The National Treasury

VIRTUAL ASSETS Kenya moves closer to regulating virtual assets as public participation on the Draft Virtual Asset Service Providers (VASP) Regulations, 2026 concludes. The Regulations operationalize the Virtual Asset Service Providers Act, 2025, providing a clear legal framework for licensing, regulating, and supervising virtual asset businesses in and from Kenya. Virtual assets such as cryptocurrencies, tokenized assets, and stablecoins are reshaping global finance. Kenya is positioning itself to harness innovation while safeguarding financial stability, protecting consumers, and managing emerging risks. Public value: The framework establishes a fair, transparent, and competitive market,supporting innovation, strengthening investor confidence, and unlocking new economic opportunities. Strong safeguards introduced include: • Fit & proper ownership requirements • Adequate capital thresholds • Strong governance frameworks • Robust risk management and AML/CFT compliance Consumer protection remains central: • Clear risk disclosures • Transparent pricing structures • Effective complaints handling mechanisms • Strict segregation and protection of customer assets Market integrity measures include: • Fair and orderly trading rules • Due diligence before listing virtual assets • Continuous monitoring of markets • Zero tolerance for manipulation, insider trading, and false trading Enhanced oversight and resilience measures include: • Continuous reporting and disclosures • Onsite and offsite supervision • Strong cybersecurity and incident reporting frameworks • Mandatory audits, insurance, and prudential requirements A whole of government approach anchors implementation, bringing together The National Treasury, Central Bank of Kenya (@CBKKenya), and Capital Markets Authority (@CMAKenya) for coordinated oversight. Kenya is building a trusted framework that balances innovation with financial stability. Next step: review and consolidation of stakeholder submissions ahead of finalization of the Regulations. Stakeholders are encouraged to follow updates as Kenya advances this regulatory framework.

Public participation on the Draft Virtual Asset Service Providers Regulations, 2026 has concluded at the Cooperative University, Karen. Led by FSAD Director at the National Treasury Mr. Ronald Inyangala, the multi-agency team included key regulators such as the Central Bank of Kenya and the Capital Markets Authority. The session which brought together participants from Nairobi and Kiambu counties. was officially opened by Nairobi West County Commissioner Rose Chege and attended by Kiambu Deputy County Commissioner Titus Macharia.

The French Government has continued to partner with Kenya on key projects, with ongoing investments in sectors such as energy, environment, health, public transport, and water, which continue to support our economic growth and improve livelihoods. I met with H.E. Arnaud Suquet, the French Ambassador to Kenya, at the National Treasury to review ongoing collaboration and explore new partnership opportunities. We will continue to strengthen our partnership with the Government of France as we advance our development priorities and work towards a successful Africa-France Summit in May 2026 in Nairobi. @FranceinKenya @ForeignOfficeKE @KeTreasury

Presidential Assent of the Supplementary Appropriations Bill, 2026 x.com/i/broadcasts/1…

CS Hon FCPA John Mbadi today positioned Kenya at the forefront of Africa’s climate leadership at the Africa Urban Forum, advancing a unified approach to financing urban resilience. The CS announced the submission of the BCRUP Regional Readiness Concept Note to the Green Climate Fund,a major step toward delivering bankable climate solutions across 20 African countries. To close Kenya’s $6B annual climate financing gap, the CS called for stronger coordination through the Africa Development Action Network, urging Africa to negotiate as one bloc for predictable, large scale investment. On the domestic front, Hon. Mbadi highlighted the Affordable Housing Act as a financing model unlocking KES 73B annually to de-risk housing and crowd in private capital. Kenya is scaling affordable housing supply from 2% to 50%, ensuring sustainable urban development delivers dignified housing for all.

PS Dr. Chris Kiptoo @Kiptoock today received a courtesy visit from the leadership of The Co-operative University of Kenya @CoopVarsityKE, led by Chancellor Dr. Benard William Chitunga and VC Prof. Kamau Ngamau. The PS emphasized that the Government remains committed to higher education, investing in skills, innovation, and human capital to drive youth employment and empowerment. @benchitunga @Bettymuganda17 @HonJuliusMigos @EduMinKenya

Happy Easter.

Thank you fellow Kenyans for the vote of confidence. I receive the Top Best Starleaders Award 2026 with great humility.

Happy Easter fellow Kenyans! 🌸 May this holy weekend fill you with joy, calming peace, love, hope, renewed faith and bountiful blessings. The resurrection of Christ teaches us no challenge, whether collective or individual, is insurmountable. Intrinsically, we are resiliency conquerors. With a sense of renewal and deep reflection let's find time and connect with our respective families, friends and communities in commemorating Christ's crucifixion and resurrection.

May this day inspire us to walk in compassion, forgiveness, and selflessness.

We commend the International Monetary Fund (IMF) for continued collaboration with our country, support that has reinforced our economic stability and enabled sustained investment in priority sectors. Met Director of the African Department at IMF Abebe Selassie, State House, Nairobi. Mr Selassie expressed satisfaction with Kenya's management of the economy and fiscal consolidation. We discussed the war in the Gulf, the repercussions on African and global economies, and the options to minimise the effects on citizens and countries. Thanked Mr Abebe, who is leaving the IMF, for his visionary leadership and unwavering commitment to the IMF members in our continent. Wished him well in his future endeavours.

