Sharp Daily
No Result
View All Result
Saturday, August 30, 2025
  • 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 and Nigel Clarke discuss Kenya’s economic progress

Teresiah Ngio by Teresiah Ngio
December 10, 2024
in News
Reading Time: 1 min read

On Monday, December 9, 2024, President William Ruto met with Nigel Clarke, the newly appointed IMF Deputy Managing Director, at the State House in Nairobi. Following the meeting, Ruto took to Twitter (X) to highlight the strengthening economic partnership between Kenya and the International Monetary Fund (IMF), emphasizing the IMF’s positive impact on Kenya’s economic recovery.

In his statement, President Ruto shared that Kenya’s economic situation is showing significant improvement, citing key indicators such as the country’s reduced debt burden and inflation, which has dropped to 2.7%, the lowest level in 17 years.

He also mentioned Kenya’s foreign exchange reserves, which reached a historic high of $9.5 billion. “In emerging from a difficult economic situation, Kenya has counted on the IMF and other partners,” Ruto stated, reflecting on the valuable support Kenya has received during challenging times.

Ruto also pointed to positive developments in agriculture, with Kenya’s staple foods, maize and sugar, now meeting national demand. This highlights the progress made in the agricultural sector, which plays a crucial role in the country’s overall economic recovery.

RELATEDPOSTS

Kawira dismisses Ruto’s Meru tour, vows 2027 comeback

March 25, 2025

Ruto reshuffles government to boost economic transformation

March 21, 2025

Nigel Clarke, who assumed his role as IMF Deputy Managing Director on October 31, 2024, brings extensive experience to his position. Clarke holds a PhD in Numerical Analysis from Oxford University, where he was a Rhodes Scholar, and a Master of Science in Applied Statistics as a Commonwealth Scholar. He also earned a Bachelor of Science in Mathematics and Computer Science from the University of the West Indies.

Before his appointment to the IMF, Clarke had an accomplished career, serving as the Chairman of the Board of Governors for both the Inter-American Development Bank and the Inter-American Investment Corporation. He was also Jamaica’s Minister of Finance and the Public Service and a Member of Parliament from 2018.

Previous Post

Kenya’s private equity sector embraces ESG for sustainable growth

Next Post

CBK forecasts price hikes for cooking oil and maize flour

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • 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