Treasury Revises 2027 Economic Growth, Issues Warning on Shilling and Fuel Prices
This comes at a time when KAM and the Federation of Kenyan Employers have raised concerns over taxation and jobs as the country moves into 2027...
✨ Key Highlights
Kenya's economy is projected to grow by 5.1% in 2027, according to a forecast by the National Treasury. This optimistic outlook anticipates a recovery driven by easing external pressures and normalized global supply chains, despite ongoing concerns over fuel prices and currency stability.
- The National Treasury forecasts economic growth of 5.1% in 2027.
- The forecast is provided by the National Treasury in their 2026 Budget Review and Outlook Paper (BROP).
- Potential risks include prolonged geopolitical tensions, higher international oil prices, and adverse weather conditions, which could impact the projected recovery.
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Treasury Explains Restructuring of Chinese SGR Loan - August 2026
Kenya's National Treasury is set to save over Ksh27 billion annually following the successful renegotiation of terms for three Standard Gauge Railway (SGR) loans with China. The Kenyan Treasury is considering extending the 8% VAT cut on fuel beyond October and introducing further subsidies to mitigate high prices, influenced by the volatile Middle East situation. Kenya's economy is projected to grow by 5.1% in 2027, according to a forecast by the National Treasury, anticipating a recovery driven by easing external pressures and normalized global supply chains, despite ongoing concerns over fuel prices and currency stability.
