The National Treasury

Eid Mubarak 🌙✨ Blessed end-month of Ramadhan to our muslim brothers and sisters.

Eid Mubarak to all my Muslim brothers and Sisters.

Kenya is paving the way for a secure and resilient digital economy through the proposed Virtual Asset Service Providers (VASP) Regulations, 2026. The Government has taken a decisive step to establish a well regulated digital asset ecosystem following a high level review of the draft framework, designed to safeguard financial stability while enabling innovation. PS Dr. Chris Kiptoo @Kiptoock today convened key government agencies to refine the draft, which operationalizes the VASP Act passed in late 2025. In remarks delivered on his behalf by the Director of Financial Sector Affairs and Development Mr Leonard Inyangala, Dr. Kiptoo said that the regulations provide a robust regime to safeguard Kenya’s financial system. The framework introduces strict standards for: ▪︎ Governance & Transparency: High bars for institutional leadership and reporting. ▪︎Capitalization: Ensuring providers have adequate financial cushions. ▪︎Risk Management: Focused measures to mitigate fraud and cyber threats. Consumer Protection at the Core A primary pillar of the 2026 Regulations is the enhancement of consumer safeguards. Dr Kiptoo highlighted that the draft mandates: ▪︎Clear Risk Disclosures: Ensuring investors understand the volatility of digital assets. ▪︎ Fee Transparency: Eliminating hidden costs for users. ▪︎Asset Safeguards: Strict requirements for the segregation and protection of customer funds. The framework aligns Kenya with international best practices, specifically targeting money laundering and terrorism financing. By introducing firm provisions against insider trading and market manipulation, Kenya aims to exit the global "grey list" and position itself as a credible destination for institutional digital investment. "The Regulations adopt a proportionate, risk-based approach that balances innovation with financial stability." Dr. Kiptoo said. The review was supported by a Multi-Agency Task Force, demonstrating a unified regulatory front. Key participants in today's event included: • Mr. Wycliffe Shamiah (CEO, Capital Markets Authority) @CMAKenya • Mr. Godfrey Kiptum (CEO, Insurance Regulatory Authority) @ira_kenya • Representatives from the Central Bank of Kenya (@CBKKenya), Kenya Revenue Authority (@KRACare), and the Financial Reporting Centre (FRC). Call to action The CS National Treasury Hon. FCPA John Mbadi through an advert below invites all stakeholders to participate in the ongoing public consultation. Feedback must be submitted by April 10, 2026, to help refine the final version of these historic regulations 👇👇

CS Hon. FCPA John Mbadi @JohnMbadiN today chaired the inaugural Project Steering Committee meeting for the Tunza-GCF Programme, marking the shift from preparation to full implementation of a transformative climate resilient agriculture initiative across the Lake Region. The meeting brought together Kisumu Governor Prof. Peter Anyang’ Nyong’o, FAO Representative Ms. Farayi Zimudzi, PSs Patrick Kilemi @PSKilemi (Cooperatives) @CoopsandMSMEs and Eng. Festus Ng’eno @Eng_F_Ngeno (@Environment_Ke), representatives from the Government of Denmark, LREB Governors’ representatives, and technical partners. The CS said that the programme is a landmark national investment under Kenya’s partnership with the Green Climate Fund, covering 14 counties, and backed by USD 14 million in Government co-financing through FLLOCA. He emphasized the need for timely disbursement, strong coordination, and zero delays to ensure impact at the community level, while calling for greater alignment among partners to scale results and avoid fragmentation. Noting key progress, including the establishment of a Project Management Unit in Kisumu and approval of the Inception Report, the CS called for a decisive shift from planning to measurable outcomes, affirming that Government will deliver on its commitments fully and without compromise. @FAOKenya @FAO

