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National Treasury CS John Mbadi during signing of Technical Assistance Implementation Agreements between Kenya and Agence Française de Développement (AFD) on May 13, 2026. [Jenipher Wachie, Standard].
National Treasury Cabinet Secretary John Mbadi has dismissed the ongoing nationwide matatu strike as unnecessary, warning that Kenya risks worsening its economic situation if stakeholders respond to rising fuel prices through “emotional decisions” instead of structured dialogue.
Speaking during a television interview on Monday, Mbadi said the industrial action by transport operators over soaring fuel prices could further strain an already fragile economy and limit the government’s ability to cushion consumers from the impact of rising costs.
“We must debate and discuss soberly. The economy is going to be hit further, and when the economy is hit further, we have even fewer resources to subsidize prices,” Mbadi said.
