Kenya is standing in line to secure another Sh136.5 billion loan from the World Bank as it seeks funds to ease the cash flow crisis and boost its dwindling foreign exchange reserves that have taken a hit from the weakening shilling.

Banks, telcos and other payment service providers regulated by the Central Bank of Kenya (CBK) are set to issue Quick Response (QR) codes in a regulator-driven push to scale digital payments.

Kenya is targeting 10 million foreign tourist arrivals in the next five years, an official said on Friday.

Kenya’s economy has shown resilience over the past year, compared to its peers in the region. However, recent data from the Central Bank of Kenya (CBK) shows an increasing public debt, a weak currency, and dwindling foreign reserves.