Kenya will receive an additional Sh162.5 billion under the 38-month programme that it has with the International Monetary Fund (IMF) after President William Ruto showed a firm commitment to implement the stringent tax policies agreed with the Washington-based global lender.
This means that Nairobi will receive Sh484.9 billion ($3.52 billion) in loans after it requested two additional credit facilities, bolstering its efforts at replenishing the foreign exchange reserves.
