World Bank

World Bank loan lifts Central bank forex reserves to safety

Reading Time: 2 minutes The Kenya shilling received a major boost after receiving $1billion (Sh139.3 billion) World Bank loan to lift the central bank […]

World Bank sets up fund to tackle pandemics in developing nations

Reading Time: < 1 minute Developing countries can now tap into a Sh120 billion Financial Intermediary Fund (FIF) to boost the fight against future pandemics. […]

World Bank warns Kenya of risks from Ukraine war

Reading Time: 2 minutes World Bank has warned that the war in Ukraine is likely to push Kenya’s current account deficit higher this year. […]

Kenya Power unveils Sh340m live line testing lab

Reading Time: < 1 minute Kenya Power has launched a Sh340 million Live Line Laboratory which enables the utility to conduct repairs and maintenance on […]

Kenya receives Sh28.7b from World Bank to boost farmers

Reading Time: 2 minutes World Bank has approved $250 million (Sh28.7 billion) credit to support 500,000 small-scale farmers in Kenya in 26 counties currently […]

Kenya to receive Ksh85B from World Bank

Reading Time: < 1 minute Kenya is set to receive Ksh85.7 billion from World Bank under its Development Policy Operation (DPO) programme. The money is […]

Kenyas’ Agrotech secures Sh1m World Bank funding

Reading Time: < 1 minute Kenya’s Agricultural Technology Enterprise, Agrotech has been awarded Sh1 million by World Bank for advancing financial inclusion to small holder […]

Kenya to get Ksh22.7b from WB for food security projects

Reading Time: 2 minutes CREDIT: World Bank will loan Kenya $200 million (Sh22.7 billion) to support various development projects designed to enhance food and […]

Kenya Mortgage Refinance Company gets nod to raise Sh11b bond

Reading Time: 2 minutes Capital Markets Authority (CMA) has approved an unsecured Sh10.5 billion medium-term note for Kenya Mortgage Refinance Company (KMRC) from the […]

WB raises concen over banks’ large NPL ratios

Reading Time: 2 minutes World Bank has raised concern that the high stock of non-performing loans (NPLs) held by bank’s risks slowing down or […]