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Originally published by Capital Newstop
September 18, 2025
2h ago
Ruto touts economic revitalization after defying Uhuru’s doom prediction

Ruto cited improved economic indicators, including inflation falling to 4.5 percent, the shilling strengthening to 129 against the dollar, and foreign exchange reserves doubling to $11.8 billion. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..
✨ Key Highlights
President William Ruto has affirmed his administration's economic revitalization efforts, countering a dire prediction by former President Uhuru Kenyatta that Kenya would default within three months of Ruto's presidency.
- Ruto highlighted improved economic indicators, with inflation dropping to 4.5 percent from 9.6 percent, the shilling strengthening to 129 against the dollar from 165, and foreign exchange reserves doubling to USD11.8 billion.
- The International Monetary Fund (IMF) now ranks Kenya as the sixth-largest economy in Africa, and global credit rating agencies have upgraded the country’s rating from B– to B.
- Significant progress was also cited in agriculture with maize harvests increasing from 40 million bags in 2022 to 64 million last year, and in housing, with 170,000 units currently under construction, employing 320,000 young people.
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