World Bank approves Sh75 billion loan to Kenya

The World Bank loan to Kenya is designed to support the government’s policy and institutional reforms and help make economic growth more inclusive [Photo, Courtesy]

The World Bank approved a Sh75.9 billion (USD750 million) loan to Kenya that focused mainly on support for agriculture and housing, the bank said in a statement.

For the first time in years the World Bank is putting cash straight into the Treasury to be used at the discretion of the government, a source with knowledge of the issue said on Tuesday.