The National Treasury and Economic Planning

CS Hon. FCPA John Mbadi, EGH, engaging the youth on the Finance Bill 2026 in Ongata Rongai, Kajiado County.

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CS Hon. John Mbadi this afternoon hosted Mr. Akihiko Nishio, World Bank Group Vice President for Development Finance, at the Treasury Building for discussions on strengthening Kenya–World Bank Group partnership and mobilising concessional and private capital to support growth priorities.

CS Hon. FCPA John Mbadi today held a consultative meeting with Meru Governor Isaac Mutuma M’ethingia The Governor was accompanied by senior Meru County officials. The meeting, also attended by Controller of Budget Dr. Margaret Nyakang’o, was held at the National Treasury Building and discussed matters of mutual interest, including the strengthening of intergovernmental fiscal coordination.

PS Dr. Chris Kiptoo today welcomed Mr. Hassan Zaman, the Global Director for Practice at the World Bank, at the National Treasury, for consultations on key reform priorities and outcomes, including engagement on the upcoming Development Policy Operation (DPO7), Kenya’s debt position and outlook, and ongoing fiscal consolidation measures aimed at strengthening domestic resource mobilisation.

The World Bank remains a key development partner to Kenya, supporting critical sectors including infrastructure, agriculture, health, education, and institutional reforms, while also reinforcing economic and fiscal management.

During the meeting, PS Kiptoo provided an update on the rollout of the e-Procurement (e-GP) system and the operationalisation of the Treasury Single Account (TSA), both of which are enhancing efficiency, transparency, and accountability in public financial management.

Mr. Zaman was accompanied by Mr. Qimiao Fan, the World Bank Country Director for Kenya, based in Nairobi.

CS, Hon FCPA John Mbadi today presided over the launch of the Economic Survey 2026 at the Kenyatta International Convention Centre.

The report, produced by the Kenya National Bureau of Statistics, confirms that Kenya’s economy remains resilient and stable, despite global and domestic challenges.

Key Highlights by the CS :

* GDP grew by 4.6% to KSh 16.2 trillion
* Inflation eased to 4.1%, within target range
* 822,100 new jobs created in 2025
* Internet subscriptions rose to 64.4 million
* Mobile pe*******on increased to 146.99 per 100 people

The Cabinet Secretary reaffirmed Government’s commitment to:

* Strengthening macroeconomic stability
* Driving inclusive growth under the Bottom-Up Economic Transformation Agenda (BETA)
* Supporting data driven decision making

The Survey also introduces the Residential Property Price Index (RPPI) to enhance monitoring of the real estate sector and inform policy. “Our policies, budgets, and reforms are only as strong as the data that underpins them.”

Kenya’s economy is projected to remain resilient in 2026 supported by strong sectoral performance and ongoing reforms.

Invitation to procuring entities for a webinar training

PS Chris Kiptoo this morning hosted Jean-Luc Stalon of the United Nations Development Programme, reaffirming Government’s commitment to the NextGen.Ke Youth Employment Programme to accelerate youth job creation through private sector partnerships.

As part of the finalization the FY2026/27 Budget Statement process , the Cabinet Secretary National Treasury invites views, proposals, and innovative ideas from the public on economic policy, expenditure priorities, and tax measures.

Ongoing Africa We Build Summit 2026.
The Summit provides a unique platform for dialogue and collaboration, aimed at accelerating the mobilisation of capital for strategic infrastructure investments across the African continent.

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Kenya has officially launched the Biodiversity Finance Initiative (BIOFIN), marking a policy shift that positions natural conservation as a primary driver of national wealth.

In a speech delivered on his behalf by Principal Administrative Secretary Mr. Samson Wangusi, National Treasury PS Dr. Chris Kiptoo () declared that biodiversity is no longer merely an environmental concern, but a "critical economic imperative."

​Dr. Kiptoo highlighted the immense scale of Kenya’s natural capital, noting that nature dependent sectors generate nearly half (48%) of the nation's GDP. Furthermore, ecosystems such as forests and rangelands sustain 30% of the national workforce. This "nature based economy" is already evident in the energy sector, where over 91% of Kenya’s electricity is sourced from renewables, including geothermal, wind, and hydro.

​"We must build our economy by restoring nature, not depleting it," Dr. Kiptoo stated. He framed the new Biodiversity Finance Plan as a strategic roadmap to align both public and private investments with restoration efforts. Central to this plan is the integration of "natural capital accounting" into national planning, ensuring that the true value of ecosystems is reflected in all fiscal decisions.

​A key pillar of the BIOFIN initiative is reducing the reliance on limited government budgets.

The PS called for a surge in private capital and the implementation of new policy incentives to attract international green finance.

This framework is designed to work in tandem with existing programs, such as the Financing Locally-Led Climate Action (FLLoCA) initiative to ensure that conservation efforts translate into tangible economic resilience for local communities.