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Originally published by Ghafla! (Entertainment)
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July 9, 2026
2h ago

World Bank Approves KSh97 Billion Loan to Ruto To Teach Kenyans That Stealing Money Is Bad

World Bank Approves KSh97 Billion Loan to Ruto To Teach Kenyans That Stealing Money Is Bad

The World Bank has approved a KSh97 billion ($750 million) loan for Kenya to support wide-ranging reforms aimed at strengthening governance, improving public financial management, expanding social protection, and enhancing anti-corruption efforts. The financing, approved under th..

✨ Key Highlights

The World Bank has approved a loan of KSh97 billion ($750 million) to Kenya to support reforms aimed at strengthening governance, improving financial management, and enhancing anti-corruption efforts.

  • A total of KSh97 billion has been allocated, comprising KSh44 billion from the IBRD and KSh53 billion in concessional financing from the IDA.
  • The loan supports reforms championed by President Ruto's administration to improve accountability and fiscal sustainability.
  • Key initiatives include implementing the Conflict of Interest Act, mandating transactions through the Treasury Single Account, and accelerating an electronic government procurement system.

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