World Bank raises lending to Kenya by Sh32.5 billion

Deputy President Rigathi Gachagua with the World Bank Country Director Keith Hansen after a courtesy call at Harambee House Annex, in Nairobi on January 27, 2023. [DPCS]

The World Bank is lending Kenya an additional Sh32.5 billion raising the amount agreed for budget support to $1 billion (Sh129.9 billion).

The increase - from $750 million (Sh97.4 billion) agreed late last year - is part of the World Bank's Development Policy Operation (DPO) framework with the country.