Kenya: Precision or Spin? Evaluating Kenyan President Ruto’s Mid-Term Economic Scorecard

Precision or spin? Evaluating Kenyan president Ruto’s mid-term economic scorecard

• The government was on the money on GDP growth, the reduction of inflation and the fiscal deficit, and the stability of the shilling.
• But diaspora remittances grew by 22.8%, not the claimed 60%. Foreign exchange reserves were also at US$10 billion, but in March 2025, not February. Moreover, they are a moving target and not a fixed milestone as implied.
• Annual revenues rose by 22.9% and not 42%, about half the pace…