NAIROBI, Kenya – November 2025: The banking industry has called on the government to prioritize political, economic, and institutional stability as a foundation for sustained growth and improved service delivery, particularly as the country moves closer to the next General Elections.
Speaking during a presentation to the National Development Implementation Committee (NDIC) themed “Consolidating Kenya’s Fiscal Space for Better Service Delivery,” Kenya Bankers Association (KBA) Chief Executive Officer, Raimond Molenje, underscored the importance of maintaining confidence across all sectors of the economy.
“As the private sector, instability in politics, government, and the economy hits us harder,” said Mr. Molenje. “With about 20 months to the General Elections, we need stability before and after the polls, and central to this is restoring the lost purchasing power for Kenyans and businesses,’’ he said.
The presentation was made at a high-level meeting attended by all Cabinet Secretaries and Principal Secretaries, and presided over by the Prime Cabinet Secretary Musalia Mudavadi. The session focused on fiscal alignment and strengthening national service delivery frameworks. Treasury Cabinet Secretary John Mbadi and Principal Secretary Dr. Chris Kiptoo were among the senior government officials in attendance.
Mr. Molenje noted that consolidating fiscal space is key in enabling Kenya to finance its development priorities, support enterprise growth, and safeguard macroeconomic stability. He reaffirmed the banking industry’s commitment to collaborating with government to advance policies that enhance fiscal sustainability, financial inclusion, and economic resilience.
“A stable and predictable economic environment is essential for investment, job creation, and sustainable growth. The banking sector remains ready to support national efforts that promote fiscal prudence and strengthen Kenya’s competitiveness,” he added.
The Kenya Bankers Association continues to champion constructive dialogue between the public and private sectors to promote long-term fiscal sustainability, inclusive growth, and shared prosperity.
Media Contacts
Christine Onyango
Director, Communication and Public Affairs
Kenya Bankers Association
Email: conyango@kba.co.ke
About Kenya Bankers Association
The Kenya Bankers Association (KBA) is the umbrella body for all commercial banks in Kenya, regulated by the Central Bank of Kenya (CBK). Established on 16th July 1962, KBA represents 46 member institutions with assets exceeding KES 7.7 trillion. The Association’s core mandate is to champion a stable, competitive, and inclusive banking industry by influencing legislation, regulation, and policy to enhance access to affordable credit for individuals, households, and businesses. KBA also drives financial sector development through strategic initiatives such as the launch of Pesalink, the industry’s first peer-to-peer digital payments platform. In partnership with the CBK and other stakeholders, KBA has also spearheaded key projects including the modernization of the National Payments System, the implementation of the Real Time Gross Settlement System (RTGS), and the Kenya Credit Information Sharing Initiative. Guided by its brand statement, One Industry. Transforming Kenya, KBA continues to promote a strong and professional banking sector that advances innovation, fosters financial inclusion, and supports national economic growth. Learn More: www.kba.co.ke.
