Flipside
IMF approves Kenya’s request for an emergency loan to combat Covid-19

The International Monetary Fund, IMF has approved Kenya’s request for an emergency loan that will be used to address the next phase of Covid-19 pandemic response.
It has approved a $739 million (Ksh79.3) billion loan to Kenya to help the country fight Covid-19.
The request by Kenya is for three and a half years.

IMF Logo.
IMF in a statement agreed to grant Kenya the request.
It stated that there were due reasons why the country needed the bailout.
The deal was sealed after virtual meetings between the lender and key government officials.
Apart from helping the country to combat the next phase of Covid-19, the funds are set to help Kenya stabilize its economy.
Treasury CS Ukur Yattani, CBK Governor Patrick Njoroge have already met officials from the lender for deal finalization.
Kenya will access the funds through the IMF Extended Credit Facility, a program that provides assistance to countries in the next phase of Covid-19 response.

Treasury CS Ukur Yattani.
-
Entertainment2 months ago
Eric takes Shakilla for Dinner after visiting the hospital (Video)
-
Entertainment2 months ago
Social media goes abuzz after Daddy Owen’s wife engages tycoon
-
News3 months ago
Al-Shabaab confirms being responsible for the attack at Dusit (video)
-
News11 months ago
Bishop Allan Kiuna and Kathy Kiuna brainwashed me for 7 years — Exposé
-
Entertainment2 months ago
Daddy Owen pens down interesting message amid the turmoil surrounding his marriage
-
Entertainment3 months ago
Mombasa Sunrise date with Caro sparks reactions online-Eric Omondi wife material (Video)
-
Entertainment3 months ago
Eric Omondi deep kisses his 9 ‘wives’ publicly, what’s Africa’s king of comedy up to? (Watch)
-
Lifestyle2 months ago
Meeting his identical twin for the first time (video)