The Online Kenyan Logo

The Online Kenyan

C
Originally published by Capital News
📰 Read Full Article
top
September 18, 2025
2h ago

Ruto at Three: Lofty Promises, Fragile Gains and the Weight of Broken Pledges

Ruto at Three: Lofty Promises, Fragile Gains and the Weight of Broken Pledges

Kenya’s public debt now exceeds KSh12 trillion, heavily tilted towards domestic borrowing. This has created a dangerous crowding-out effect: banks, enticed by high-yield government securities, shy away from lending to MSMEs and SMEs. Small businesses are starved of credit, jobs..

✨ Key Highlights

After three years in office, Kenyan President William Ruto's administration is characterized by a mix of macroeconomic stabilization and significant socio-economic challenges, despite his initial "hustler" promises.

  • Inflation has been tamed, and foreign reserves have nearly doubled, indicating some economic stabilization.
  • Kenya's public debt now exceeds Sh12 trillion, heavily skewed towards domestic borrowing, hindering lending to MSMEs.
  • Policies such as the Hustler Fund and various new financing models for health and education have faced criticism for poor targeting, minimal impact, and allegations of corruption, including the SHA/SHIF and eCitizen platforms.
  • The administration faces growing discontent over the cost of living, "mutilated payslips," and concerns regarding "bizarre deaths and disappearances," which have galvanized Gen Z protesters.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article

Related News

| DAY BREAK | Ruto @3: The Integrity question [Part 2]
Video
New

| DAY BREAK | Ruto @3: The Integrity question [Part 2]

C
Citizen TV (Youtube)
1h ago
| DAY BREAK | Ruto @3: The Integrity question [Part 1]
Video

| DAY BREAK | Ruto @3: The Integrity question [Part 1]

C
Citizen TV (Youtube)
2h ago
Plans to turn Kenya into maritime hub shelved as Ruto disbands key secretariat
3h ago

Plans to turn Kenya into maritime hub shelved as Ruto disbands key secretariat

Kenya's ambitious plan to become a regional maritime logistics hub has been shelved after President William Ruto disbanded the Kenya National Shipping Line board and the Blue Economy Secretariat, which were pivotal to the initiative.

T
The Standard Business
📰 Read Full Story
Questions emerge on eligibility of opposition candidate in by-election
politics3h ago

Questions emerge on eligibility of opposition candidate in by-election

Questions have arisen regarding the eligibility of Newton Kariuki, a popular musician also known as Karish, chosen as the opposition's candidate for the Mbeere North parliamentary by-election. His candidacy is in doubt because he reportedly has not yet resigned from the Devolution Empowerment Party, which sponsored him in 2022 as a Muminji MCA.

S
Standard Politics
📰 Read Full Story
Dongo Kundu SEZ to Launch Before Year-End, President Ruto says
top6h ago

Dongo Kundu SEZ to Launch Before Year-End, President Ruto says

President William Ruto announced the KSh65 billion Dongo Kundu Special Economic Zone will launch before the end of the year, expecting to create thousands of jobs. During a tour of Mombasa County, the President highlighted significant government investments in housing, port expansion, and infrastructure.

C
Capital News
📰 Read Full Story
Opposition goes mute as Ruto team beats own drum
politics9h ago

Opposition goes mute as Ruto team beats own drum

President William Ruto has inaugurated the Mombasa commuter rail service, connecting several key areas within Mombasa County. This development comes as political discourse in Kenya intensifies, despite the next General Election being two years away.

S
Standard Politics
📰 Read Full Story