Search

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

  • 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.

Recent Business

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
Read More »
A happy cocoa farmer. Photo @ Pixabay
Ghana loses $1.1bn to cocoa smuggling in three-year border crisis
Read More »
A shopper at a supermarket. Photo @ Unsplash
Nigeria’s annual inflation slowed to 16% in October
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »

Latest Posts

Latest news insights