World Bank’s three hurdles block Sh96bn Kenya loan

The World Bank has outlined three conditions that Kenya must meet before it can access a Sh96.9 billion ($750 million) loan by June 30. These conditions include regulations on the beneficiaries of monthly stipends for orphans, the elderly, and persons with disabilities, guidelines for sustainability-linked bonds, and legal backing for a policy to increase tree cover to 30% by 2032. Failure to meet these requirements could result in Kenya missing out on the loan.