World Bank approves Sh80.2bn loan, targets Kenya Power reforms

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Nation | by Paul Wafula


The World Bank has given Kenya another Sh80.2 billion to boost the fight against Covid-19 and jumpstart Kenya’s parastatal reforms, starting with cash-strapped electricity distributor Kenya Power.

The loan comes a day after National Treasury Secretary Ukur Yatani unveiled a Sh3.6 trillion budget that it cannot afford unless Parliament…

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