Treasury Cabinet Secretary John Mbadi has assured investors that Kenya’s economy remains resilient despite global and domestic challenges, citing 4.9 percent GDP growth in the third quarter of 2025.
Speaking during a courtesy call with a delegation from Standard Bank Group led by CEO Sim Tshabalala at his Treasury office on Tuesday, CS Mbadi highlighted the country’s strong performance across key sectors including agriculture, services, construction, and trade.
“The economy remains resilient even in the face of global and domestic pressures,” Mbadi said, emphasizing that coordinated fiscal and monetary policy measures have helped ease inflation toward the target range while supporting domestic demand.
He reiterated that the government is committed to fiscal consolidation and prudent public finance management, noting ongoing reforms to strengthen revenue mobilization, improve expenditure efficiency, and manage public debt sustainably.
Mbadi was accompanied by Principal Secretary Chris Kiptoo, and the Standard Bank delegation included senior executives such as Joshua Oigara, Regional Chief Executive for Stanbic Bank Kenya and South Sudan.
During the meeting, the CS emphasized that Kenya’s medium-term economic outlook remains anchored on macroeconomic stability, private sector–led growth, and sustainable financing.
“We are committed to deepening capital markets and supporting inclusive economic growth,” he added.
Tshabalala commended the government for maintaining fiscal discipline during a challenging period, noting that it has bolstered market confidence in Kenya.
“The government’s reforms and financing innovations have helped the country navigate a difficult economic environment,” he said, highlighting Kenya’s proactive approach to sustaining investor confidence.
The meeting underscored the importance of collaboration between the government and financial institutions in driving sustainable economic development.
CS Mbadi noted that ongoing policy measures aim to strike a balance between promoting growth and safeguarding macroeconomic stability.
“Our policies are designed to support domestic demand, manage inflation, and ensure long-term fiscal sustainability,” he said.
The Treasury Chief concluded by reaffirming Kenya’s commitment to creating an enabling environment for private sector investment, emphasizing that economic resilience is underpinned by both prudent governance and strategic partnerships with institutions like Standard Bank.
