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IMF approves Sh261b fresh loan for Kenya

By Dominic Omondi | 5yrs ago
The economy is slowly picking up after last year's slump due to the effects of the coronavirus pandemic. [Stafford Ondego, Standard]

The International Monetary Fund (IMF) has approved a crucial Sh261 billion credit facility for Kenya under a three-year programme.

The money is expected to help the country reboot the economy following the adverse effects of the Covid-19 pandemic amid shrinking revenues.

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