Sharp Daily
No Result
View All Result
Wednesday, April 29, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Ruto defends foreign trips as Kenya’s economic lifeline

Brian Murimi by Brian Murimi
July 29, 2024
in News
Reading Time: 2 mins read

President William Ruto of Kenya staunchly defended his frequent international travels during a townhall meeting at the Kenya School of Government in Mombasa, framing them as crucial economic diplomacy efforts to secure opportunities for the nation and its citizens.

“I have been travelling to make sure that I connect Kenyans to jobs both in country and outside country,” Ruto told the audience, addressing criticism of his numerous foreign trips since taking office. The President emphasized that these journeys were not mere diplomatic formalities but strategic moves to boost Kenya’s economy and create employment opportunities.

Ruto outlined several key initiatives and policies aimed at stimulating economic growth and job creation. He highlighted the government’s housing program as a significant source of employment, stating, “Our housing program is creating jobs.” The President also detailed efforts to harness the digital economy, revealing plans to establish ICT hubs in every ward to connect “millions of young people to jobs on the digital space.”

In a bid to address youth unemployment, Ruto announced the signing of 19 bilateral labour agreements with various countries. “We are signing 19 bilateral labour agreements with different countries. In fact, we just concluded one with Germany,” he said.

RELATEDPOSTS

Tanzania’s independence day 2025: a nation mourns as celebrations give way to crisis

December 9, 2025

Kenya’s middle-income jobs grow: 1.5 million now earn above Sh50,000 monthly

December 5, 2025

The President also emphasized his focus on boosting local manufacturing to create jobs and reduce imports. “We must begin to manufacture things, products that can be manufactured in Kenya, instead of importing everything from everywhere,” Ruto asserted. He cited examples of how imposing duties on certain imports had revitalized local industries, claiming that 11 steel companies that had previously closed down were now operational, employing 16,000 Kenyans.

On education, Ruto explained the rationale behind the new university funding model, which aims to provide more support to students from less privileged backgrounds. “We change the model so that children from vulnerable families, children from parents who are less endowed, we move them from getting 80 percent to getting 90, 95%,” he said. The President also announced plans to construct more student hostels to improve accommodation for university students.

Turning to tourism, a crucial sector for Kenya’s economy, Ruto set an ambitious target of increasing annual tourist arrivals to 5 million by 2027-2028. He discussed plans to ease visa requirements and improve airport infrastructure through public-private partnerships to achieve this goal.

The blue economy featured prominently in Ruto’s address, with the President detailing investments in deep-sea fishing boats and the licensing of industrial fishing vessels. “We are now going to buy another 25 fishing, deep-sea fishing boats, that can take a day or two, into the deep sea, to be able to get us the fish that we want for our country,” he stated.

Addressing concerns about governance and transparency, Ruto promised to protect constitutional rights and individual freedoms. “There will be no disappearance of Kenyans. I gave that undertaking. There will be no Kenyans in Riva Yala,” he assured the audience, referencing past human rights concerns.

Previous Post

How to turn around Kenya’s economy: Lessons from Argentina

Next Post

Ethiopia moves to market-based exchange rate system

Brian Murimi

Brian Murimi

Brian Murimi is a communications and advocacy professional with a focus on innovation, policy and continental development in Africa. A former journalist, he now works at the intersection of knowledge, strategy, and pan-African institution building.

Related Posts

News

Electrifying the SGR(Standard Gauge Railway): Kenya’s next big rail bet could redefine regional trade

April 28, 2026
News

The role of credit ratings in investment risk assessment

April 28, 2026
News

Kenya’s $750 million world bank loan hinges on policy reforms amid fiscal pressures

April 27, 2026
News

The importance of asset allocation in long-term investment strategy

April 27, 2026
News

Sawe’s 1:59:30 breaks two hours record ; now Kenyan athletics face a new financial reality

April 27, 2026
News

Land acquisition for first time owners

April 24, 2026

LATEST STORIES

What Kenyan taxpayers must do before KRA’s 2026 filing season closes

April 28, 2026

Electrifying the SGR(Standard Gauge Railway): Kenya’s next big rail bet could redefine regional trade

April 28, 2026

The role of credit ratings in investment risk assessment

April 28, 2026

Why Kenyans are shifting to life insurance over general insurance

April 27, 2026

Kenya’s $750 million world bank loan hinges on policy reforms amid fiscal pressures

April 27, 2026

The importance of asset allocation in long-term investment strategy

April 27, 2026

Sawe’s 1:59:30 breaks two hours record ; now Kenyan athletics face a new financial reality

April 27, 2026

How a regional refinery could reshape East Africa’s trade deficit

April 24, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024