Sharp Daily
No Result
View All Result
Saturday, August 9, 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

President Ruto targets sub-3% inflation to ease cost of living

Teresiah Ngio by Teresiah Ngio
October 17, 2024
in News
Reading Time: 1 min read

President William Ruto has set an ambitious goal to bring Kenya’s inflation rate below 3% as part of his government’s efforts to reduce the high cost of living and ease borrowing costs. Speaking at the Banking Industry Inua Biashara SME Exhibition in Nairobi on October 16, Ruto outlined the administration’s focus on economic stability, emphasizing the importance of predictable exchange rates and a favorable investment climate.

“It is my goal that next year, inflation will drop below 3%,” the President stated. “As we bring inflation down and lower the cost of living, we will also stabilize exchange rates, making our economy more predictable.”

This announcement follows Kenya’s significant progress in managing inflation, with the country’s annual inflation rate hitting a 12-year low of 3.6% in September. The drop was largely attributed to lower food and energy prices. The President expressed optimism that this trend would continue, providing relief to Kenyan households and businesses by easing daily expenses and making loans more affordable.

“By cutting inflation and lowering living costs, we ensure Kenyans can meet their basic needs without straining their budgets,” Ruto explained. He further highlighted the broader impact of reducing inflation, noting that it would help avoid unpredictable price spikes that often disrupt household finances.

RELATEDPOSTS

Kawira dismisses Ruto’s Meru tour, vows 2027 comeback

March 25, 2025

Ruto reshuffles government to boost economic transformation

March 21, 2025

President Ruto also emphasized that stabilizing the exchange rate was key to attracting more investment into the country. “Our strong economic fundamentals are being recognized internationally, which is driving increased investment inflows into Kenya,” he said.

Previous Post

Roam Air completes 6,000 km solar-powered journey across Africa

Next Post

KRA to roll out real-time tax system for cryptocurrency

Teresiah Ngio

Teresiah Ngio

Related Posts

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
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 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