Kenya Economic Outlook: Reserves, Growth, Tariffs

Kenya's forex reserves are expected to rise due to the government's partial sale of its Safaricom stake and proceeds from a recent Eurobond issuance. Kenyan CEOs express optimism for business growth in 2026, driven by a stable economic environment and declining interest rates. However, a Central Bank of Kenya survey reveals that Kenyan firms were negatively impacted by a 10 percent global tariff introduced by the US last year. These stories highlight Kenya's macroeconomic environment combining positive indicators with external trade challenges.