Hon FCPA Kuria Kimani, CBS - MP Molo

Ready to serve, so help me God! #KKSeasonTwoHere

Majadiliano ya matumizi ya fedha 2025/2026, na matumizi bora ya rasilimali. Lengo kuu ni kuboresha maisha ya wananchi. #KKSeason3Loading #Molo

We met with the Office of the Controller of Budget, The National Treasury, the State Department for Economic Planning, and the Commission on Revenue Allocation. The meeting aimed to review and align budgetary allocations for FY 25/26 for effective implementation. #KKSeason3Loading #Molo

We are focused on sustaining Kenya’s economic resilience, strengthening revenue mobilisation, and addressing emerging expenditure pressures while safeguarding macroeconomic stability. Despite global uncertainties, our economy remains on a strong growth trajectory, supported by reforms under the Bottom-Up Economic Transformation Agenda (BETA). I engaged the Departmental Committee on Finance and National Planning of the National Assembly in Mombasa on the Supplementary Estimates No. 1 for FY 2025/26 for the National Treasury, and its SAGAS. This Supplementary Budget provides targeted interventions to support priority areas, including education, security, disaster response, infrastructure development, and the enhancement of digital public finance systems. The meeting was chaired by @KuriaKimaniMP (MP Molo).

Tax policy wins for the manufacturing sector show the power of stakeholder engagement. Stronger industry, stronger economy. #KKSeason3Loading #Molo

Kenya’s manufacturing sector has the potential to drive jobs, exports, and long-term growth;but at just 7.5% of GDP, we’re still far from our Vision 2030 goal. The barriers are clear: high energy costs, tax uncertainty, limited access to finance, and delayed VAT refunds. In Mombasa today, together with the Kenya Association of Manufacturers and industry leaders at a Public-Private Dialogue Retreat themed “Competing globally, made in Kenya,” we focused on solutions. Stronger public-private partnerships are key to creating a predictable, competitive business environment and unlocking the full potential of Made in Kenya. Parliament, through the National Assembly Departmental Committee on Finance and National Planning, remains committed to turning these conversations into real, practical reforms. A stronger manufacturing sector means more jobs, more exports, and a more globally competitive Kenya. #KKSeason3Loading #Molo

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - Achieving the vision to have Kenyan products compete globally requires deliberate and coordinated action across all sectors. Strong collaboration between government and the private sector, guided by data and driven by innovation will be essential in realizing this vision. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - The National Assembly Committee on Finance and National Planning plays a central role in shaping policies that influence economic growth and business performance. The committee remains committed to promoting tax predictability, reducing policy uncertainty and reviewing measures that increase the cost of doing business. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - Kenya's economic performance is closely linked to global developments, which continue to present both risks and uncertainties. Kenya is well positioned to benefit from regional and continental trade opportunities, such as AfCFTA. Increased participation in various markets has the potential to help Kenya to reduce its trade deficit, diversify exports and create employment opportunities. Achieving this will require improvements in product standards, cost competitiveness and trade facilitation systems to ensure Kenyan goods can compete across the continent. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - Tax policy continues to shape the operating environment for businesses and influence investment decisions across sectors. The Finance Act 2025 introduced measures aimed at strengthening revenue collection, though challenges remain in implementation and impact. Production costs remain relatively high, reducing the competitiveness of locally manufactured goods. Energy expenses account for up to 30% of total production costs in energy-intensive industries, with logistics further compounding this challenge. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - SMEs play a foundational role in Kenya's economy. Despite this importance, growth and scalability is limited as they grapple with tax and regulatory compliance and limited access to financing. A simplified and predictable tax framework, combined with targeted financial support would improve formalization rates, expand the tax base and enhance productivity among SMEs. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - Kenya's trade deficit stands at KSh 1.2 trillion, with imports valued at more than KSh 2.6 trillion, compared to exports worth approximately KSh 1.4 trillion. Manufactured goods contribute less than 3% of total exports, with 60% of these goods destined for the East African Community. This limits exposure to global value chains and reduces resilience against regional economic fluctuations. #KAMAdvocacy

Chair, National Assembly Committee on Finance and National Planning, Hon. @KuriaKimaniMP - Manufacturing remains central to Kenya's long-term economic transformation, but current performance reveals significant room for growth. #KAMAdvocacy

#KKSeason3Loading #Molo

Tupatane Inooro Fm. #KKSeason3Loadinh #Molo

Response. #NationaInfrastructureFund #KKSeason3Loading #Molo