World Bank Sets Timeline for Unlocking Ksh96.9B Loan to Kenya
Kenya is now set to receive the multi-billion loan deal from the World Bank after the global bank showed satisfaction with Kenya amid budget deficits...
✨ Key Highlights
The World Bank is set to disburse Ksh96.9 billion to Kenya by June 30, following the country's successful implementation of key policy reforms. This significant loan, initially delayed, will now bolster the National Treasury's operations.
- The loan amount is Ksh96.9 billion.
- The World Bank is the disbursing organization, and the National Treasury is the recipient.
- Kenya met critical requirements including regulations for beneficiary identification for social stipends, rules for sustainability-linked bonds, and legal backing for increasing national tree cover to 30 percent by 2032.
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Ruto assents to Revenue Sharing Bill 2026, allowing counties to get Sh428b - June 2026
President William Ruto has assented to the Division of Revenue Bill, 2026, enabling the distribution of nationally raised revenue for the 2026/27 financial year. The law officially allocates Sh428 billion in equitable share funding to county governments. Separately, Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget, a spending plan totaling KSh 4.8 trillion, before Parliament. Additionally, the World Bank is set to disburse Ksh96.9 billion to Kenya by June 30, following the country's successful implementation of key policy reforms.
