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
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