Deputy President Kithure Kindiki has identified seven critical areas that the Kenya Kwanza administration will prioritize to transform Kenya’s economy under President William Ruto’s leadership.
While chairing the 26th Ordinary Session of the Intergovernmental Budget and Economic Council (IBEC) at his Karen office on Monday, January 27, Kindiki emphasized that these focus areas aim to improve the lives of Kenyans significantly.
The priority areas include achieving macroeconomic stability, revitalizing key value chains, and improving infrastructure such as roads, markets, County Aggregation and Industrial Parks, and Special Economic Zones (SEZs). Additionally, the administration will focus on job creation through local opportunities, international placements, and digital platforms. Affordable and social housing, alongside reforms in the education and health sectors, also feature prominently in the agenda.
“Macroeconomic stability is the cornerstone of our BETA agenda, as it underpins all the interventions that will have the greatest impact on the majority of Kenyans,” Kindiki said.
He noted that Kenya is already experiencing positive macroeconomic indicators, signaling economic recovery. He highlighted a declining inflation rate, reduced food and petroleum prices, and an overall lower cost of living as evidence of a healthier economy.
“I am happy to note that generally, the economic situation is getting stable. The indicators of macroeconomic stability are beginning to coalesce and stabilise and that is good for the economy,” he stated.
“You have seen just two days ago Kenya’s rating by international rating agency Moody’s has placed Kenya in a good position from negative to positive and that is as a result of the hard work for the last two years which has been able to arrest the escalation of the Macroeconomic fundamentals,” Kindiki added.
Despite the progress, Kindiki urged governors to remain aware of the challenges posed by the revenue-expenditure gap, which he attributed to debts inherited from previous administrations. He stressed the importance of prudent financial management to ensure sustained economic growth.
