- President Ruto says Kenya’s reserves now stand at $10.3 billion—the highest ever.
- Inflation has fallen from 9.6% in 2022 to 3.8% in 2025.
- He praised ordinary Kenyans—farmers, workers, and service providers—for their contribution.
- CBK commended for its role in managing inflation and the exchange rate.
- Kenya is projected to overtake Ethiopia with a GDP of $132 billion.
Kenya has reached a new economic milestone with its foreign exchange reserves climbing to an all-time high of $10.3 billion. Speaking in Nairobi on Tuesday, President William Ruto linked this success to the grit and determination of everyday Kenyans, saying the progress didn’t come by chance.
According to the President, the improvement is a strong signal that the country’s economy is getting stronger, driven by better food supply, strict financial controls, and the dedication of citizens across various sectors.
Farmers and Hustlers Behind Economic Comeback
President Ruto highlighted that inflation, which stood at 9.6% in 2022, has dropped to 3.8% in 2025. He credited this to hardworking farmers increasing food production and more responsible public spending. He emphasized that the real heroes of this recovery aren’t economists but ordinary Kenyans who wake up daily to feed, build, and keep the nation running.
“Our progress is thanks to wananchi—the people who farm, build, treat the sick, and keep Kenya moving,” he said.
He gave a special mention to workers in construction, farming, and healthcare, thanking them for making sure Kenya keeps moving forward.
Central Bank Gets Praise as Kenya Eyes Top Spot
President Ruto also commended the Central Bank of Kenya (CBK) for helping stabilize the exchange rate and protect the country’s foreign reserves. He said the government and the CBK are working closely to keep the economy strong.
With these gains, Kenya is now on track to become the biggest economy in East Africa, according to the latest International Monetary Fund (IMF) projections. Kenya’s GDP is expected to reach $132 billion this year, placing it ahead of Ethiopia, which is projected at $117 billion.
As the President noted, these numbers reflect a growing confidence in Kenya’s future—driven not by luck, but by hard work.
