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‘Economy is on sound footing’, Ruto says as he dismisses critics


President William Ruto has strongly defended his administration’s economic track record, citing reduced inflation, a strong shilling, and growing foreign exchange reserves as key indicators that the country is on a recovery path.

Speaking at State House on Tuesday, the Head of State dismissed critics casting doubts on the real state of the economy, asserting that “facts are stubborn” and thus cannot be overshadowed by political narratives.

He was addressing professionals from the build sector at the launch of the Affordable Housing Internship Programme. 

“I have had to make difficult decisions to get us here and I have no regret whatsoever,” he said, adding, “today I can confidently tell the country that our economy is on sound footing.”

He urged Kenyans to reject what he termed as “negativity” and rhetoric that paints Kenya as a failed state. Instead, he called on citizens to appreciate the progress made in various sectors, particularly affordable housing, fiscal consolidation, and economic reforms.

“Do you know what a failed state  looks like?” he posed 

“Let nobody lie to you. We are a great country. Not many countries can achieve what we have achieved, especially in housing, within just one and a half years,” he emphasized.

Further, the President cited a recent International Monetary Fund (IMF) report that ranked Kenya as the sixth-largest economy in Africa, attributing the recognition to strategic reforms.

“The IMF a month ago said Kenya’s economy is now  the 6th largest economy in Africa. It is not a rumor, it’s not propaganda. I am committed to making sure that we have a solid economy.”

The President reiterated his long-term vision to transform the country, warning that such change is not immediate and requires endurance, focus, and political will.

“Nothing is going to stop me from driving the transformation that will take Kenya where we’ve always wanted to go. I’m very clear on what must be done,” Ruto stated.

He added: “It is not always that you get an opportunity to be president, it comes once in a lifetime.”

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