The World Bank has endorsed a five-year strategy to help Kenya achieve its national development blue-print.
A loan facility of 348 billion Kenyan shillings has been approved.
The development strategy is set to aid Kenya flourish in its efforts to boost economic growth sustainably, create more jobs for the youth, improve infrastructure, and devolution in order to fight poverty and manage social diversity.
“While Kenya has grown on average at 4.6 per cent annually over the last decade, poverty and inequality have fallen less dramatically which has prevented many Kenyans from sharing in the benefits of the country’s strong economic performance,” the World Bank said in a statement. Continue reading