Barely three days after Kenya confirming a KSH. 150B loan from IMF to offer some relief amid financial pressures, the President Ruto’s Government has successfully secured another KSH. 33B from Trade and Development Bank, meant to boost the country’s foreign exchange reserves.
Of the KSH. 150B confirmed loan from IMF earlier this week, there was an immediate disbursement of $624M (approx. KSH. 100B).
In 2023, Central Bank Governor Kamau Thugge revealed that Kenya is expecting about KSH. 47B from Trade and Development Bank within the 23/24 financial year.
