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Since 2019, Kenya has received four rounds of disbursements from the DPO facility (DPO 1, 2, 3 & 4) with cumulative disbursements as of the end of June last year standing at Sh419.6 billion ($3.25 billion). Financing from the World Bank and the IMF is expected to be complemented by th...
Kenya’s unemployment rate will worsen in 2024 compared to last year, an assessment by the World Bank has shown, reflecting a tough economic environment that has been characterised by a slowdown in business activity and hiring freezes. In a new report, the World Bank has put the un...
“With Cabinet approval already in place, we are now set to roll out an initial 5,000 kilometres by June 2023. We are also in talks with the World Bank, through the National Treasury, to secure part of the funding for the digital superhighway, through the Kenya Digital Economy Ac...
Kenyan banks carry slightly over one-fifth of Kenya’s total debt stock and about half of the country’s domestic debt. Data from the Central Bank of Kenya (CBK) and the National Treasury shows that banking institutions held 47.51 percent of domestic debt as of the end of October last year...
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“For retail consumers who may face higher tariffs due to the possible end of cross subsidisation if the larger, more lucrative customers were to leave Kenya Power,” said the IMF in reference to World Bank’ concerns. “On the open access draft regulation, the World Bank has cautioned th...
The World Bank has committed $120 million (Sh19.1 billion at current exchange rates) to fund Kenya’s vaccine production facility, which is expected to start operations in 2029. Health PS Harry Kimutai disclosed the funding when he accompanied the World Bank vice president for human d...
Kenya will use part of the Sh156.8 billion loan it recently secured from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its debut Eurobond.
“Broadening access to digital technologies and services is a cross-cutting pathway to accelerate economic growth and job creation, improve service delivery and build resilience,” said Keith Hansen, World Bank Country Director for Kenya, Rwanda, Somalia and Uganda. ...