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Kenya set for Sh52.66b IMF lifeline after assessment

Kenya will access $433 million (Sh52.66 billion). [iStockphoto]

The International Monetary Fund (IMF) plans to release $433 million (Sh52.66 billion) "in the coming weeks" to finance Kenya's budget and help the new administration fight drought.

This is after a delegation of IMF staff expressed satisfaction with Nairobi's economic reforms in the face of a fresh economic slowdown.

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