President William Ruto has announced that Kenya is prepared to transition into a new stage of economic transformation after overcoming years of financial instability.
In a national address on July 30, 2026, the President highlighted the government's efforts over the past four years to stabilise the economy, rebuild investor confidence, and establish a strong foundation for sustainable development.
Economic Stability Restored
Ruto pointed out that Kenya has achieved significant milestones including a stable currency, increased foreign exchange reserves exceeding Ksh1.95 trillion—enough to cover six and a half months of imports—reduced inflation, and lower borrowing costs. These improvements have contributed to renewed investor confidence.
Record Foreign Investment and Competitiveness
The country attracted a record Ksh414 billion in foreign direct investment last year, more than double the amount in 2022. The President credited business environment reforms for this surge. Kenya also ranked as Africa's most competitive economy in the 2025 IMD World Competitiveness Ranking, reflecting growing investor trust.
Shaping Kenya’s Future
Ruto emphasized that Kenya is at a critical juncture to shift focus from economic recovery to long-term transformation. He recalled his previous call for Kenyans to envision and prepare for the nation's future by building institutions that will support sustained growth.
A Historic Opportunity
The President described the moment as a rare chance to redefine Kenya’s development trajectory after decades of missed opportunities. He urged citizens to unite and work towards lasting economic progress.
- Economy stabilised with strong currency and reserves
- Foreign direct investment doubled to Ksh414 billion in 2025
- Kenya named Africa’s most competitive economy
- Focus now on long-term national development
- Call for unity to seize historic growth opportunity
