The Treasury has asked for Sh100 billion from the World Bank, Sh75 billion from the IMF and Sh100 billion from the EU Investments Bank. A third of the country’s debt due this year is owed to China, with Kenya expected to hand the Asian giant some Sh78.4 billion. “We are engaging donors, the IMF and World Bank for emergency support. The World Bank had already given Kenya Sh6 billion to help it fight the coronavirus. “This should be the last exercise that puts to rest the pending bills at Kenya Prisons Service and NYS,” Mr Yatani told senators.

Source: Daily Nation April 30, 2020 06:00 UTC