The National Treasury

The Official Twitter account for The National Treasury.

[The National Treasury @KeTreasury]

CS Hon. FCPA John Mbadi @JohnMbadiN met the management of Kenya Wine Agencies Limited (KWAL), led by Managing Director Lina Githuka, who presented the company's perspectives and proposals on the existing excise duty regime for spirits for consideration in the ongoing tax policy review.

The discussions examined the policy objectives underpinning the current excise duty framework, particularly the promotion of locally produced agricultural raw materials such as sorghum, cassava and millet; support for local farmers; strengthening of domestic agricultural value chains; and efforts to curb the proliferation of illicit brews.

The engagement with @KWALOFFICIAL is part of the National Treasury's broader consultations with industry stakeholders to inform tax policy considerations that balance revenue mobilisation with domestic production, agricultural value addition, business competitiveness and the country's wider economic interests.

[Dr Chris Kiptoo, CBS @DrChrisKiptoo]

The Raila Amolo Odinga International Stadium at Talanta City is now 94% complete.

Today, I joined the Head of Public Service, Mr. Felix Koskei, on an inspection tour of the 60,000-seater facility, alongside my fellow Principal Secretaries, Dr. Raymond Omollo (Interior), Dr. Patrick Mariru (Defence), Elijah Mwangi (Sports), Dr. Korir Sing'Oei (Foreign Affairs) and Dr. Belio Kipsang (Immigration).

We assessed progress across the stadium's various sections in preparation for the much-anticipated inaugural match between Bayern Munich and Ajax on 5th January 2027.

@talantacity

[Dr Chris Kiptoo, CBS @DrChrisKiptoo]

Raila Amollo Odinga International Stadium in Talanta Sports City.

[Dr Chris Kiptoo, CBS @DrChrisKiptoo]

The International Monetary Fund (IMF) continues to be an important partner in supporting Kenya’s macroeconomic management and ongoing economic reforms.

Hosted Mr. Robert Tchaidze, the IMF Resident Representative in Kenya, at the National Treasury. Our discussions focused on strengthening cooperation to advance fiscal sustainability and preparations for the upcoming IMF mission in December.

@tchaidze @IMFNews @IMFAfrica @KeTreasury

[The National Treasury @KeTreasury]

Turning Investor Confidence into jobs and Growth~ Explainer:

Kenya’s ability to attract investment and nurture profitable enterprises is an important indicator of private sector confidence and economic opportunity.

Naivas’ strong financial performance and Nedbank’s acquisition of a controlling 66% stake in NCBA illustrate this potential.

The priority is to translate investor confidence into productive investment, jobs, stronger domestic enterprises, deeper capital markets and sustainable economic growth. Foreign investment must complement domestic capital mobilisation and enterprise development as Kenya advances its economic transformation agenda.
Sources:
○Naivas reports KSh3.37 billion profit: https://t.co/6OENzXvAbd

○Nedbank acquires 66% stake in NCBA: https://t.co/5l1FP0uAlI

[The National Treasury @KeTreasury]

The National Treasury, through the Government Digital Payments Department, wishes to notify members of the public and all e-Citizen platform users of scheduled system maintenance on 7–8 November 2026 and 14–15 November 2026, from 10.00 pm to 5.00 am on each occasion.

During these periods, users may experience temporary service interruptions or limited access to e-Citizen services.

Members of the public are advised to plan accordingly and complete any urgent transactions before the scheduled maintenance.

The exercise is intended to facilitate system upgrades, enhance security, improve performance and strengthen the reliability of e-Citizen services.

[The National Treasury @KeTreasury]

CS Hon. FCPA John Mbadi @JohnMbadiN has said that Kenya’s Electronic Government Procurement (e-GP) system has facilitated the award of 4,470 contracts valued at approximately KSh 18.3 billion since its launch on 7 April 2025.

Speaking during a breakfast meeting convened by the Institute of Public Finance (IPF), Hon Mbadi said the platform has onboarded 1,546 procuring entities, processed more than 30,000 requisitions and registered 45,000 suppliers.

The system has also been integrated with key government platforms, including IFMIS, the Business Registration Service (BRS), National Construction Authority (NCA), Access to Government Procurement Opportunities (AGPO) and i-Tax, strengthening transparency, accountability and efficiency in public procurement.

The CS emphasised that the success of e-GP will depend not only on onboarding procuring entities but also on sustained system utilisation, compliance and building the capacity of public institutions and suppliers. Particular attention is required to ensure that micro, small and medium-sized enterprises (MSMEs), as well as businesses owned by youth, women and persons with disabilities, can effectively participate in public procurement.

He said that the next phase will extend the platform to remaining procuring entities and introduce additional modules, including electronic complaints and appeals and contract management, with development partners expected to support technical integration and change management.

The Government is advancing e-GP as a fundamental public procurement reform to strengthen oversight, minimise irregularities, enhance competition and secure greater value for money in the use of public resources.

