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Current performance-monitoring systems are also under scrutiny. While the National Treasury sets key performance indicators and targets, the World Bank says these benchmarks are not in line with private sector standards, meaning SOEs do not face meaningful financial consequences for underperformance.
The UHC Global Monitoring Report 2025 shows that despite steady improvements since 2000, momentum is fading, especially for the world’s poorest communities, who continue to face the highest costs and the greatest barriers.
Kenya recorded Africa’s fastest private sector growth in November, with its PMI rising to 55.0, the highest in five years, signalling stronger demand, hiring and business confidence.
A World Bank review warns Kenya’s rising debt and falling tax revenues are squeezing development spending, urging five major fiscal reforms to restore stability, protect jobs and rebuild public trust.
Between 2008 and 2022, all sectors recorded significant margin increases, with most Kenyan sectors outperforming regional, structural, and aspirational peers, highlighting persistent limited competitive pressure across industries from manufacturing to services.
The lender, on Monday, emphasized that while SOEs often receive state support for valid reasons, spillovers into commercial operations can undermine productivity and the private sector.
The result is that the economy is now projected to grow by 4.9% this year, up from the World Bank's May forecast of 4.5%, and maintain that rate of growth over the next two years.
Kagwe said the initiative will also enhance food and nutrition security, reduce imports, and boost agricultural exports.
The report estimates that the world loses roughly 324 billion cubic meters of freshwater every year, enough to satisfy the yearly needs of around 280 million people. These figures reveal that water shortages are no longer just an environmental concern—they are now a pressing economic challenge that could undermine development progress across the globe.
Mudavadi said the government is stable, focused, and determined to fulfill its promises by creating real opportunities for young people to thrive.
Speaking at the Mumias Sports Complex on Friday, the President described the programme as a “transformational journey” aimed at ensuring that no young person is left behind in Kenya’s economic growth story.
Data released on Friday shows that the deficit spans critical professions, with an estimated shortage of 4.5 million nurses, 3.1 million doctors, 1.9 million midwives, 0.3 million dentists, and 0.2 million pharmacists. In total, the global health workforce shortfall is projected to reach 10.2 million workers within the next five years.