Economic woes to persist for two years, Musalia Mudavadi warns

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Prime Cabinet Secretary and Ministry of Foreign and Diaspora Affairs CS, Musalia Mudavadi. PHOTO | DENNIS ONSONGO | NMG

President William Ruto’s administration has said it will take at least two years for the economy to emerge from current challenges, pointing to continued hardships in the near term.

Prime Cabinet secretary Musalia Mudavadi told Parliament on Wednesday that current economic woes, which include sky-high inflation, rising debt service costs, and a weakened Kenya shilling, took much longer to precipitate than was presumed.

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