Topic: World Bank
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 ...
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...
Kenya Power's Last Mile connectivity programme faces Sh5 billion funding cut
Nov 07, 2023 at 10:30 PM
Kenya Power and Lighting Company (KPLC)'s ambitious Last Mile Electricity Connectivity Programme has faced a severe setback as the government has slashed its funding by Sh5 billion...
CHELSEA AOKO OUMA: Unmasking the high maternal and child mortality rates challenge in Kenya
Oct 31, 2023 at 06:43 PM
In the heart of East Africa, Kenya stands as a nation of breathtaking landscapes and vibrant culture....
Kenya's debt to World Bank reaches staggering Sh1.5 trillion amid currency depreciation
Oct 26, 2023 at 05:15 PM
The Central Bank of Kenya recently released data revealing that the nation's debt from the World Bank surpassed Sh1.5 trillion in June, due to increased disbursements and the depre...
Kiambu leaders accuse Governor Wamatangi of frustrating development
Oct 18, 2023 at 08:12 PM
Cabinet Secretary for Lands, Public Works, Housing, and Urban Development, Alice Wahome, has called upon elected leaders from Kiambu County to set aside their personal differences ...
Kenya and World Bank launch SKIES initiative to boost innovation ecosystem
Aug 23, 2023 at 01:32 PM
Kenya and the World Bank have jointly announced the launch of the Strengthening Kenya's Innovation Ecosystem (SKIES) initiative, inviting applications from incubators, accelerators...
Safaricom Ethiopia gets crucial funding for its greenfield network construction
Aug 07, 2023 at 01:14 PM
Safaricom Ethiopia is set to receive funding through the World Bank Group after the deal was closed during a funding ceremony held at the firm’s headquarters in Addis Ababa, Ethi...
World Bank set to expand its Kenya budget support loan to Sh129 billion
Mar 13, 2023 at 01:48 PM
Kenya expects to use the extra funding it is seeking from the Bretton Woods institution to plug the budget discrepancy in the 2022-2023 financial year that ends on June 30....
William Ruto calls for a paradigm shift in current climate action financing model
Feb 19, 2023 at 01:13 PM
President William Ruto has called for a new paradigm shift in the financing of climate action....
World Bank has pledged to support Hustler Fund, State House announces
Feb 08, 2023 at 12:09 PM
World Bank is an international financial institution that provides loans and grants to governments of low and middle income countries for use in pursuing capital projects....
Nancy Marangu: Strategic policy and entrepreneurship expert passionate about Kenyan film industry
Nov 18, 2021 at 12:40 PM
Nancy Marangu is an expert in matters policy and entrepreneurship. She is a strategic advisor, trainer, communicator, and writer....
KEMSA board appeals to counties to settle Sh3.9 billion in pending bills
Nov 17, 2021 at 01:35 PM
The Kenya Medical Supplies Authority (KEMSA) board has issued a passionate appeal asking several county governments to prioritise settlement of more than Sh3.9 Billion pending bill...