PS Dr. Chris Kiptoo @Kiptoock today reaffirmed Kenya’s commitment to building a fair, competitive and well regulated market economy, emphasizing the country’s leadership in advancing open markets where businesses can grow, compete and thrive. Dr. Kiptoo spoke while officiating the launch of the OECD (Organisation for Economic Co-operation and Development) Peer Review Report on Kenya’s Competition and Consumer Welfare Enforcement Framework. The OECD is a global policy organisation that develops international best practices and standards, and this review provides an independent benchmark of Kenya’s progress. The Principal Secretary noted that the report marks a key milestone in strengthening competition policy, enhancing consumer protection, and reinforcing the foundations of a dynamic, fair and resilient economy. He emphasized that the Government will continue to deepen reforms aimed at strengthening enforcement, safeguarding institutional independence, enhancing transparency, and ensuring adequate resourcing in line with global best practice.@OECDtax, @OECDglobal @CAK_Kenya

CS Hon. FCPA John Mbadi @JohnMbadiN today at his Treasury office met Canada’s Secretary of State for International Development, Hon. Randeep Sarai, and Canadian High Commissioner to Kenya H.E. Joshua Tabah @JoshuaTabah. He noted that Kenya🇰🇪🇨🇦Canada relations continue to grow from strength to strength, supported by cooperation in agriculture, education, health and climate resilience. @CanHCKenya The CS highlighted opportunities to deepen collaboration in climate finance, green investments, infrastructure development, trade and investment promotion, skills development and youth employment, as #Canada🇨🇦 reaffirmed #Kenya as a priority partner in the region. #KenyaCanadaCooperation

Thanks for engagement. We have posted most of this infor of the TNT website for public consumption.Sure ,going forward we will cover how the National Budget is financed through three main sources: 1️⃣ Tax revenue collected through laws such as the Income Tax Act, VAT Act and Excise Duty Act. 2️⃣ Non-tax revenue, including fees, levies and government services. 3️⃣ Borrowing, which is used where expenditure exceeds available revenue

@KeTreasury Anyone can find it online. Explain how borrowing fits into the Budget and the Finance Bill. From this explanation, it sounds like development is funded purely through tax revenue. So where does government borrowing come in, and how is the deficit financed?

EXPLAINER: THE BUDGET and THE FINANCE BILL. The National Budget Estimates and the Finance Bill are two key instruments that guide how Government raises and spends public resources. While closely linked, they serve different purposes in Kenya’s public finance system. The National Budget Estimates outlines Government’s spending priorities for the financial year. Under Article 221 of the Constitution of Kenya, the Cabinet Secretary for the National Treasury submits estimates of revenue and expenditure to the National Assembly. The budget sets out how Government intends to allocate resources across key sectors such as education, healthcare, infrastructure, security and social protection. The budget process is guided by the Public Finance Management Act, which provides the legal framework for planning, approving and managing public finances. The Finance Bill , on the other hand, introduces the tax measures required to raise revenue needed to fund the Budget. Articles 209 and 210 of the Constitution of Kenya require that taxes and levies be imposed only through legislation passed by Parliament. The Finance Bill therefore proposes amendments to tax laws such as the Income Tax Act, VAT Act and Excise Duty Act in order to implement the Government’s revenue proposals. • The Budget outlines Government spending priorities. • The Finance Bill provides the legal mechanism for raising revenue to finance that spending. Together, these processes promote transparency, accountability and responsible management of public resources in line with Kenya’s public finance framework.

Thank you for your engagement! Understanding these documents is vital because the Budget is the blueprint for the roads, hospitals, and schools we build, while the Finance Bill provides the legal framework to fund these services sustainably.​#BudgetKE2026 #FinanceBillKE #PublicFinance #KenyaEconomy #Transparency #Accountability

@KeTreasury Well elaborated...at least I am informed now.

Upgrading of Tarang'anya-Ntimaru-Gwikonge-Gokeharaka-Nyamtiro-OCSBP Center-Kegonga-Kugitimo 103KM road to bitumen standard will be economic game changer in Kuria region. Had the honour to lauch its construction at Centre junction in Kuria East. 15MPs were present.

