Kenya has received a $750 million (Sh85.8 billion) loan from the World Bank to support its budget and drive fiscal, power, water and land reforms even as the costs on Eurobond double.

The loan is the second tranche granted to the country after World Bank wired a similar amount in June last year under the Development Policy Operation (DPO) programme, which lends cash for budget support instead of financing specific projects.

For more information, please see https://www.businessdailyafrica.com/bd/economy/kenya-gets-sh85bn-world-bank-loan-3751796