World Bank Stories

Ikuje Garre, iteremke Modogashe! What are the facts in Ruto's claimed road project?
Barack Oduor  |  Feb 20, 2025

As some Kenyans, mostly the youth, criticise Ruto for making yet another promise, which they doubt he will keep, others have printed t-shirts with ill...

Over half of Kenya’s revenue to be consumed by debt repayment, Treasury report says
Maureen Kinyanjui  |  Feb 19, 2025

Constitutional commissions such as the National Land Commission, the Salaries and Remuneration Commission, and the Commission on Revenue Allocation wi...

Kenya’s loan spree: Government borrowed Sh23.83 million per hour in four months
Lucy Mumbi  |  Feb 17, 2025

The document reveals that the government secured 18 new loans from both bilateral and commercial creditors during the four months.

UN rights office condemns continuing Israeli military operation in West Bank
UN News  |  Feb 16, 2025

Many of those killed were unarmed and posed no imminent threat, said the UN rights office, calling the killings “part of an expanding pattern of Israe...

Remittances by Kenyans in diaspora reduce by Sh2.3 billion in January as US remains largest source
Alfred Onyango  |  Feb 15, 2025

With the shilling constantly trading at an average of 129, it arguably means diaspora Kenyans are left in a tight spot while deciding whether to send...

Ethiopia signs Sh231 million deal with UN Office for Project Services to upgrade blood storage capacity
Maureen Kinyanjui  |  Feb 14, 2025

Key components of the initiative include assessing, designing, procuring, installing, modifying, testing, commissioning, and handing over state-of-the...

Most Kenyans prefer digital banking as they seek better service and lower costs, KBA report shows
Charles Adinda  |  Feb 13, 2025

Financial exclusion continues to be a pressing issue, with 10.63 per cent of customers requiring special accommodations such as braille or screen read...

CBK projects cheaper fuel in 2025 will ease burden on businesses, households
Lucy Mumbi  |  Feb 08, 2025

Transport costs could reduce significantly, benefitting public service vehicles, ride-hailing services, and private motorists.

Controller of Budget launches investigations into suspect bank accounts in counties
Lucy Mumbi  |  Feb 08, 2025

Nyakang’o said her office is scrutinising the accounts to determine when they were opened, who manages them, and their intended purpose.

Central Bank pressures 13 banks to meet Sh10 billion core capital requirement
Maureen Kinyanjui  |  Feb 07, 2025

The move follows amendments to financial sector laws late last year when the President signed the Business Laws (Amendment) Bill into law.

Consumers brace for tougher times as report shows global rise in food prices
Alfred Onyango  |  Feb 07, 2025

Ideally, when agricultural, cereal and export price indices increase, it often signals a rise in the cost of essential food commodities like grains an...

Central Bank of Kenya warns of hefty fines for banks will not reduce lending rates
Maureen Kinyanjui  |  Feb 06, 2025

This announcement follows the CBK's latest reduction of its benchmark lending rate by 50 basis points, bringing it to 10.75 per cent from 11.25 per ce...

Kenya becomes first African country to establish accredited biobanks
Lucy Mumbi  |  Feb 04, 2025

The initiative will ensure that the country aligns with international standards, allowing Kenyan research findings and medical results to be recognise...

Relief for borrowers as Kenyan banks reduce lending rates after CBK push
Maureen Kinyanjui  |  Jan 30, 2025

This change comes in response to pressure from the banking regulator, signalling a potential shift in the lending landscape.

African nations seek to connect 300 million people to power by 2030
Reuters  |  Jan 28, 2025

The continent has the highest number of people without access to electricity globally and is racing to connect homes to power by 2030 under a plan dub...

Four Israeli soldiers swapped for 200 Palestinians; north Gaza shut over hostages
Reuters  |  Jan 26, 2025

Cheering crowds greeted the releases on either side, including Israelis gathered in Tel Aviv and Palestinians assembled in Ramallah.

Covid-19 fraud mastermind Mukhtar Shariff sentenced to 17 years in prison
Abdirahman Khalif  |  Jan 25, 2025

The sentencing marks one of the harshest penalties handed down in connection with the $250 million "Feeding Our Future" fraud case.

Africa is second most unequal region in the world - World Bank
Alfred Onyango  |  Jan 26, 2025

Additionally, the lender highlights that the region has also made slow progress in expanding the ranks of its middle class, additionally stating that...

West Bank violence imperils Gaza ceasefire, UN rights office warns
Reuters  |  Jan 24, 2025

The operation was launched within days of the start of a ceasefire in Gaza that saw the first exchange of Israeli hostages for Palestinian prisoners h...

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