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Kenya
Ruto's dilemma: austerity vs recovery

Some in the president's entourage are having a hard time implementing his spending cuts and worry they jeopardise the key objectives of his presidency. William Ruto has already had to backtrack on his promise to forgo international funding. [...]

Published on 06/12/2022 at 06:00 GMT Reading time 3 minutes

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Finance, Politics

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Augustine Cheruiyot
Central Bank of Kenya
David Ndii
International Monetary Fund
Kamau Thugge
Kenya Defence Forces
Njuguna Ndung'u
Parliamentary Budget Office
Patrick Njoroge
President's Council of Economic Advisors
Rigathi Gachagua
Uhuru Kenyatta
William Ruto
World Bank
Yoon Suk-yeol

Kenya
World Bank provides $250m to help Kenya make state spending more transparent

President William Ruto's administration has managed to bag more international funding. The World Bank on 29 November approved a $250m credit aimed at improving the Kenyan government's management of state funds.

Subscribers only Finance, Diplomacy 13.12.2023

Kenya
Ruto looks to other Asian powers to help reduce dependence on China

Kenya, which is keen to reduce China's economic hold over it, particularly in relation to its debt, is turning for help to other South East Asian states. President Ruto's advisers believe that their country could take example from them.

Subscribers only Finance, Diplomacy 09.05.2023

Japan's PM Fumio Kishida (L) and Kenyan President William Ruto in Nairobi, Kenya, 3 May 2023.

Kenya
Ruto hires former foes to run infrastructure projects, gain influence

The Kenyan president has poached several people with historic ties to his political rival and given them jobs in key development bodies, especially those active in regions traditionally seen as strongholds of his opponents.

Subscribers only Politics 21.03.2023

In Focus | Kenya
President Ruto grapples to assert power in the face of Kenyatta clan's wealth and Moi family's prestige

William Ruto is uneasy about the financial and symbolic weight that the families of Kenya's former leaders carry, and is keen to diminish their power. Numerous political heirs and leaders feature on his list of targets, including Uhuru Kenyatta but especially, Gideon Moi.

Subscribers only Politics, Business 13.02.2023

William Ruto is concerned about the power of the former presidential families and is seeking to weaken them.

Kenya
Ruto tweaks his diplomatic and business ties with Paris

The new president wants to add his own personal touch to Franco-Kenyan relations, which flourished under his predecessor. French diplomats and businesses have been updating their plans for Kenya after Ruto's recent trip to meet Emmanuel Macron in Paris.

Subscribers only Business, Diplomacy 10.02.2023

French President Emmanuel Macron with Kenya's President William Ruto, prior to a meeting at the Elysee in Paris, on 24th of January 2023.

Kenya
Ruto plans diplomatic reshuffle to reward election allies

The parties in the ruling coalition are negotiating to share out soon-to-be vacant posts in Kenyan embassies and consulates. The president is using the opportunity to promote loyal supporters who did not get a government job.

Subscribers only Politics 26.01.2023

Kenya, South Sudan
Ruto bends over backwards to win over Kiir

Kenyan president William Ruto wants to turn the page on a decade of strained relations between Kenya and South Sudan. Multiple concessions made to his counterpart Salva Kiir are aimed at finally getting a trade corridor between the two countries opened.

Subscribers only Infrastructure, Diplomacy 20.01.2023

Kenyan president William Ruto and his South Sudanese counterpart Salva Kiir.

Kenya
Ruto's road map to get Kenya Airways sold

The president has formed a team that in early 2023 will track down investors who are interested in taking over Kenya Airways. The national carrier is currently in dire financial straits.

Subscribers only Politics, Business 04.01.2023

Kenya
Base Titanium gets exploration ban lifted

Thanks to its well-placed connections, the Kenyan subsidiary of Australia's Base Resources has managed to persuade the government to resume awarding licences. New coastal projects are expected to be announced soon.

Subscribers only Mining 15.12.2022

Kenya
Ruto cautiously keen to resume $500m hydro dam projects

Plans to build the two Rift Valley dams were shelved in 2019 over concerns about corruption that led some of William Ruto's allies to lose their government jobs. The new president is now tentatively talking about getting the projects off the ground again.

Subscribers only Infrastructure 14.12.2022

Kenya
The Ruto allies who might take reins of central bank

Should, as our sources intimate, the governorship of the Central Bank of Kenya (CBK) fall vacant ahead of schedule, it could well go to an economist close to William Ruto. Such an appointment would help the president seal his political alliances.

