Ruto unveils Sh5trn mega plan to move Kenya ‘from Third to First World’ in State of the Nation address

Ruto said the next phase of his administration will be driven by four national priorities: massive investment in education, skills, science and innovation; a nationwide water harvesting and irrigation drive; an aggressive scale-up of power generation; and a ten–year transport a..

✨ Key Highlights

President William Ruto unveiled a visionary Sh5 trillion plan to elevate Kenya to a "First World" nation, emphasizing self-sufficiency over debt. During his State of the Nation Address, Ruto outlined a strategy focused on human capital, water, energy, and transport infrastructure.

The ambitious plan aims to raise Sh5 trillion through a National Infrastructure Fund and a Sovereign Wealth Fund, channeling privatization proceeds and natural resource royalties, without relying on traditional heavy borrowing.
President Ruto reported Kenya's economy has stabilized, with inflation dropping from 9.6 percent in 2022 to 4.6 percent, and GDP increasing from $115 billion to $136 billion, making it the sixth-largest economy in Africa.
Key initiatives include bringing 2.5 million acres under irrigation with 50 mega dams, adding 10,000 megawatts of clean energy, and constructing 28,000km of new tarmac roads over the next decade.