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HomeDaily NewsFriday, August 21, 2026Treasury Seeks to Borrow Ksh151 Billion From World Bank - August 2026
Breaking News & Top Stories3 stories from 2 sources

Treasury Seeks to Borrow Ksh151 Billion From World Bank - August 2026

The National Treasury is seeking to secure a substantial Ksh151.2 billion in new funding from the World Bank during the 2026/27 financial year as part of its borrowing plan. Meanwhile, Africa's richest man Aliko Dangote is expected to break ground on a proposed $20 billion refinery and petrochemical complex in Kenya in September, with East African countries offered a 30% equity stake. The Supreme Court has temporarily halted the Ethics and Anti-Corruption Commission (EACC) from recovering Sh1.5 billion paid as compensation for land in Ruaraka.

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Friday 7:48 AMKenyans

Treasury Seeks to Borrow Ksh151 Billion From World Bank

Treasury Seeks to Borrow Ksh151 Billion From World Bank

The National Treasury is seeking to secure a substantial Ksh151.2 billion in new funding from the World Bank during the 2026/27 financial year as part of its borrowing plan.

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Key Highlights

The National Treasury is seeking to secure a substantial Ksh151.2 billion in new funding from the World Bank during the 2026/27 financial year as part of its borrowing plan.

  • The funds will be accessed through three distinct World Bank financing windows: Ksh94.2 billion (Development Policy Operation), Ksh52 billion (Rapid Response Option), and Ksh5 billion (Programme-for-Results).
  • The National Treasury is the key organization involved in this borrowing initiative.
  • Kenya must meet specific reform and policy requirements, including strengthening whistleblower protection and improving beneficial ownership records, to access the Development Policy Operation funds.
Thursday 6:29 PMThe StandardFirst

Supreme Court halts recovery of Sh1.5bn in Ruaraka land compensation case

Supreme Court halts recovery of Sh1.5bn in Ruaraka land compensation case

The Supreme Court has temporarily halted the Ethics and Anti-Corruption Commission (EACC) from recovering Sh1.5 billion paid as compensation for land in Ruaraka.

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Key Highlights

The Supreme Court has temporarily halted the Ethics and Anti-Corruption Commission (EACC) from recovering Sh1.5 billion paid as compensation for land in Ruaraka.

  • The order stops the recovery of Sh1.5 billion paid for land occupied by Ruaraka High School and Drive-In Primary School.
  • Key parties involved include Huelands Limited, Afrison Export Import Limited, and the EACC.
  • The Supreme Court also barred investigations, arrests, or prosecutions related to the payment and any alterations to the land register pending the case's determination.
Friday 11:55 AMKenyans

Dangote Offers Kenya Stake in Lamu Refinery, Sets Construction Dates

Dangote Offers Kenya Stake in Lamu Refinery, Sets Construction Dates

Africa's richest man, Aliko Dangote, is expected to break ground on a proposed $20 billion refinery and petrochemical complex in Kenya in September, with East African countries offered a 30% equity stake.

Read Story

Key Highlights

Africa's richest man, Aliko Dangote, is expected to break ground on a proposed $20 billion refinery and petrochemical complex in Kenya in September, with East African countries offered a 30% equity stake.

  • The total regional equity stake is valued at $1.5 billion, with Kenya offered 10%.
  • The project involves Dangote Group and is a replica of his Nigerian refinery.
  • Key figures like President William Ruto’s economic adviser David Ndii confirmed details, highlighting potential regional crude production from South Sudan, Uganda, and Kenya.
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