Subscribers only Finance, Politics 15.11.2022

Kenya
Central bank takes aim at Ruto's financial reforms

Worried about the reputation of Kenya's financial sector, bank governor Patrick Njoroge is against plans to raise the minimum value of private banks' reportable transactions.

Subscribers only Finance 05.10.2022

President William Ruto speaks during the official opening of the 13th Parliament, in Nairobi, on 29 September 2022.

Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

As its debts continue to mount up, the Kenyan government is finding it increasingly difficult to find sources of finance, even from the private sector. Kenyatta's successor, William Ruto, is preparing to take over the reins of a state with very little room for manoeuvre.

Subscribers only Politics 16.08.2022

Outgoing Kenyan president Uhuru Kenyatta.

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign

The Kenyan president Uhuru Kenyatta fears that the country's appeal to investors will decline in the run-up to what is expected to be a hotly disputed election. He has instructed his teams to promote a new eurobond in the world's leading financial marketplaces.

Subscribers only Politics 25.02.2022

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Augustine Cheruiyot
Central Bank of Kenya
David Ndii
International Monetary Fund
Kamau Thugge
Kenya Defence Forces
Njuguna Ndung'u
Parliamentary Budget Office
Patrick Njoroge
President's Council of Economic Advisors
Rigathi Gachagua
Uhuru Kenyatta
William Ruto
World Bank
Yoon Suk-yeol

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Kenya
Ruto's dilemma: austerity vs recovery

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Kenya
World Bank provides $250m to help Kenya make state spending more transparent

Kenya
Ruto looks to other Asian powers to help reduce dependence on China

Kenya
Ruto hires former foes to run infrastructure projects, gain influence

In Focus | Kenya
President Ruto grapples to assert power in the face of Kenyatta clan's wealth and Moi family's prestige

Kenya
Ruto tweaks his diplomatic and business ties with Paris

Kenya
Ruto plans diplomatic reshuffle to reward election allies

Kenya, South Sudan
Ruto bends over backwards to win over Kiir

Kenya
Ruto's road map to get Kenya Airways sold

Kenya
Base Titanium gets exploration ban lifted

Kenya
Ruto cautiously keen to resume $500m hydro dam projects

Kenya
The Ruto allies who might take reins of central bank

Kenya
Central bank takes aim at Ruto's financial reforms

Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Kenya Ruto's dilemma: austerity vs recovery

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Kenya World Bank provides $250m to help Kenya make state spending more transparent

Kenya Ruto looks to other Asian powers to help reduce dependence on China

Kenya Ruto hires former foes to run infrastructure projects, gain influence

In Focus | Kenya President Ruto grapples to assert power in the face of Kenyatta clan's wealth and Moi family's prestige

Kenya Ruto tweaks his diplomatic and business ties with Paris

Kenya Ruto plans diplomatic reshuffle to reward election allies

Kenya, South Sudan Ruto bends over backwards to win over Kiir

Kenya Ruto's road map to get Kenya Airways sold

Kenya Base Titanium gets exploration ban lifted

Kenya Ruto cautiously keen to resume $500m hydro dam projects

Kenya The Ruto allies who might take reins of central bank

Kenya Central bank takes aim at Ruto's financial reforms

Spotlight | Kenya Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya Kenyatta keen to launch eurobond ahead of presidential campaign

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Kenya
Ruto's dilemma: austerity vs recovery

Kenya
World Bank provides $250m to help Kenya make state spending more transparent

Kenya
Ruto looks to other Asian powers to help reduce dependence on China

Kenya
Ruto hires former foes to run infrastructure projects, gain influence

In Focus | Kenya
President Ruto grapples to assert power in the face of Kenyatta clan's wealth and Moi family's prestige

Kenya
Ruto tweaks his diplomatic and business ties with Paris

Kenya
Ruto plans diplomatic reshuffle to reward election allies

Kenya, South Sudan
Ruto bends over backwards to win over Kiir

Kenya
Ruto's road map to get Kenya Airways sold

Kenya
Base Titanium gets exploration ban lifted

Kenya
Ruto cautiously keen to resume $500m hydro dam projects

Kenya
The Ruto allies who might take reins of central bank

Kenya
Central bank takes aim at Ruto's financial reforms

Spotlight | Kenya
Kenyatta's successor inherits explosive public debt headache

Spotlight | Kenya
Kenyatta keen to launch eurobond ahead of presidential campaign