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International Business Times
International Business Times
World
AFP News

IMF Grants Kenya New $941 Million Loan

International Monetary Fund Kenya Finance the International Monetary Fund William Ruto
The Kenyan shilling is trading at all-time lows at around 160 to the dollar (Credit: AFP)

The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.

Kenya is grappling with a host of economic challenges including a vast debt mountain, cost of living crisis and tumbling currency.

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