President William Ruto has unveiled a new economic framework to succeed Vision 2030, acknowledging that Kenya is unlikely to meet its goal of becoming an upper-middle-income country by 2030.
During his State of the Nation Address at State House, Ruto emphasized the need for a nationwide conversation that transcends political cycles. This dialogue aims to assess past achievements, identify shortcomings, and chart a development path aligned with the 2010 Constitution’s aspirations.
Reflection on Vision 2030 and Lessons Learned
Ruto recognized Vision 2030’s role in shaping Kenya’s development agenda over the last two decades but admitted the country has lagged behind in economic transformation compared to nations like South Korea and Vietnam. He cited the stark contrast in GDP per capita growth: from similar levels in 1965, South Korea’s current GDP per capita exceeds $36,000, while Kenya’s remains around $2,400.
The President urged Kenyans to honestly evaluate why other countries have advanced more rapidly and to determine the necessary changes to ensure a different outcome in the next development phase.
Progress and New Institutions
Despite falling short of the Vision 2030 target, Ruto highlighted progress in stabilizing the economy, including improved foreign exchange reserves, reduced inflation, and increased investor confidence. Kenya attracted $3.2 billion in foreign direct investment in 2025, more than double the 2022 figure.
He also pointed to the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund as mechanisms to support sustainable investments and safeguard resources for future generations.
Inclusive National Development Charter
The President proposed developing a new National Development Charter through a broad consultative process involving farmers, workers, entrepreneurs, professionals, faith leaders, youth, and citizens nationwide. This inclusive approach aims to build strong institutions that foster innovation, investment, and wealth creation.
Ruto stressed that development is a constitutional right and responsibility, not merely a government policy preference. He called for a shared vision that endures beyond electoral changes and political administrations.
Call for Public Participation
To ensure the new vision reflects the people’s will, Ruto encouraged widespread public involvement in shaping Kenya’s future. He envisions a nation where constitutional promises translate into tangible opportunities and improved living standards for all Kenyans.