[Dr Chris Kiptoo, CBS @DrChrisKiptoo]

Nairobi International Financial Centre (NIFC) Horizon 2026, Windsor Golf Hotel and Country Club, Nairobi. https://t.co/aMsTpXpdzI

[The National Treasury @KeTreasury]

CS Hon FCPA John Mbadi @JohnMbadiN has urged banks to pass on interest rate cuts to borrowers and expand lending to businesses, farmers and MSMEs, saying the full benefits of monetary policy easing must translate into affordable credit and productive investment.

Speaking at the 2026 NCBA Economic Forum in Nairobi, the Cabinet Secretary for the noted that while the Central Bank Rate @CBKKenya has declined from 13% in mid 2024 to 8.75%, average lending rates remain at 14.4%. He called on banks to extend greater relief to borrowers and channel increased lending towards the real economy, as Government borrowing from banks declines.

Hon. Mbadi said Kenya's economic resilience must be sustained through fiscal discipline, structural reforms and stronger private sector investment, projecting economic growth of 5.1% in 2027. He reaffirmed the Government's commitment to safeguarding economic gains through the election period, maintaining policy stability and mobilising private capital for infrastructure and development.

He also highlighted reforms in public finance management, including the Treasury Single Account, digital public procurement and the National Infrastructure Fund, as key to strengthening fiscal discipline and financing Kenya's long term transformation.

[The National Treasury @KeTreasury]

Ongoing: The 2026 NCBA Economic Forum in Nairobi, themed “Sustaining Economic Resilience While Safeguarding Policy Gains in 2027.
Follow link below:

https://t.co/ecpwToImUs

[The National Treasury @KeTreasury]

CS Hon. FCPA John Mbadi, EGH, will on Tuesday, 3 November 2026, address the 2026 NCBA Economic Forum, under the theme “Sustaining Economic Resilience while Safeguarding Policy Gains in 2027.” The forum will provide a platform for engagement on Kenya’s economic outlook, resilience and the policy priorities necessary to sustain economic gains. The event will run from 8.00 a.m. to 11.00 a.m. and will be broadcast live on the National Treasury and NCBA’s official social media channels.

[The National Treasury @KeTreasury]

PS Dr Chris Kiptoo @DrChrisKiptoo this morning met with Mr Mark Bowman, Vice President for Policy and Partnerships, and Mr Dimitri Da Gama Rose, Deputy Head of Kenya and Government Relations Lead at the European Bank for Reconstruction and Development (@EBRD ), at the National Treasury, where they discussed Kenya’s economic performance and investment opportunities.

The PS highlighted Kenya’s positive economic performance and investment potential, while Mr Bowman reaffirmed EBRD’s support for the country’s economic transformation through private sector led growth. The discussions also covered investment opportunities in renewable energy, agribusiness, manufacturing, capital markets development and public-private partnerships (PPPs).

The engagement also highlighted EBRD’s planned opening of its Sub-Saharan Africa Regional Office in Nairobi in December 2026, following Kenya’s accession to the Bank as a shareholder in July 2025. EBRD’s US$100 million financing to KCB Bank Kenya, targeting MSMEs, with 35% earmarked for women- and youth led enterprises and 30% for green investments.

[The National Treasury @KeTreasury]

PS Dr Chris Kiptoo @DrChrisKiptoo appeared before the National Assembly Public Accounts Committee, chaired by Hon Tindi Mwale, MP for Butere, during its working retreat in Nakuru County to respond to audit queries concerning the National Treasury.

The Committee is examining the Auditor-General’s @OAG_Kenya findings for the 2023/2024 and 2024/2025 financial years as part of Parliament’s oversight of public expenditure and accountability in public financial management. @NAssemblyKE

[The National Treasury @KeTreasury]

CS Hon FCPA John Mbadi @JohnMbadiN has signed a US$2.08 million Climate Smart Agribusiness Partnerships for Resilience (CSAPR) Grant Agreement at the National Treasury, strengthening Kenya’s efforts to build climate resilience in agriculture.

Funded by the Bill & Melinda Gates Foundation through the International Fund for Agricultural Development (@IFAD ), the funding will complement the Integrated Natural Resources Management Programme (INReMP) by integrating Climate Information Systems into agricultural value chains. This will enable farmers and agribusinesses to access and use climate information to manage climate related risks and improve productivity.

The agreement was signed this morning during a courtesy call by IFAD’s new Country Director, Mr Matteo Marchisio.

Hon.Mbadi reaffirmed the Government’s commitment to deepening cooperation with IFAD, while Mr Marchisio pledged to strengthen the longstanding partnership in support of Kenya’s agricultural transformation and rural livelihoods @gatesfoundation

[The National Treasury @KeTreasury]

PS Dr Chris Kiptoo today appeared before the National Assembly Departmental Committee on Finance and National Planning, chaired by Hon. Francis Kuria Kimani, to present the National Treasury’s Budget Implementation and Monitoring Report for FY 2025/26.

The report provides an account of public resource utilisation and progress in implementing Government programmes and projects, supporting parliamentary oversight of budget execution and public expenditure.