world bank loans Stories

Sh438 million water agency loan default piles pressure on taxpayers eight years on, Auditor General warns
Lucy Mumbi  |  Aug 03, 2025

Auditor General Nancy Gathungu, in her audit report for the financial year ending June 2024, disclosed that the authority, tasked with overseeing the...

World Bank withholds Sh96.93 billion loan to Kenya over delayed reforms
Lucy Mumbi  |  Jul 24, 2025

The loan, part of the World Bank’s Development Policy Operations (DPO) facility, was expected this month but now hangs in the balance over unmet refor...

World Bank unveils Sh16.5 billion initiative to empower Kenya’s vulnerable groups
Maureen Kinyanjui  |  Jul 22, 2025

According to the World Bank, the funds will go through existing government systems, particularly the National Safety Net Program, to provide structure...

World Bank assures Kenya’s debt sustainable if properly managed
Rachael Mutabasi  |  Jul 16, 2025

World Bank Country Director for Kenya, Qimiao Fan, emphasised that the sustainability of Kenya’s debt should not be judged only by the current numbers...

World Bank delays Sh96.9 billion loan to Kenya over anti-corruption law standoff
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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