Treasury exudes confidence as economy signals recovery

A view of a section of the newly opened China Square Stores in Kisumu at the Mega City Mall on November 23, 2024.

Photo credit: Alex Odiambo | Nation Media Group

President William Ruto inherited a litany of problems as he took the helm, ranging from burgeoning public debt to a volatile forex market and a surge in food and fuel prices.

The economic woes triggered fears of Kenya defaulting on its debt obligations amid a cash squeeze that saw the government delay payment of civil service salaries.

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