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Originally published by Citizen DigitalNovember 20, 2025
3h ago
President Ruto defends economic record, cites inflation drop and shilling stability
Speaking during his State of the Nation address at a joint sitting of the National Assembly and Senate, the President said the country was in severe distress when he took office.He also pointed to the.....
✨ Key Highlights
During his State of the Nation address, President William Ruto defended his administration's economic record, asserting that Kenya has transitioned from crisis to stability through deliberate reforms.
- Inflation has eased from 9.6% in 2022 to 4.6% last month, and the Kenyan shilling has stabilized at approximately Ksh. 129 to the dollar.
- Kenya's GDP has grown from $115 billion in 2021 to $136 billion, moving it to the sixth-largest economy in Africa.
- Foreign direct investment has tripled from $463 million in 2021 to $1.5 billion in 2024, with foreign reserves now exceeding $12 billion.
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