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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Eric Omondi Claims Gen Z Campaign Has Collected 430,000 Signatures for Referendum to Cut Counties - July 2026
Comedian and activist Eric Omondi claims his Gen Z campaign has gathered over 430,000 signatures for a referendum to reduce the number of Kenyan counties. This comes as the World Bank approved a KSh97 billion loan to support reforms aimed at strengthening governance, improving financial management, and enhancing anti-corruption efforts. At the same time, National Assembly Speaker Moses Wetang'ula has demanded a retraction and front-page apology from the Standard Group within 48 hours over a story he claims falsely suggested nepotism.
