# World Bank lends $750 million to Kenya — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-07-01 12:48 ingested 2026-07-02 08:54

[original source ↗](https://www.semafor.com/article/07/01/2026/world-bank-lends-750-million-to-kenya)

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The World Bank approved a $750 million loan to Kenya to support the government’s efforts to bolster the economy by increasing investment.
The financing will help Kenya fund a $37 billion budget, a third of which is allocated to servicing the country’s nearly $100 billion debt.
The Washington lender praised financial management reforms that William Ruto’s government has undertaken to improve Kenya’s fiscal climate, including an anti-corruption push to plug leaks in public finance. But it called for a need to “stay on the path of these reforms to ensure fiscal and debt sustainability.”
The World Bank also approved a long-term partnership strategy with Nigeria, which includes $1.25 billion in financing, in an effort to boost job creation and economic growth.
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document fetched 2026-07-02 08:54 · canonical https://semafor.com/article/07/01/2026/world-bank-lends-750-million-to-kenya