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June 10, 2026
2h ago

CBK Reveals New Dates for Multimillion Loan from World Bank

CBK Reveals New Dates for Multimillion Loan from World Bank

Kenya is seeking emergency funding from the World Bank to cushion the economy against the effects of the conflict in the Middle East, which has contributed to rising inflation and increased the cost of goods and services...

✨ Key Highlights

Kenya is nearing the approval of a significant loan from the World Bank as negotiations for emergency financing are in their final stages.

  • The loan is expected to be around Ksh77.5 billion (USD600 million).
  • Central Bank of Kenya (CBK) Governor Kamau Thugge confirmed the advanced discussions.
  • The financing aims to cushion the economy from the effects of the ongoing Middle East conflict and its impact on global energy markets.

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