Tag: World Bank

PS Susan Mang’eni promises Ksh50K grants to youths without Hustler Fund debts

Principal Secretary for the State Department for Micro, Small and Medium Enterprises Development Susan Mang’eni has promised Ksh50,000 grants for youths without Hustler Fund debts. Speaking on Saturday, October 26, 2024, Mang’eni said that the World Bank was offering to start factories. “This financial year we have certain funding from the World Bank which we […]

World Bank stops public financing to Uganda over Anti-homosexuality Act

The World Bank has frozen funding for Uganda over its Anti-Homosexuality Act. In a statement, World Bank said that the Act contradicts its values of non-discrimination on the basis of race, gender, or sexuality. “Uganda’s Anti-Homosexuality Act fundamentally contradicts the World Bank Group’s values. We believe our vision to eradicate poverty on a livable planet […]

Covid-19: World Bank approves additional Ksh14 billion for Kenya

The World Bank has approved an additional 130 million U.S dollars financing to Kenya for the purchase of vaccines.  In a statement released on Tuesday, June 29, the World Bank stated that the additional financing will facilitate affordable and equitable access to COVID-19 vaccines for Kenyans. “This additional financing comes at a critical time when […]

Waiguru, World Bank give Kerugoya-Kutus municipality Sh142 million facelift

Kutus-Kerugoya Municipality was among the seven out of 59 municipalities across the country which met the World Bank’s minimum KUSP grant.

Mbale town set for Sh200 million face-lift as governor eyes city status

The World Bank through Kenya Urban Support Programme (KUSP) has released Sh.200 million towards second-phase of beautification of Mbale town in Vihiga County. Vihiga Governor, Dr Wilber Ottichilo, made the revelation when he officially launched the beautification of the town, the county’s headquarters, on Wednesday. According to the beautification design, the works will entail construction of footpaths, erection of high […]

Yatani says Sh6.2 trillion public debt affordable, still space for extra borrowing

Despite borrowing level being at 58 per cent of GDP, Treasury maintains that the debt is manageable and affordable.

World Bank to give Kenya nearly Sh8 billion for coronavirus, locust control

Kenya is set to receive nearly Sh8 billion from the World Bank for containment of the deadly coronavirus disease and desert locusts.