Kenya seeks World Bank loan as fuel tax cuts deepen crisis response

The Kenyan government is borrowing funds from the World Bank to enable it to mitigate the high fuel prices that threaten to derail the country’s economy. The move comes as President William Ruto signed the Value Added Tax Amendment Act 2026, reducing VAT charged on petroleum from 13% to 8%, two days after VAT was reduced from 16% to 13%. As Brenda Wanga now reports, the government says it is seeking even more interventions to deal with the fuel prices crisis.