Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Kenya Secures $1.2 Billion from World Bank to Address Budget Constraints

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • World Bank’s DPO financing to support Kenya’s development projects and budgetary challenges
  • Loan includes conditions for fiscal reforms and operational efficiency

 

Nairobi, Kenya – Kenya has successfully secured $1.2 billion from the World Bank’s Development Policy Operations (DPO) financing, a deal that has been in the works since 2019. This funding is aimed at helping the country address ongoing development projects and budgetary challenges.

Stay ahead with Real time Updates

Recent Business

People on the street of Addis Ababa, Ethiopia. Photo by Getu Degefu Adugna @ Pixabay
Ethiopia secures IMF deal to unlock $261mn as reforms gain global backing
11/12/2025
49 minutes ago
Michael Masrie
Read More »
Oil rig. Photo @ Pixabay
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
10/12/2025
17 hours ago
Alhousseiny Djigo
Read More »
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
10/12/2025
19 hours ago
Joshua Worlasi Amlanu
Read More »
Custom Research

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
09/12/2025
1 day ago
Wanderi Kamau
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
07/12/2025
3 days ago
Kent Mensah
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
02/12/2025
1 week ago
Wanderi Kamau
Read More »

Latest Posts

Latest news insights

People on the street of Addis Ababa, Ethiopia. Photo by Getu Degefu Adugna @ Pixabay
Read More »
Ethiopia secures IMF deal to unlock $261mn as reforms gain global backing
Oil rig. Photo @ Pixabay
Read More »
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Oil rig. Photo @ Pixabay
Read More »
Senegal markets 2.93m barrels of oil in November as Sangomar output stabilises
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Solar farm. Photo by Michael Förtsch @ Unsplash
Read More »
US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip
Independence Arch, Accra, Ghana. Photo by Nana Kwandoh @ Unsplash
Read More »
Ghana’s economy grows 5.5% in Q3 as services and agriculture offset oil slump
Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Read More »
DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal
Solar farm. Photo by Michael Förtsch @ Unsplash
Read More »
US backs Morocco solar pivot with $870mn polysilicon play to loosen China’s grip
Nairobi, Kenya © Unsplash
Read More »
Kenya cuts key rate to 9% as easing inflation boosts lending outlook