Kenya has intensified its push for debt relief and economic support as Treasury Cabinet Secretary John Mbadi led a high-level delegation for bilateral discussions with the World Bank, amid growing concerns over the country’s unsustainable debt levels and shrinking fiscal space.

The meetings, held alongside the ongoing IMF and World Bank Annual Meetings, come at a pivotal time.

Kenya’s public debt has exceeded KSh 11 trillion, representing close to 70 percent of GDP, a level that economists warn poses significant risks to economic recovery and macroeconomic stability.

Speaking after his engagement with World Bank executives, Mbadi acknowledged the urgency of the fiscal challenges, saying the government was actively seeking both debt…

Kenya has intensified its push for debt relief and economic support as Treasury Cabinet Secretary John Mbadi led a high-level delegation for bilateral discussions with the World Bank, amid growing concerns over the country’s unsustainable debt levels and shrinking fiscal space.

The meetings, held alongside the ongoing IMF and World Bank Annual Meetings, come at a pivotal time.

Kenya’s public debt has exceeded KSh 11 trillion, representing close to 70 percent of GDP, a level that economists warn poses significant risks to economic recovery and macroeconomic stability.

Speaking after his engagement with World Bank executives, Mbadi acknowledged the urgency of the fiscal challenges, saying the government was actively seeking both debt…

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“IBC code” most commonly refers to India’s Insolvency and Bankruptcy Code,2016, an act that consolidates and amends laws for the time-bound resolution of insolvency for corporate bodies, firms, and individuals.

The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian Companies. The National Company Law Tribunal is the adjudicating authority for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016, while the National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013, for hearing appeals against the orders of National Company Law…

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The receiver of Griffin Coal says it is ramping up operations for what could be the West Australian coal miner’s last chance to trade its way out of insolvency.

Griffin Coal receiver and manager, Sean Holmes, said the mine had been buoyed by improving prices and new customers.

He said it planned to be operating “for some time to come”.

“It’s a more stable, robust operation that’s actually delivering more coal to other customers as well as more coal to Bluewaters [power station] than it probably has in a decade,” he said.

His optimism belied the fast-approaching end to state government subsidies, which have totalled more than $300 million, that have kept the business afloat since 2023.

Meanwhile, Griffin seems no closer to resolving a

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