Kenya is standing in line to secure another Ksh136.6 billion ($1 billion) loan from the World Bank as it seeks funds to ease the cash flow crisis and boost its dwindling foreign exchange reserves that have taken a hit from the weakening shilling.

The board of the World Bank Group is scheduled to meet on May 26 to approve the $1 billion to Kenya through its Development Policy Operation (DPO) framework.

For more information, please see https://www.theeastafrican.co.ke/tea/business/kenya-to-tap-another-995m-loan-from-world-bank-4229342