Mbadi admits Kenyans still struggling despite economic gains
National Treasury Cabinet Secretary John Mbadi has acknowledged that many Kenyan households continue to face cost-of-living pressures despite improvements in economic growth, inflation and access to credit. Mbadi said the government’s next economic priority was to ensure that gains in macroeconomic stability translate into better living standards, increased purchasing power and more opportunities…
National Treasury Cabinet Secretary John Mbadi has acknowledged that despite Kenya's economic growth, inflation and access to credit improvements, many households continue to struggle with the cost of living. During the Mashujaa Day 2026 Economy (Finance) Thematic Week, Mbadi emphasized the government's priority to translate macroeconomic stability into better living standards and wealth-building opportunities for Kenyans.
The CS highlighted Kenya's economic growth of 5.0% between 2022 and 2025, surpassing global and Sub-Saharan African averages, and noted that over 824,000 jobs were created in 2025. However, he cautioned that households still bear the cumulative effects of earlier price increases, making it challenging for many Kenyans to feel the benefits of economic growth in their daily lives.
Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
