Homa Bay, Kenya – Addressing the nation during the 62nd Madaraka Day celebrations in Homa Bay on June 1, President William Ruto conveyed strong confidence in Kenya's economic trajectory, asserting that the country is firmly on the path to stability and renewed prosperity. He pointed to several positive economic indicators, including robust Gross Domestic Product (GDP) growth, a noticeable decline in the inflation rate, and a strengthening Kenyan shilling, as clear evidence of successful economic reforms implemented under his administration’s Bottom-Up Economic Transformation Agenda (BETA).

Economic Indicators and Future Outlook

President Ruto highlighted projections from the International Monetary Fund (IMF), which forecast Kenya’s GDP to reach $132 billion, positioning it as East Africa’s largest economy. He attributed this significant progress to prudent fiscal discipline by the government and the resilience and dynamism of a supportive private sector. Concluding his economic remarks, the President called on all Kenyans to remain optimistic about the nation's future and to collectively contribute to its continued economic advancement.