US 10pc global tariff hurt Kenyan firms, CBK survey
The CBK CEOs Survey indicates that US trade tariffs and policy changes continued to weigh on several sectors of the Kenyan economy. Kenya breaking news | Kenya news today |..
✨ Key Highlights
A survey by the Central Bank of Kenya (CBK) reveals that Kenyan firms were negatively impacted by US trade policies, specifically a 10 percent global tariff introduced last year.
- Professional services, ICT, hospitality, financial services, and wholesale and retail trade sectors were most affected.
- The US Supreme Court declared the tariffs unconstitutional on February 20, 2026, though the administration planned to reimpose a similar levy.
- Despite these challenges, Kenyan firms continue to benefit from duty-free access to the US market through the extended African Growth and Opportunity Act (AGOA) until 2026.
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Kenya Economic Developments: CBK, CEOs, and Trade - February 2026
Kenyan CEOs express optimism for 2026 business growth driven by a stable economy and declining interest rates. Kenya's forex reserves are expected to rise from the government's partial sale of its stake in Safaricom and proceeds from a recent Eurobond issuance. A Central Bank of Kenya survey reveals that Kenyan firms were negatively impacted by the US 10 percent global tariff introduced last year.
