The National Treasury

DG for Public Private Partnerships (PPP) Eng. Kepha Seda today represented CS Hon. FCPA John Mbadi, at the official opening of the 2nd African Journal of Engineering Research and Innovation (AJERI) Scientific Conference at Kenyatta University. The conference highlighted the role of engineering innovation, sound fiscal planning and innovative infrastructure financing in advancing Kenya's economic transformation. The engagement provided a platform to advance practical engineering solutions that strengthen economic planning, enhance resource efficiency, accelerate industrialization and support sustainable infrastructure development across Africa. Participants emphasized that rigorous project preparation, engineering excellence and evidence based decision making are essential to delivering infrastructure that generates long term economic value. Discussions also highlighted the growing role of innovative financing mechanisms,including Public Private Partnerships , blended finance, infrastructure funds and climate finance,in mobilizing investment, strengthening fiscal sustainability and delivering value for money. Kenya remains committed to creating collaboration among government, the engineering profession, investors and academia to develop bankable projects, unlock private capital and deliver transformative infrastructure that enhances national competitiveness and improves the lives of its citizens.

Thank you Julians for your observation. The Bond Market Forum is a monthly engagement platform that brings together key stakeholders in the domestic bond market. It reviews the performance of the Government's domestic bond programme and provides a forum for technical discussions on market developments and the issuance calendar. The meeting is primarily technical in nature. This month's session was publicized because it was attended by the Cabinet Secretary and the Governor of the Central Bank of Kenya, who joined participants to mark the start of the new financial year.

PS Dr. Chris Kiptoo today hosted Competition Authority of Kenya Chairman Hon. Kiraitu Murungi and CEO Mr. David Kemei during a courtesy call at the National Treasury. They exchanged views on the Competition Authority's mandate to promote fair competition, protect consumer welfare, and strengthen Kenya's business environment as a driver of investment, innovation, and sustainable economic growth.

The National Treasury is advancing the implementation of a Public Debt Data Warehouse, a transformative initiative that will consolidate debt information from multiple systems into a secure, centralised platform. Once operational, the system will streamline debt data management by reducing manual processes, eliminating duplication, minimising errors, and improving the speed, accuracy, and reliability of public debt reporting. The initiative will also strengthen transparency and support more effective public debt management. Principal Secretary Dr. Chris Kiptoo today received a progress update from the Public Debt Data Warehouse Implementation Committee, underscoring the Ministry's commitment to delivering the project on schedule. The initiative forms part of the National Treasury's broader digital transformation agenda to build a modern, data driven institution that delivers services more efficiently, enables timely and evidence based decision making, and is anchored on accurate, reliable, and accessible data.

CS Hon. FCPA John Mbadi @JohnMbadiN , this afternoon hosted Independent Electoral and Boundaries Commission (IEBC) Chairperson Erastus Ethekon and fellow Commissioners during a courtesy call at the National Treasury. The meeting provided an opportunity to strengthen inter-institutional collaboration through consultations on matters of mutual interest. The engagement was attended by the Principal Secretary for the National Treasury, Dr. Chris Kiptoo, CBS, @DrChrisKiptoo alongside senior officials from the National Treasury. @IEBCKenya

CS, Hon. FCPA John Mbadi @JohnMbadiN , today led the Monthly Bond Market Forum, bringing together the Governor of the @CBKKenya Central Bank of Kenya, Dr. Kamau Thugge Kamau Thugge, Deputy Governor Dr. Susan Koech Susan Koech, Director General, Public Debt Management Office, Mr. Raphael Owino Raphael Owino, senior Government officials and members of the Bond Market Forum to discuss the continued development of Kenya's Government securities market. The Cabinet Secretary commended the Central Bank of Kenya and market participants for successfully mobilizing KSh 961.7 billion in net domestic borrowing during FY 2025/26, demonstrating strong investor confidence and effective collaboration in financing the country's development priorities. He noted that Kenya enters FY 2026/27 on a firm economic footing, supported by 5.3% GDP growth in the first quarter of 2026, easing inflation, a stable banking sector and sustained fiscal reforms aimed at strengthening public finances. Looking ahead, the Government plans to raise KSh 987.36 billion from the domestic market through a transparent and predictable borrowing programme while advancing reforms to deepen the bond market, broaden investor participation, enhance liquidity and maintain debt sustainability. The Cabinet Secretary reaffirmed that prudent fiscal management, innovative financing mechanisms such as the National Infrastructure Fund, and strong collaboration between Government, regulators and investors will continue to strengthen Kenya's capital markets and support the country's long-term economic transformation. "A deeper, more efficient and resilient bond market is not just about financing Government,it is about creating the foundation for sustainable economic growth, investor confidence and shared prosperity for all Kenyans."he said.

The Government of Kenya values its longstanding partnership with the International Fund for Agricultural Development (IFAD), which continues to support agricultural transformation, climate resilience and food security across the country. Today, I had the privilege of bidding farewell to Madam Mariatu Kamara as she concludes her successful tenure as IFAD Kenya Hub Director. I thanked her for strengthening this partnership, which continues to deliver tangible results, including the KSh 34.4 billion Integrated Natural Resources Management Programme (INReMP), being implemented across ten counties in Western Kenya. The transformative programme is set to improve livelihoods and enhance food security for millions of Kenyans living in rural communities. Kwaheri, Madam Kamara, and congratulations on your new appointment as IFAD Regional Director for Asia-Pacific and New Zealand. We wish you continued success in your new role. @IFAD @IFADPresident

The Government’s Bottom-Up Economic Transformation Agenda (BETA) prioritises youth economic empowerment through job creation, skills development and enterprise support, targeting historically marginalised communities and ensuring that economic growth reaches all Kenyans. Today, under the leadership of H.E. the President Dr. William Ruto, we launched the three-year Next Generation Youth Empowerment Programme (NextGen.KE), a landmark initiative jointly implemented by the Government of Kenya, the United Nations Development Programme (UNDP) and the Kenya Private Sector Alliance (KEPSA) from 2026 to 2029 to accelerate inclusive youth economic transformation across Kenya. The programme will bridge skills gaps, strengthen school-to-work transitions and create more opportunities for young Kenyans through paid graduate internships in the private sector. It will support 30,000 young people through structured private sector internship placements and complementary training in soft skills, entrepreneurship, life skills and financial literacy to enhance their long-term employability.

