world bank loans Stories

Kenya misses out on Sh96.9bn World Bank loan after anti-graft Bill stalls
Maureen Kinyanjui  |  Jun 05, 2025

The government now plans to borrow Sh591.9 billion from the local credit market to bridge a Sh876.1 billion budget deficit in the financial year start...

Saudi Arabia, Qatar to settle Syria's outstanding arrears of around $15 million to World Bank
Reuters  |  Apr 27, 2025

The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...

Kenya seeks Sh37.6 billion IMF funds cut citing lower financing pressures
Amina Wako  |  Nov 05, 2024

Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...

Museveni chides World Bank, urges audit of intentions behind loans
Amina Wako  |  Apr 30, 2024

Museveni accused the bank of emphasising profit-driven agendas and prioritising loans for seminars at the expense of Africa's development.

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