Kenya Eyes Billions in New World Bank, AfDB Loans After IMF Setback

Kenyan authorities, through Public Debt Management Director General Raphael Owino, confirmed negotiations for a KSh127 billion loan from the World Bank and AfDB to address the country's widening deficit after stalled IMF funding talks. Additionally, motorists experienced a 10-hour traffic jam on the Nairobi-Mombasa highway due to a collision involving two trailers near Kapiti Plains. President Ruto revealed that a new investor will build a KSh33 billion cement factory in Kitui, with construction scheduled to start in November 2026.