The president had on Sunday echoed the same sentiments saying the country was slowly stabilizing economically and soon Kenyans would feel the relief that comes with it.

The announcement by World Bank is a major boost for the Kenya Kwanza government, the shilling now projected to stabilize and regain it's strength in the markets.

In his state of the nation address, President William Ruto announced that Kenya would make it's first Euro bond repayment installment to a tune of 300 million Euros, the bond matures next year.

These developments, coupled with half year profit announcements by the NSE listed companies has seen the stock market start showing signs of recovery and stabilization.