President William Ruto has affirmed that Kenya's economy has regained stability following four years of comprehensive reforms. Speaking during a Special National Address, he emphasized that the government has successfully navigated global economic challenges and laid a foundation for sustained growth.
Ruto outlined key achievements including:
- Restoration of macroeconomic stability
- Stabilization of the Kenyan shilling
- Rebuilding of foreign exchange reserves to nearly US$14 billion, covering almost six months of imports
- Reduction in inflation rates and borrowing costs
- Return of investor confidence, with foreign direct investment reaching a record US$3.2 billion in 2025, more than double the previous year
The President also noted that Kenya was ranked as the most competitive economy in Africa in the 2025 IMD World Competitiveness Ranking, attributing this to the reforms implemented under his administration.
Looking ahead, Ruto said the government is preparing for the next phase of national development beyond Vision 2030. He highlighted the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund as key institutional steps to ensure sustainable financing and wealth preservation for future generations.
He announced plans for a national conversation aimed at formulating a new development charter anchored in the Constitution. This initiative seeks to define Kenya’s long-term priorities and promote economic planning insulated from political cycles, fostering sustained transformation.