CS Hon. FCPA John Mbadi @JohnMbadiN this morning officially launched the FY 2027/28 and Medium-Term Budget Preparation Process, marking the start of the formulation of Kenya's next national budget and medium term fiscal framework. The event held at the KICC was attended by Hon. Samuel Atandi, CBS, MP, Chairperson of the National Assembly Budget and Appropriations Committee; Principal Secretaries Dr. Chris Kiptoo, CBS (National Treasury), Dr. Bonface Makokha (Economic Planning) and Cyrell Odede (Public Investments and Asset Management), alongside Accounting Officers, development partners, representatives of constitutional commissions, the private sector, academia, civil society, the media and members of the public. In his keynote address, the Cabinet Secretary emphasized : • A budget anchored on the Bottom-Up Economic Transformation Agenda (BETA), Vision 2030 and the Fourth Medium-Term Plan (MTP IV). • Prioritizing agriculture, MSMEs, Universal Health Coverage, affordable housing, and the Digital Superhighway & Creative Economy. • Strengthening fiscal discipline through value for money budgeting, evidence based prioritization and sustainable fiscal consolidation. • Advancing Public Finance Management reforms, including e-Government Procurement (e-GP), the Treasury Single Account (TSA), accrual accounting and Zero Based Budgeting. • Enhancing transparency, public participation, climate responsive budgeting and social inclusion to ensure public resources deliver measurable outcomes for all Kenyans. Addressing the same event, PS Dr Kiptoo @DrChrisKiptoo said the Government remains committed to pursuing a prudent fiscal strategy that safeguards macroeconomic stability while protecting priority development spending. Through enhanced domestic revenue mobilisation, rationalised expenditure, stronger spending controls, and improved efficiency in public investment, we will continue to build a resilient economy.

The official launch of the FY 2027/28 and Medium-Term Budget Preparation Process is now underway at the Kenyatta International Convention Centre (KICC). Follow the proceedings live through the links below and be part of the conversation: 👇🏼 youtube.com/live/qDbluyfma… and facebook.com/share/v/1HPPgb… #BudgetKE #FY2027_28 #PublicParticipation

Launch of the FY 2027/28 and Medium-Term Budget Preparation Process today. The National Treasury invites members of the public and stakeholders to the official launch of the FY 2027/28 and Medium-Term Budget Preparation Process, marking the beginning of the formulation of Kenya's next national budget and medium term fiscal framework. Date: Wednesday, 22 July 2026 Time: 8:30 a.m. onwards Venue: Kenyatta International Convention Centre (KICC) @citizentvkenya ,@ntvkenya ,@KTNNewsKE ,@HopeTV_KE ,@KBCChannel1 ,@PeopleDailyKe ,@TheStarKenya ,@Tv47N

Today at the University of Eldoret (Chepkoilel Campus), led by @MusaliaMudavadi , Prime Cabinet Secretary, we launched the Integrated Natural Resources Management Programme (INReMP), an eight-year initiative supported by the International Fund for Agricultural Development (IFAD), with a total investment of KSh 34.25 billion (US$263.5 million). The Programme seeks to improve food security, enhance nutrition, and strengthen income safety nets for rural households.

CS Hon. FCPA John Mbadi @JohnMbadiN , and U.S. Chargé d’Affaires, Ms. Susan Burns @USAmbKenya , today signed the Strategic Objective Agreement (SOAG) for Health at the National Treasury Building. The Agreement will mobilise USD 1.686 billion from the United States Government and USD 850 million in co-investment by Kenya, strengthening health security, institutional capacity, and resilient health systems over the period 2026–2032. The Agreement marks a new phase of Kenya U.S. cooperation through enhanced Government to Government partnership, reinforcing country ownership and supporting Kenya’s journey towards sustainable and self reliant health systems. The signing ceremony was witnessed by Cabinet Secretary for Health, Hon. Aden Duale, and Principal Secretary for Medical Services, Dr. Ouma Oluga.

The youth constitute the largest segment of Kenya’s population and represent one of our country’s greatest assets, presenting us with a tremendous opportunity to drive innovation, productivity and economic growth. Hosted Dr. Jean-Luc Stalon, UNDP Resident Representative in Kenya and Carole Kariuki, Chief Executive Officer of the Kenya Private Sector Alliance (KEPSA), at the National Treasury for an update on the progress of the NextGen.Ke Youth Employment Programme. The Programme is a strategic partnership between the Government, UNDP and the private sector that equips young people with market relevant skills, workplace experience, professional networks and employment opportunities. The Government will continue to implement strategic interventions, including the National Youth Opportunities Towards Advancement (NYOTA) Programme and the NextGen.Ke Youth Employment Programme to expand employment opportunities.

Alongside CS for Lands, Public Works, Housing & Urban Devpt @WahomeHon, we convened a high-level validation meeting at the @KeTreasury to review the Draft Public Assets Valuation Policy Framework aimed at strengthening transparency, accountability, & stewardship of public assets.