Kenya Central Bank is ‘Actively Considering' Buying Gold
Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the US dollar and other currencies, according to the country's central bank governor.
'We have basically a group that is looking at the feasibility of doing it and yes, that's something that we're actively considering,' Kamau Thugge said Thursday in an interview with Bloomberg TV in Washington, on the sidelines of the International Monetary Fund and World Bank Spring Meetings. 'I wouldn't want to put a time-line to it.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Touting ‘Trump Cards,' president makes dubious claims, unveils weird new website
On Wednesday night, Donald Trump posted a curious item to his social media platform, referring users to a new website, A day later, the president elaborated on what the endeavor was all about in a follow-up missive: FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING! More than fifteen thousand have signed up and joined the Waiting List since we opened the site last night! That's $75 Billion Dollars to help balance our Budget, and strengthen America. The opportunity to live in the Greatest Country, THE UNITED STATES OF AMERICA, with the largest Economy in the World, is here. This is a once in a lifetime opportunity. THE WAITING LIST IS NOW OPEN. To sign up, go to — If this sounded at all familiar, it's because this wasn't the first time the Republican had broached the subject. Nearly four months ago, the president unveiled plans for a visa program — at the time, it was billed as Trump's 'Gold Cards' — which he said would be similar to green cards, 'but at a higher level of sophistication.' He added that the point was to allow 'very high-level people' to enjoy a new route to American citizenship by giving the government $5 million. There are similar programs elsewhere — the International Monetary Fund refers to these as 'golden passport programs' — though all of this would be quite new to the United States. Bloomberg News' report on this noted that international law enforcement agencies have warned that programs like these 'facilitate criminal activity and are riddled with corruption,' adding: 'The European Commission, the EU's executive branch, has warned for years that golden visa programs expose the bloc to money laundering and security risks.' Trump nevertheless seemed quite excited about the possibility, telling reporters that, according to his math, the program could generate '$50 trillion.' Now, evidently, the White House is moving forward with this plan, unveiling a weird website featuring an image of a gold card emblazoned with Trump's face, the Statue of Liberty (the irony was no doubt lost on the officials who designed this) and the number 5,000,000. The site also made clear that what was described as Trump's 'Gold Cards' in February has been rebranded as 'Trump Cards.' The Washington Post reported, 'Scant details remain on the requirements and criteria necessary to be eligible for the cards, but Commerce Secretary Howard Lutnick has said applicants will be 'deeply vetted.'' How reassuring. As for the 15,000 people who the president claimed have already 'signed up and joined the Waiting List,' resulting in '$75 Billion Dollars to help balance our Budget,' there's no shortage of questions about the relevant details. As USA Today reported, 'The fact that 15,000 people have signed up at does not automatically translate to $75 billion. The website only asks for basic information — it does not seek proof of financial wherewithal and involve any other form of vetting.' Indeed, it's possible that some of those who've signed up don't actually have $5 million, just as it's also possible that some of them come from countries included in the president's latest travel ban. As for whether any of this is legal, USA Today's report added: 'Trump has said that he is not seeking approval from Congress because he is not providing gold card buyers with citizenship — only a path to citizenship. The path to citizenship requirements for card buyers are unclear and White House officials have said more details will be provided soon.' Watch this space. This post updates our related earlier coverage. This article was originally published on
Indianapolis Star
4 hours ago
- Indianapolis Star
Enlivex Therapeutics and Foremost Clean Energy Interviews to Air on the RedChip Small Stocks, Big Money(TM) Show on Bloomberg TV
ORLANDO, FL / ACCESS Newswire RedChip Companies will air interviews with Enlivex Therapeutics (NASDAQ:ENLV) and Foremost Clean Energy (Nasdaq:FMST) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV this Saturday, June 14, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S. Access the interviews in their entirety at: In an exclusive interview, Oren Hershkovitz, CEO of Enlivex Therapeutics, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV to provide a corporate update. Enlivex is pioneering macrophage reprogramming immunotherapy with its Allocetra™ platform, a universal, off-the-shelf cell therapy designed to reprogram macrophages into their homeostatic state. This innovative approach aims to address critical medical challenges, including debilitating diseases like osteoarthritis. In 2024, the company achieved a significant milestone with the initiation of a multi-country, randomize, double -blind, placebo-controlled Phase I/II trial evaluating Allocetra™ in up to 160 patients with moderate to severe knee osteoarthritis. With promising data from the open-label Phase 1 stage of the trial the company had completed the enrollment of 134 patients for the Phase 2 stage and expecting knee osteoarthritis key data by August 2025, potentially paving the way for future therapeutic breakthroughs. Jason Barnard, President and CEO of Foremost Clean Energy, appears on the RedChip Small Stocks Big Money™ show on Bloomberg TV to share the company's strategic vision for advancing uranium exploration in the world-renowned Athabasca Basin. Barnard details Foremost's expansive portfolio of 10 uranium properties spanning over 330,000 acres, including high-priority drill targets at Hatchet Lake and Murphy Lake South, where recent assays confirm strong mineralization and discovery potential. He also discusses the company's transformational partnership with Denison Mines, which brings technical, financial, and strategic backing from a C$2.9 billion uranium leader with a 19.13% equity stake in Foremost. With nuclear energy gaining momentum as a critical clean power source – and global pledges to triple capacity by 2050 – Foremost is uniquely positioned to benefit from structural supply deficits and surging demand. Barnard highlights the company's fully funded 2025 exploration program, robust institutional backing, and dual exposure to uranium and lithium as key drivers of long-term shareholder value. ENLV and FMST are clients of RedChip