World Bank Stories
Africa’s agribusiness sector embodies the continent’s untapped potential for structural transformation.
According to a statement from the National Treasury, the ITS project is a key component of Kenya’s integrated transport management framework.
In its latest November economic update, the World Bank notes that despite a rapidly growing working-age population, formal employment growth has stagn...
The upward revision follows faster recovery in sectors previously weighed down by tight monetary policy, fiscal consolidation and policy uncertainty t...
The decision has faced scrutiny from some political leaders who raised concerns about transparency. However, the county has directed all Level 4 and 5...
The payments, set to begin in December, aim to support families affected by land acquisition and disruption of livelihoods along the route.
Globally, the analysis shows that the geographic distribution of extreme poverty has undergone a major transformation.
This is only the second recorded contraction in agent cash volumes since CBK started tracking the data in 2007, following a 2.7 per cent decline in th...
As the bank expands its services, it is expected to positively impact the local economy by providing much-needed financial services to individuals and...
Officials reiterated that Israel’s assertion of sovereignty over the occupied West Bank and its annexation of parts of it, are in breach of internatio...
Postpartum haemorrhage remains one of the deadliest complications of childbirth, claiming the lives of tens of thousands of women every year. Globally...
The proposed regulations will empower the Central Bank of Kenya (CBK) to levy heavier penalties on banks that fail to follow the Banking Act and other...
Beyond regional trade, remittances from Kenyans living abroad have reached a historic Sh1 trillion as of November 2025.
In a rare statement on X on Wednesday, Herzog denounced the incident, criticising violence targeting both civilians and Israeli Defence Forces (IDF) s...
Analysts see this as a deliberate shift toward local funding, consistent with President William Ruto’s goal to reduce reliance on costly foreign loans...
The directive, issued by Nairobi County Secretary Godfrey Akumali on November 5, instructed CEOs of Level 4 and 5 hospitals, along with officers manag...
With a Sh19.4 billion pledge, UBA aims to modernise Kenya’s transport, energy, and infrastructure sectors while fostering regional trade and supportin...
They allege that the policy could point to irregular financial arrangements involving Sidian Bank, and want the court to intervene before public funds...
According to the lender, this disparity highlights ongoing challenges in ensuring that millions across the continent can prove who they are, a fundame...
Managing Director Phillip Mainga informed the Parliamentary Committee on Implementation that Kenya Railways had reached an agreement with the State De...
Declining freshwater reserves are not only reshaping ecosystems but also undermining employment, particularly in countries heavily reliant on agricult...
The continent accounted for over $15 billion (Sh1.9 trillion) of IFC commitments last year, with roughly 30 per cent already in local currencies.
The lender attributes the growth to stronger sales and an improving economic environment, which encouraged firms to step up purchasing and production.
Saudi Arabia rolled out the skill-based work permit system in mid-2025, with reclassification of existing workers beginning June 18 and new arrivals c...
Production capacity in major exporting countries remains constrained, and although shipping and energy costs are easing, they have not dropped enough...
Kenya and eight partner countries are embedding climate resilience into their health systems through a World Bank–funded regional programme aimed at c...
Despite Migori’s strong start, Equity struck first in the 28th minute after a defensive lapse allowed George Kamau to pounce and slot home from close...
The report also highlights Kenya's continued appeal as a technology and innovation hub, pointing to major investments by global giants such as Google,...
The report, which covered 36 banks and microfinance institutions, showed that for every Sh100 profit, the exchequer collected Sh38.50 in taxes.
According to the findings, most firms still have unused capacity, allowing them to respond to surging demand without making large new investments.
