President William Ruto has said that he has delivered Kenya’s economy from what he described as the trenches it was in when he took over power in September 2022.
Addressing a roadside rally in Kericho town on Thursday, the president cited the price of the US dollar against the shilling, which decreased last month, after rising all the time up to Ksh.161.
“Kenya’s economy was in the trenches but I have saved it. Now, as you can see, even the dollar price has gone down and things are in order,” Ruto said.
The Head of State also quoted February’s slight drop in fuel prices and hinted at a further drop in the Energy and Petroleum Regulatory Authority (EPRA)’s March review due Thursday evening.
He further defended his government’s hike of several taxes and introduction of new ones, reiterating that he seeks to control debt levels.
“We must be careful as a nation not to contract debt that has the possibility of making our country fall. That is why we are going to use local interventions and revenue to drive our development and reduce borrowing,” said Ruto.
As at now,Kenya has received disbursements of over Ksh.136 billion ($1 billion) and expects more billions from the World Bank until May.
By Matildah Obaigwa
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