Kenya to Return to IMF to Borrow Billions Amid Privatisation Plans
The IMF team has arrived in Nairobi, with the proposed arrangement expected to run for about three years, and will focus on medium-term financing and fiscal stability...
✨ Key Highlights
Kenya is pursuing a new financing program with the International Monetary Fund (IMF) to address its budget deficit, following the termination of previous agreements.
- Kenya seeks a new, roughly three-year program with the IMF for medium-term financing and fiscal stability.
- Treasury Principal Secretary Chris Kiptoo confirmed negotiations are underway for a new, distinct program.
- The previous four-year Ksh464.47 billion ($3.6 billion) program ended prematurely after Kenya missed performance targets, costing an estimated Ksh110 billion ($850.9 million) in anticipated funding.
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Kenya IMF Loan, Uganda Ksh32.95B Pipeline Investment, 300+ Jobs - February 2026
Kenya is pursuing a new financing program with the International Monetary Fund (IMF) to address its budget deficit, following the termination of previous agreements. President William Ruto met with EU Ambassador to Kenya Henriette Geiger to discuss deepening trade relations and maximizing benefits from the EU-Kenya Economic Partnership Agreement. Uganda is set to invest Ksh32.95 billion in Kenya Pipeline Company for the Uganda National Oil Company to acquire stakes in regional fuel transport infrastructure. The Kenyan government has launched a recruitment drive, announcing over 300 job vacancies across various ministries, state corporations, and public universities. Huduma Kenya has issued a warning regarding fake recruitment efforts and fraudulent appointment letters circulating online.
