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Graft set to cost Kenya more in loans, warns World Bank

Ethics and Anti-Corruption Commission Chairman Eliud Wabukala (left), CEO Halakhe Waqo (centre) and Deputy CEO Michael Mubea in Nakuru in June. [Harun Wathari, Standard]

Kenya is likely to pay more for development loans due to corruption in the public sector.

According to the World Bank, lack of transparency and weak institutional reforms are increasing Kenya’s risk profile.

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