IMF to wire Sh58.8 billion loan to Kenya

The Central Bank of Kenya, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

The International Monetary Fund (IMF) has approved the disbursement of Sh58.8 billion ($415.4 million) to Kenya in its latest review of its multi-year programme, which runs until April 2025.

The new disbursement is expected to raise the multilateral lender’s cumulative funding to the country under the programme to Sh288.6 billion ($2.04 billion) since its approval in April 2021.

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