I remain grateful to Kapsabet Boys High School for the strong educational foundation that helped shape me into the person I am today. As the school marks its centenary, I was honoured to join H.E. the President, Dr. William Samoei Ruto, fellow alumnus, during the celebrations at Kapsabet Boys High School in Nandi County, where I once sat for my Kenya Certificate of Education (KCE). Over the years, this great institution has produced distinguished leaders who have served our country with dedication, including two Presidents of the Republic of Kenya.

CS National Treasury Hon. FCPA John Mbadi @JohnMbadiN this morning appeared before the Parliamentary Committee @NAssemblyKE on Delegated Legislation, chaired by Hon. Samuel Chepkonga (MP, Ainabkoi), to deliberate on the Public Finance Management (State Officers and Public Officers Motor Car Loan Scheme Fund) (Amendment) Regulations, 2025 and the Wildlife Regulations, 2025. The CS explained that the proposed amendments to the Motor Car Loan Scheme Fund regulations are aimed at addressing the low uptake of the facility, which has raised audit concerns and questions regarding the Fund’s longterm sustainability. A review of the current regulations identified key challenges affecting uptake, including the 60month repayment period,which limits payslip headroom for many officers, and the restriction on vehicles not older than eight years from the date of manufacture. The proposed changes seek to make the facility more accessible and attractive to eligible officers,thereby enhancing uptake and ensuring the Fund effectively achieves its intended purpose. During the session, the CS also highlighted the role of the Wildlife Conservation Trust Fund, established under the Wildlife Conservation and Management Act, which supports wildlife conservation programmes, ecosystem protection, community based conservation initiatives and grants. @Min_TourismKE ,@KWSKenya The CS was accompanied by PS State Department for Wildlife Ms. Silvia Museiya Kihoro @PSMuseiya, Director Accounting Services Mr. FCPA John Wala,Ms. Edna Atisa, Acting CEO of the Motor Car Loan Scheme Fund, and Director Administration Mr. Godfrey Busolo

PS Dr. Chris Kiptoo this morning held a consultative meeting at the National Treasury with Vice Chancellors, led by Prof. Daniel Mugendi, Vice Chancellor of Embu University and Chair of the Vice Chancellors’ Committee, together with other stakeholders in the higher education sector, to deliberate on key issues affecting universities. The Government remains committed to prioritising funding for the university sector to support the rollout of the New Student Centred Funding Model, while strengthening financial management within higher learning institutions to enhance accountability and ensure the long term sustainability of Kenya’s universities.@uonbi ,@MeruUniversity ,@EmbuUniversity ,@EduMinKenya @Kiptoock

*CS Hon. FCPA John Mbadi this morning met the Board of Directors of Kenya Revenue Authority led by Boardchairman Hon Ndiritu Muriithi and CG Mr. Humphrey Wattanga @KRACorporate to review the Authority’s performance and institutional priorities, as part of strengthening accountability, service delivery, and alignment with national revenue mobilization goals.

Strengthening our trade and investment relations with the European Union remains important for expanding economic opportunities, particularly through increased exports of Kenya’s agricultural products. I held a bilateral meeting at the National Treasury with Ms. Dora Correia, Director for Trade at the European Commission in Brussels, who is in Nairobi this week for the Committee of Senior Officials meeting on the implementation of the Kenya–EU Economic Partnership Agreement (EPA). We are reviewing key areas under the Agreement, including trade facilitation, tariff arrangements, and strengthening cooperation to support Kenya’s industrial development and regional trade commitments within the East African Community as we continue to deepen our partnership with the European Union. I was joined by Regina Ombam, Principal Secretary for @Trade_Kenya , and Lilian Nyawanda, Commissioner for Customs at the @KRACorporate . @EUinKenya @KeTreasury