to allow it […]

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