Topic: World Bank
Sh519 million boost for ASAL counties as KDC targets livestock value chains
May 14, 2025 at 12:33 PM
A Sh519 million investment has been channelled into Kenya’s Arid and Semi-Arid Lands (ASALs), targeting livestock value chains in over 20 counties through the DRIVE Programme, a ...
IMF set to assess Kenya’s debt as Sh3.36 trillion repayment deadline looms large
May 13, 2025 at 12:50 PM
The International Monetary Fund (IMF) is preparing to scrutinise Kenya’s debt profile through a formal debt sustainability analysis, a critical step in determining whether the co...
Trump’s Sh74.8 billion AfDB funding cut threatens power plans by African states
May 09, 2025 at 06:00 PM
Donald Trump’s administration plans to slash Sh74.8 billion ($555 million) from the United States’ contributions to the African Development Fund (ADF), a move that could imperi...
Ruto calls for a new global order, says post-war system has failed Global South
Apr 23, 2025 at 05:24 PM
President William Ruto has called for the dismantling of the decades-old global governance structure, saying the current world order—born out of the post-World War II consensus�...
Kenya seeks new IMF deal as missed disbursement raises funding concerns
Mar 25, 2025 at 12:53 PM
Kenya's government has applied for a new lending programme with the International Monetary Fund (IMF) after forgoing the final review of the existing arrangement....
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...
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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 ...
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