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World Bank Freezes Ksh 97 Billion for Kenya Amid Reforms

7/24/2025

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Summary

Story summary

The World Bank has put a hold on Ksh 97 billion in funding for Kenya, citing the government's lack of progress on crucial reforms like the Conflict of Interest Bill. In a positive turn, a new bill will exempt disaster relief imports from taxes, while the Kenya Pipeline Company is gearing up to go public by September to draw in private investment.

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Story summary

The World Bank has put a hold on Ksh 97 billion in funding for Kenya, citing the government's lack of progress on crucial reforms like the Conflict of Interest Bill. In a positive turn, a new bill will exempt disaster relief imports from taxes, while the Kenya Pipeline Company is gearing up to go public by September to draw in private investment.