Companies. Please read our full disclosure at About Enlivex Therapeutics Enlivex is a clinical stage macrophage reprogramming immunotherapy company developing Allocetra™, a universal, off-the-shelf cell therapy designed to reprogram macrophages into their homeostatic state. Resetting non-homeostatic macrophages into their homeostatic state is critical for immune system rebalancing and resolution of life-threatening conditions. For more information, visit About Foremost Clean Energy Foremost Clean Energy Ltd. (NASDAQ:FMST)(CSE:FAT)(WKN:A3DCC8) is a rapidly growing North American uranium and lithium exploration company. The Company holds an option to earn up to a 70% interest in 10 prospective uranium properties (with the exception of the Hatchet Lake, where Foremost is able to earn up to 51%), spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin region of northern Saskatchewan. As the demand for carbon-free energy continues to accelerate, domestically mined uranium and lithium are poised for dynamic growth, playing an important role in the future of clean energy. Foremost's uranium projects are at different stages of exploration, from grassroots to those with significant historical exploration and drill-ready targets. The Company's mission is to make significant discoveries alongside and in collaboration with Denison through systematic and disciplined exploration programs. Foremost also has a portfolio of lithium projects at varying stages of development, which are located across 55,000+ acres in Manitoba and Quebec. For further information, please visit the Company's website at About RedChip Companies RedChip Companies, an Inc. 5000 company, is an international investor relations, media, and research firm focused on microcap and small-cap companies. For 33 years, RedChip has delivered concrete, measurable results for its clients. Our newsletter, Small Stocks, Big Money™, is delivered online weekly to 60,000 investors. RedChip has developed the most comprehensive service platform in the industry for microcap and small-cap companies. These services include the following: a worldwide distribution network for its stock research; retail and institutional roadshows in major U.S. cities; outbound marketing to stock brokers, RIAs, institutions, and family offices; a digital media investor relations platform that has generated millions of unique investor views; investor webinars and group calls; a television show, Small Stocks, Big Money™, which airs weekly on Bloomberg US; TV commercials in local and national markets; corporate and product videos; website design; and traditional investor relation services, which include press release writing, development of investor presentations, quarterly conference call script writing, strategic consulting, capital raising, and more. RedChip also offers RedChat™, a proprietary AI-powered chatbot that analyzes SEC filings and corporate disclosures for all Nasdaq and NYSE-listed companies, giving investors instant, on-demand insights. To learn more about RedChip's products and services, please visit: 'Discovering Tomorrow's Blue Chips Today'™ Follow RedChip on LinkedIn: Follow RedChip on Facebook: Follow RedChip on Instagram: Follow RedChip on Twitter: Follow RedChip on YouTube: Follow RedChip on Rumble: Subscribe to our Mailing List: Contact: Dave Gentry RedChip Companies Inc. 1-407-644-4256 info@ SOURCE: RedChip Companies, Inc. View the original press release on ACCESS Newswire
Business Insider
5 hours ago
- Business Insider
IMF to consider revising Ghana's programme targets after cedi appreciation
The International Monetary Fund (IMF) has indicated that the Ghana cedi's strong appreciation against the US dollar in the first half of 2025 may necessitate adjustments to some of the targets outlined in its ongoing programme with Ghana. Ghana achieved its debt-to-GDP target of 55% three years ahead of schedule, attributed to the strengthened currency. The cedi appreciated over 40% against the US dollar in 2025, positively affecting national debt and economic metrics. Ghana surpassed its IMF international reserves target, reaching GH¢10.6 billion by April 2025. IMF Director of Communications, Julie Kozack, made the comments during a press briefing in Washington, D.C., highlighting that future reviews of Ghana's economic programme will take into account current financial and macroeconomic developments. 'As we look at the programme, we look at all of these developments, including, of course, developments in the exchange rate,' she noted. She further explained that exchange rate fluctuations would be evaluated during subsequent reviews to ensure that the programme's goals remain 'appropriate and achievable.' Programme goals: stability, sustainability and growth Ghana's IMF-supported economic reform, backed by the Extended Credit Facility, revolves around three primary objectives: restoring macroeconomic stability, ensuring long-term debt sustainability, and laying the foundation for robust and inclusive growth. One of the key benchmarks is to reduce Ghana's debt-to-GDP ratio to 55% by the end of 2028. Recent data from the Bank of Ghana indicates that as of April 2025, this target has already been met — significantly ahead of schedule — with the debt-to-GDP ratio now standing at 55%. This achievement is largely attributed to the cedi's steep appreciation against the dollar in 2025, which has positively impacted the country's debt profile. Cedi strengthens by over 40% in 2025 Commercial bank data reveals that the Ghanaian cedi has appreciated by more than 40% against the US dollar since the beginning of the year. As of the end of April 2025, the cedi was trading at GH¢10.26 to the dollar, according to Bank of Ghana figures. President John Mahama, speaking at a recent African Development Bank event in Côte d'Ivoire, disclosed that the currency's appreciation has helped reduce Ghana's debt stock by approximately GH¢150 billion. He further noted in another engagement that the real exchange rate range of the cedi lies between GH¢10 and GH¢12 to the dollar. IMF targets for international reserves also surpassed Ghana has also exceeded the international reserves target set under the IMF programme. By the end of April 2025, the country's reserves stood at GH¢10.6 billion — the equivalent of 4.7 months of import cover. This is significantly above the threshold established in the IMF agreement ahead of its scheduled completion. Next IMF board review set for July 2025 Julie Kozack confirmed that the IMF Executive Board is expected to convene in the first week of July 2025 to assess Ghana's progress under the ongoing programme. 'Upon approval by the Executive Board, Ghana would be scheduled to receive about US$370 million, bringing total support under the External Credit Facility to US$2.4 billion since May 2023,' she stated. Ghana to exit IMF programme in 2026
