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HomeDaily NewsTuesday, June 30, 2026Kenya Secures Sh97bn World Bank Loan to Support Reforms, Jobs - June 2026
Business & Economy3 stories from 2 sources

Kenya Secures Sh97bn World Bank Loan to Support Reforms, Jobs - June 2026

Kenya has secured a Sh97 billion financial package from the World Bank to bolster its reform agenda and stimulate economic growth, aiming to improve governance, public finances, and social protection initiatives. At the same time, Kenya's inflation rate decreased to 6.4% in June 2026, down from 6.7% in May, primarily due to falling fuel and electricity costs. Nairobi County's wage bill has surged by Sh1.3 billion over a nine-month period, with staff compensation now consuming over half of its collected revenue, highlighting fiscal pressures facing county governments.

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Tuesday 10:21 AMCapital Business

Kenya secures Sh97bn World Bank loan to support reforms, jobs

Kenya secures Sh97bn World Bank loan to support reforms, jobs

Kenya has secured a significant financial package from the World Bank to bolster its reform agenda and stimulate economic growth. The loan aims to improve governance, public finances, and social protection initiatives.

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Key Highlights

Kenya has secured a significant financial package from the World Bank to bolster its reform agenda and stimulate economic growth. The loan aims to improve governance, public finances, and social protection initiatives.

  • The total loan amount is Sh97.1 billion ($750 million).
  • The deal involves the World Bank Group, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
  • Key reforms supported include enhanced transparency in ministries through the Treasury Single Account and the expansion of electronic government procurement.
Tuesday 3:55 PMCapital Business

Kenya’s inflation eases to 6.4pc as fuel, power costs fall

Kenya’s inflation eases to 6.4pc as fuel, power costs fall

Kenya's inflation rate has decreased to 6.4% in June 2026, down from 6.7% in May, primarily due to falling fuel and electricity costs.

Read Story

Key Highlights

Kenya's inflation rate has decreased to 6.4% in June 2026, down from 6.7% in May, primarily due to falling fuel and electricity costs.

  • Kenya's inflation rate eased to 6.4% in June 2026.
  • The Kenya National Bureau of Statistics (KNBS) reported the decline.
  • Fuel prices, including diesel which dropped by 6.
Monday 10:47 PMNation BusinessFirst

Nairobi County's wage bill rises up by Sh1.3bn

Nairobi County's wage bill rises up by Sh1.3bn

Nairobi County's wage bill has surged by Sh1.3 billion over a nine-month period, with staff compensation now consuming over half of its collected revenue.

Read Story

Key Highlights

Nairobi County's wage bill has surged by Sh1.3 billion over a nine-month period, with staff compensation now consuming over half of its collected revenue.

  • The county spent Sh14.16 billion on salaries and employee benefits from July to March, a notable increase from the previous year.
  • This expenditure represents 51 per cent of the county’s total revenue during the period, as highlighted by the Controller of Budget Margaret Nyakango.
  • The health sector accounts for the largest portion of the wage bill, amounting to Sh6.28 billion, and a significant portion of payments continue to be processed manually.
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