CS Hon. FCPA John Mbadi @JohnMbadiN today met the National Assembly Committee @NAssemblyKE on Finance and Planning, where he said: • The global economic outlook is under pressure due to escalating Middle East tensions, with risks to energy markets, trade, and financial stability. • Kenya’s economy remains resilient, with growth projected at 5.3% in 2026 and 2027, supported by agriculture recovery, a strong services sector, and ongoing economic reforms. • Macroeconomic stability has been sustained, with inflation at 4.3%, declining interest rates, a stable exchange rate, and strong foreign exchange reserves. • Diaspora remittances remain robust at USD 5.05 billion, continuing to support the economy and external sector stability. • Capital markets have strengthened significantly, with notable growth in the NSE index and overall market capitalization. • Budget implementation is on course, with improved revenue performance, though still below target, and a fiscal deficit of 3.7% of GDP. • The Middle East conflict poses key risks, including rising oil prices, potential fuel cost increases, and disruptions to trade, exports, and supply chains. • Key sectors such as agriculture, livestock, tourism, and exports are vulnerable to external shocks and logistics disruptions. • The Government has put in place mitigation measures, including the Fuel Stabilization Fund, export market diversification, and targeted support to sustain economic activity. • Kenya is also positioning itself to benefit from emerging opportunities, including increased use of Lamu Port as a regional logistics hub. • Hon Mbadi told the Parlliamentary Committee that the Government remains committed to maintaining macroeconomic stability, strengthening fiscal sustainability, and driving inclusive economic growth. @Kiptoock

CS Hon.FCPA John Mbadi @JohnMbadiN, today hosted Mr. Iradj Alakhani of the Horn of Africa Initiative (HoAI), who led a highlevel delegation visiting Kenya from 29th March to 3rd April 2026. The delegation included Mr. Liban Obsiye, Head of the HoAI Secretariat, and Mr. Khada Abdale, Somalia’s HoAI National Adviser, alongside the Ambassador of the Federal Republic of Germany to Kenya @GermanyinKenya H.E Sebastian Groth. The delegation briefed the Cabinet Secretary on progress towards the 27th Ministerial Meeting and ongoing preparations for the 28th Ministerial Meeting scheduled to take place during the 2026 Spring Meetings in Washington DC. The meeting also covered collaboration with the World Bank on regional corridor development, advancement of Terms of Reference for cross-border energy projects, and progress on trade facilitation milestones supported by development partners, including KfW. The engagement reaffirmed the Initiative’s focus on strengthening economic integration among its six member states,Djibouti, Ethiopia, Kenya, South Sudan, Sudan, and Somalia. @hoainitiative

CS Hon. FCPA John Mbadi @JohnMbadiN this afternoon convened a consultative meeting with the leadership of the Salaries and Remuneration Commission (SRC), led by Chairperson Sammy Chepkwony, to advance inter agency coordination and align public sector remuneration with fiscal sustainability objectives. PS Dr. Chris Kiptoo @Kiptoock also addressed the meeting.

CS Hon. FCPA John Mbadi (@JohnMbadiN) today convened a high level meeting bringing together @Transport CS Roads and Transport Hon. Davies Chirchir @davies_chirchir, PSs Dr. Chris Kiptoo @Kiptoock and Eng. Joseph Mungai Mbugua, and Mohammed Hassan of the President’s Council of Economic Advisors, alongside senior leadership from Kenya Ports Authority @Kenya_Ports and @KeNHAKenya, to review progress and strengthen strategic coordination on Dongo Kundu. The meeting sought to fast-track critical infrastructure, enhance port connectivity, and accelerate the Special Economic Zone to unlock investment and position Kenya as a competitive regional logistics hub.

We are keen on advancing digital transformation across Government to enhance efficiency, transparency, and accountability in public finance management. Today at the National Treasury, I met with officials from the National Treasury and the State Department for ICT, who briefed me on the progress in implementing the Electronic Document Management System and integrating digital signatures to fully automate workflows. This will enable secure document authentication, strengthen audit trails, and improve records management. It will significantly reduce manual processes, enhance coordination across institutions, strengthen governance, and improve service delivery, while aligning our systems with modern, technology driven standards. @ICTAuthorityKE @tanuijohn @MoICTKenya

Public participation on the Draft Virtual Asset Service Providers Regulations, 2026 continued today in Kisumu County, bringing together stakeholders from Kisumu, Kericho, Siaya and Nandi. The exercise, led by Dr. Indeje Wanyama from the National Treasurt, commenced with a courtesy call on County Commissioner Benson Leparmorijo, and was officially opened by Deputy County Commissioner Patrick Mahero on his behalf. The engagement marks Day Two of ongoing consultations aimed at strengthening Kenya’s regulatory framework for virtual asset service providers.

PS Dr. Chris Kiptoo (@Kiptoock) hosted Mr. Abebe Selassie, Director of the African Dept at the IMF @IMFNews, to discuss Kenya’s macroeconomic stability and ongoing economic reforms:~ 🔹 Recent economic developments 🔹 Regional economic outlook 🔹 Evolving policy priorities. ​Kenya remains committed to engaging with global financial institutions to advance sustainable growth. #EconomicReform #KenyaIMF #FiscalStability