World Bank
World Bank projects slower Kenyan economic growth in 2025
The World Bank has revised Kenya’s 2025 economic growth forecast to 4.5%, down from 5.0%, citing high public debt and declining private sector credit.
SHIF: World Bank wants govt to remove monthly contributions for low-wage Kenyans
The World Bank advised President William Ruto's administration to fund SHIF contributions for informal, low-wage formal workers and the marginalised population.
World Bank advises Kenya to increase income tax rate for top earners to 38 per cent
The World Bank has recommended that Kenya raise the income tax rate for its highest earners to 38% as part of efforts to boost government revenue.
World Bank asks Kenyan govt to freeze new hirings for 2 years: "Redeploy existing staff"
The World Bank has urged Kenya to freeze public sector hiring for two years, redeploy existing staff, and cut costly allowances to curb the unsustainable wage bill.
World Bank faults Kenyan govt's allowances for workers for bloated wage bill
The World Bank has flagged Kenya’s unsustainable wage bill, blaming excessive travel allowances, payroll inefficiencies, and lack of standardised compensation.
Kenya faces high risk of debt distress due to increased borrowing, World Bank warns
The Kenya Economic Update and the Public Finance Review Reports highlighted reforms that the government should take for debt management to avoid defaulting.
IMF: Kenya to meet conditions set for new loan from lender after terminating KSh 465b programme
CBK governor Kamau Thugge noted that the IMF is willing to offer new access to loans after Kenya meets set conditions for the fiscal year 2025/26.
Inside Kenya's odious debt petition filed against IMF, Uhuru Kenyatta, 22 other respondents
Kenyans file constitutional petition challenging the executive's borrowing practices, alleging unconstitutional debt accumulation and mismanagement of public funds.
Kenya secures KSh 8.9b loan from OPEC Fund International
Treasury Cabinet Secretary (CS) John Mbadi inked a KSh 8.9 billion loan deal with the Organisation of the Petroleum Exporting Countries (OPEC) Fund during US visit.
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