Kenya seeks Sh115bn to bail out economy amid Covid-19 pandemic

Empty streets in Nyeri town on March 24, 2020. The economy is likely to take a massive hit following the Covid-19 in the country. PHOTO | JOSEPH KANYI | NATION MEDIA GROUP

What you need to know:

  • The money is expected to come in at different times between now and the end of April or early May.
  • According to Dr Njoroge, the first emergency support request is for about Sh5 billion ($50million), which will go directly to the Ministry of Health.
  • The National Treasury is also working with the IMF for another Sh35 billion emergency assistance.

An injection into the economy of at least Sh115 billion expected from the World Bank and the International Monetary Fund (IMF) will enable the country weather the coronavirus storm.

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