Ruto: Kenya's economy has stabilised after four years of reforms
President William Ruto announced that Kenya has successfully stabilized its economy after four years of reforms. He cited improved macroeconomic indicators, including a stabilized currency and increased foreign exchange reserves, as evidence of progress.
Why it matters
Economic stability in Kenya is a key indicator for regional growth in East Africa and investor confidence in emerging markets.
President William Ruto delivers a Special National Address on Kenya's development agenda beyond Vision 2030 at State House, Nairobi, on July 30, 2026. /SCREENGRAB
President William Ruto has defended his administration's economic record, saying Kenya has successfully stabilised the economy after four years of reforms and is now well-positioned to begin planning its next phase of long-term national development.
Speaking during a Special National Address on Thursday evening, the President said the country had moved beyond the economic challenges that confronted his administration when it assumed office and had restored macroeconomic stability, investor confidence and the foundation needed for sustained growth.
Ruto said that four years ago, the government's immediate priority was to help the country withstand global economic shocks, restore confidence in the economy and put public finances back on a stable footing before embarking on a new long-term development agenda.
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