World Bank lends $250m for Kenya’s public finance reforms

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World Bank Country Director for Kenya, Rwanda, Somalia and Uganda, Keith Hansen. PHOTO | FILE | NMG

The World Bank Group has advanced Ksh38.4 billion ($250 million) to Kenya to strengthen transparency in public finance management and enhance revenue mobilisation.

The funding is expected to serve an estimated 485 ministries, departments, and agencies, 240,000 registered firms, and 18 million citizens who use government e-services.