Ruto Doesn't Understand Economics, Says Top World Bank Certified Analyst After President's Interview
Prof Fred Ogola. [Source/OLU] The Academic Director of the MBA programme at Strathmore University Prof Fred Ogola has taunted President William Ruto over the remarks he made during his first TV interview as the Head of State. In a roundtable interview with journalists from local media houses, Ruto argued the current high cost of living was due to rising cost of food which he blamed on poor agricultural output.
Anne Waiguru, governor of Kirinyaga, has shared the events that would ultimately shape her life when she was 28 years old. According to Waiguru, it was then that she first expressed an interest in public service, a goal that she eventually realized. She claims that although she was employed at the World Bank at the time, she had always desired to later work for the government.
Top Richest Counties In Kenya According To World Bank From Richest To Poorest Of All The 47 Counties
1.Kiambu $1,785.This is the first richest county in Kenya that is $1,785. 2.Nyeri $1,503.This is the second richest county in Kenya and it is$ 1,503. 3.Kajiado $1,466.This is the third richest county in Kenya. 4.Nakuru $ 1,413.Fourth richest county in Kenya. 5.Kwale $1,406.Fifth richest county in Kenya.
President William Ruto's Cabinet Secretaries and Kenyan judges are in trouble after latest revelation on what the International Monetary Fund(IMF) and Kenyan Government agreed to do. The IMF recently approved Ksh. 52.7 Billion to Kenya to facilitate the country"s economic plan even though it came with tough conditions.
Kirinyaga governor Anne Waiguru has revealed what was already happening to her when she was 28 years old, that would end up shaping her life. Waiguru says that it is then that she began developing interest in public service, a dream she ended up achieving later in life.
President William ruto has continued with his tour and meeting of the United States where he has been meeting up with the different investors and world leaders to discuss matters that will benefit Kenyans and Kenya as a nation. Today ruto's adviser on Matters economy David Ndii, was part of the delegation that met up with the World Bank president who was in a meeting with President William ruto together with his delegation.
It is for sure that despite the cost of living being high in the country, President Ruto's administration is trying to revive the economy. Taking over the most detoriated economy was the big challenge for the new government but up to now, the President has shown openly that he is determined to change Kenya into a better investment place.
Kenya for the last one decade has been one of the fastest growing top economies in Africa, it is considered as the sixth biggest economy in Africa with a GDP of $115 billion which also makes it the biggest GDP in the east and central Africa regions, it is said to be the ninth most industrialized country in Africa where it is expected to go up the ranks in the near future due to the massive infrastructure and industries that are coming up in the country.
Kenya's Major Issues Kenya is a country located in East Africa that has a diverse range of political, social, and economic issues. Here are some of the most trending issues in Kenya today: Corruption: This is a major issue in Kenya, with the country ranking 145 out of 180 countries in Transparency International's 2020 Corruption Perceptions Index.
Photo: Courtesy President William Ruto is taking no chances in his US tour. He has already entered into six deals with United States that will see Kenya benefit through partnerships. The deals are between the US government, private businessmen and Kenyan government. The deals are expected to help promote peace, democracy and promote economic development in Kenya.
Kenyans will no longer have to pay higher costs for goods as a result of inflation and other circumstances like the Russian invasion of Ukraine. The World Bank emphasized that the cost of essential goods and other services will fall in 2023 in its Commodity Markets Outlook report from October 2022.
Kenya Kwanza coalition senior counsel Ahmednasir Abdulahi has come out to react after the International Monetary Fund and the World Bank asked the Kenyan government to spy on the accounts of ministers and judges as one of the ways to limit corruption activities among government workers. This is part of the deal that the Kenyan government made with the two money lending entities if they wish to continue getting monetary aid.
President Ruto left the country on 13 December to attend a summit in the United States of America, where they held a number of discussions.He was accompanied by Prime Cabinet Secretary Musalia Mudavadi and other cabinets in the government. President Ruto jetted back into the country on Sunday 18 December having secured a number of deals.
Inflation and other factors, such as the Russian invasion of Ukraine, will no longer cause Kenyans to pay greater prices for goods. In its Commodity Markets Outlook report dated October 2022, the World Bank underlined that prices for necessities and other services will decline in 2023.
Kenyans have been hit yet by another blow following the current move by the World Bank. All Kenyans working in the formal sector may be required to dig deep into their pockets and deposit Ksh 2,000 per month in their salary for the NSSF monthly deductions. According to The Business Daily, the government has received approval from international financial institutions to implement a deduction of Kshs 2,000 from payments for Kenyans paying National Social Security Fund contributions.
Ahmednasir who is among top lawyers in Kenya and one of Kenya Kwanza allies today tweeted on his twitter page that Looks like when it comes to anti corruption and good governance matters, the IMF and World Bank have now taken over the functions of critical but moribund institutions in Kenya.
The recent threat to abolish boarding primary schools was just meant to test the waters. The real target is boarding secondary schools. With the current budgetary constraints, the government can save money by turning all public schools into day schools. There could be pressure from IMF to end all subsidies including education ones.
Six significant transactions that President William Ruto has already negotiated for Kenya will be realized through collaborations with the US government and private investors. The agreements were made on December 15 during the US-Africa Leaders' Summit. While some of the agreements are slated to immediately benefit Kenya, others aim to bring democracy, peace, and stability to Sub-Saharan Africa.
When Anne Waiguru, governor of Kirinyaga, was 28 years old, she shared the events that would shape her life. According to Waiguru, it was at that time that she first expressed an interest in public service, a goal she later achieved. She claims that, despite working at the World Bank at the time, she had always wanted to work for the government.
President Willam Ruto jetted back into the country on Sunday after having six days in the United States after finalizing his US objective of attending an African leaders summit that bagged him important deals. The head of state was among more than fifty African leaders who attended the summit with the major agenda being expanding and revitalizing cooperation between the Biden government and African countries.