Topic: World Bank
Kenya’s Sh898 billion borrowing in 2023-2024 FY signals deepening debt crisis
Dec 10, 2024 at 10:07 PM
Kenya’s insatiable appetite for loans has added 36 new foreign debts worth Sh898 billion to its books during the 2023-2024 fiscal year, according to the Africa Centre for Open Go...
World Bank cuts Kenya's 2024 economic growth projection by 0.3 per cent
Dec 10, 2024 at 03:39 PM
The World Bank has revised Kenya's economic growth projection for 2024 to 4.7 per cent, down from an earlier estimate of 5.0 per cent....
Equity's James Mwangi picked for World Bank high-level advisory council on jobs
Dec 04, 2024 at 09:39 AM
Equity Group Managing Director and CEO Dr James Mwangi has been picked to join the World Bank Group’s newly established High-Level Advisory Council on Jobs....
ELIZABETH WASUNNA: The power of partnerships in elevating women-owned SMEs in Africa
Sep 16, 2024 at 03:01 PM
It is often said that ‘if you want to go fast, go alone but if you want to go far, go together’. It is also argued that no economy can achieve its full potential without the pa...
-1725275484.jpg)
World Bank appoints Qimiao Fan as new country director for East Africa
Sep 02, 2024 at 02:11 PM
The World Bank Group has announced the appointment of Qimiao Fan as the new country director for Kenya, Rwanda, Somalia, and Uganda....
World Bank raises concerns over Kenya's revenue projections and tax policies
Jun 08, 2024 at 03:43 PM
The World Bank has issued a warning to Kenya, highlighting the negative impact of unpredictable tax changes on the country's economic stability....
Why Govt is mulling slashing its public sector wage bill to 35 per cent by 2028
Apr 16, 2024 at 10:47 AM
The government announced plans to reduce the public sector wage bill from 43 per cent to 35 per cent of national revenue by 2028....
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
Treasury Bill rates signal potential peak in domestic borrowing costs
Apr 08, 2024 at 10:17 AM
In a notable turn of events, interest rates across Kenya's Treasury bills have seen a decline for the first time in over two years, marking a potential shift in the trajectory of g...
Kenyan banks gear up for competition to disburse Sh50 billion Green Investment Fund
Apr 05, 2024 at 09:26 AM
Kenyan banks are anticipating a competitive race to become the distributors of a substantial Sh50 billion green investment fund....
Kenya receives less World Bank funding by Sh39.3 billion despite fiscal deficit
Apr 04, 2024 at 12:35 PM
Kenya's hopes for a Sh1.5 billion ($1.2 billion) cash injection from the World Bank have been trimmed to Sh157.7 billion ($1.2 billion)....
Cabinet approved crackdown on illicit brews and drugs, pursues rehabilitation
Mar 13, 2024 at 06:41 PM
The Kenyan Cabinet has thrown its weight behind a multi-pronged approach to tackle the production, sale and consumption of illicit brews and narcotic drugs across the country....
World Bank's generous Sh67.7 funding catalyzes agricultural revolution in Kenya
Feb 15, 2024 at 08:56 PM
Kenya's agriculture sector is experiencing a notable transformation, thanks to the injection of $450 million (Sh67.7 billion) by the World Bank, aimed at supporting reforms in the ...
Kenyans in diaspora offered innovative dollar bond to fuel Kenya's growth
Feb 05, 2024 at 10:30 AM
Kenyans abroad will have a unique opportunity to invest in their homeland's economic transformation with the launch of a novel dollar bond initiative....
Kenya's clean energy leap gets Climate Investment Funds' Sh11.2 billion boost
Feb 02, 2024 at 11:42 PM
Kenya's ambitious plan to become entirely reliant on renewable energy by 2030 has received a major shot in the arm with a Sh11.2 billion ($70) million endorsement from the Climate ...
-1705051849.jpg)
2023 Telegram blackout caused Sh4.2 billion impact on Kenya’s economy
Jan 12, 2024 at 12:37 PM
The November 2023 hiatus of the Telegram messaging platform dealt a severe blow to Kenya's economy, with an estimated loss of $27.02 million (Sh4.2 billion), as unveiled by calcula...
IFC pours Sh3 billion into IHS Kenya's Green Affordable Housing endeavour
Dec 21, 2023 at 06:00 AM
In a move towards advancing Kenya's affordable housing sector, the International Finance Corporation (IFC) has formalized an equity investment, amounting to Sh3.08 billion ($20.9 m...
Kenya injects Sh1.3 billion to propel local SMEs to achieve global competitiveness
Dec 05, 2023 at 03:21 PM
Kenya has embarked on a transformative initiative by channelling Sh1.3 billion in World Bank-backed grants to bolster 150 small and medium-sized enterprises (SMEs) across the natio...
Kirinyaga County embarks on land tenure regularization for colonial villages
Nov 28, 2023 at 03:16 PM
Kirinyaga County has initiated the process of land tenure regularization for 11 select villages previously designated as colonial villages, a move aimed at providing legal ownershi...
World Bank reveals Sh1.8 trillion loan facility for Kenya over three fiscal years
Nov 20, 2023 at 10:38 PM
World Bank has pledged to advance to Kenya a loan of $12 billion, which is equivalent to Sh1.8 trillion, towards supporting the government’s development projects over three years...
