It was recently reported that the International Monetary Fund (IMF) , had approved Ksh 262B to be given to Kenya to help the government navigate the financial constraints arising from the COVID19 pandemic.
It's public knowledge that Kenya is gearing up to a possible referendum between June and August. Also, Kenya is expected to conduct a general election next year to replace or extend the terms of currents leaders as required by the constitution.
IMF has warned Kenya that It will not allow the country to use the Ksh 262B for purposes of election. It suggests the government must cut down on wastage spending to free up funds.
Kenya, like other countries World wide is experiencing the third wave of Corona Virus that has affected the economy very much. However, President Uhuru Kenyatta recently expressed confidence that the country will be able to defeat this rough patch and emerge victorious.
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