Kenya’s economy is firmly on track, Treasury Cabinet Secretary John Mbadi has stated.

Speaking on the sidelines of ongoing budget preparations at the Kenyatta International Conference Centre (KICC) on Monday, August 25, 2025, CS Mbadi attributed the growth to strong export performance and prudent management of debt.

He also cited the repayment of Eurobond earlier this year that had wiped out potential financial risks.

“The country is performing well because of growth in exports. Earlier this year, we successfully made a timely Eurobond payment, thereby eliminating the associated risk,” he said.

The CS Treasury further noted that the upcoming 2026/27 budget is being prepared amid significant global economic challenges, including rising trade barriers, tighter finances, and policy uncertainties that are likely to constrain growth. He further noted that these global forces will always influence local fiscal planning and resource allocation.

“The competition for resources and funding will inevitably necessitate the elimination of inefficiencies, duplication, and misallocation,” Mbadi stated,.

The Treasury boss also stressed that public participation remains a cornerstone of fiscal policy, assuring citizens that their voices will continue to shape budget priorities as the government balances competing needs with available resources.

Backing the Treasury CS on the economic growth of Kenya, President William Ruto recently reaffirmed that the country is establishing a conducive business environment for overseas investors. While addressing journalists on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9) in Yokohama City, Japan, on Friday, August 22, 2025, the President highlighted that Kenya has established mechanisms to make it easier for businesses to thrive amid blazing political temperatures as Kenya approached the 2027 General Election.

“We are creating a good environment for business to invest, grow and flourish in Kenya through a progressive and facilitative legal, tax and incentives regime. As a result, Kenya has become an attractive destination for many international and regional companies. For example, more than 120 Japanese companies operate in Nairobi, engaging in an array of businesses ranging from construction to manufacturing,” President Ruto stated.