Second National Steering Committee Meeting On Environmental Economic Accounting Held In Nairobi

The Second National Steering Committee Meeting on Environmental Economic Accounting took place today, Tuesday, 1st September, 2026 in Nairobi. 

The event organized by the Kenya National Bureau of Statistics (KNBS) in partnership with the World Bank, brought together key government institutions, development partners and other stakeholders to advance Kenya’s Natural Capital Accounting agenda.

The meeting, which was officiated by the State Department for Economic Planning Principal Secretary, Dr. Bonface Makokha, deliberated on strengthening the use of Natural Capital Accounting in national planning, policy formulation, investment and the implementation of the National Plan for Environmental Economic Accounting (NP-AEEA).

In his remarks, Dr. Makokha emphasized the need to move the Natural Capital Accounting beyond a statistical exercise and ensure that natural capital data directly informs government policy, planning, budgeting and decision-making.

He noted that integrating natural capital data into macro-fiscal frameworks, including the Kenya Macroeconomic Model (KENMOD) and Budget Policy Statements, will help the Government assess economic and fiscal risks, understand the impact of environmental changes on key sectors and guide sustainable public investments.

In addition, PS Makokha called for stronger institutional coordination, capacity building and county-level application of Natural Capital Accounting to support sustainable development and safeguard Kenya’s natural assets for future generations.

He reaffirmed the Government’s commitment to evidence-based policy formulation and prudent resource allocation, in line with the Bottom-Up Economic Transformation Agenda (BETA), Kenya Vision 2030, the Fourth Medium-Term Plan (MTP IV) and the Sustainable Development Goals (SDGs).

Present during the meeting were; KNBS Director General Dr. Macdonald Obudho, World Bank Senior Economist David Kaczan, representatives from the National Treasury, the State Department for Forestry, and the World Bank.