Treasury reverses 2026 economic growth from 5.3pc to 5pc
The Treasury, however, revised its 2026 growth forecast down from 5.3 percent, citing disruptions caused by the Middle East conflict, which pushed up global fuel prices, disrupted supply chains and weakened external demand...
āØ Key Highlights
The National Treasury of Kenya has revised its economic growth forecast for 2026 downwards from 5.3% to 5%, citing global uncertainties.
- The projected economic growth for 2026 has been adjusted to 5%.
- The revision was announced by Treasury Principal Secretary Chris Kiptoo.
- The Middle East conflict is identified as a primary reason for the revised forecast due to its impact on fuel prices and supply chains.
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Treasury Reverses 2026 Economic Growth From 5.3pc to 5pc - July 2026
The National Treasury of Kenya has revised its economic growth forecast for 2026 downwards from 5.3% to 5%, citing global uncertainties. At the same time, the National Treasury will begin nationwide public hearings in August on proposed cuts to Pay As You Earn (PAYE) tax, with the Cabinet Secretary assuring workers that tax relief is still planned. Meanwhile, Kenyan banks are significantly increasing lending to the agriculture sector, with loans rising by 23.5% to Sh190.2 billion in the year to April 2026, attributed to falling interest rates which have revived private sector borrowing and signaled renewed confidence in agriculture.
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