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World Bank extends Sh16bn to improve life in informal settlements

A section of Kibera slums on June 7,2020. Sila Kiplagat
Photo credit: Nation Media Group

What you need to know:

  • The funds will be a life jacket for residents who are among the hardest hit groups by spillover effects of the Covid-19 pandemic, with hundreds of thousands losing their jobs forcing some to take a haven in their rural areas.
  • The World Bank says it has developed criteria to determine eligible settlements to maximise the impact of the funds.

Residents of informal settlements are set for a facelift after Kenya received Sh16.2 billion from the International Development Association (IDA) for improvement of urban settings.

This came after the Washington, DC‑based institution was given the go ahead by the World Bank on Friday to extend the $150 million credit to Kenya to improve living conditions for slum dwellers.