JUST IN: Kenya Secures KES.78 Billion IMF Loan to Tackle Fiscal Challenges 

  The International Monetary Fund (IMF) executive board has approved a Kes.78 billion loan for Kenya to support the country’s fiscal recovery efforts. This decision follows the IMF’s recent conclusion of its seventh and eighth reviews for Kenya, which faced delays in June due to widespread anti-government protests. The IMF expressed confidence that this financial support will help Kenya address its economic recovery needs effectively. Of the approved amount, Kes.62.5 billion will come through the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programs, while an additional Kes.15.4 billion will be provided under the Resilience and Sustainability Facility (RSF). Currently,
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