President William Ruto has announced a record-breaking economic milestone: Kenya now holds $10.3 billion (Ksh 1.34 trillion) in reserves—the highest in our country’s history.
Speaking on Tuesday in Nairobi, the Head of State described the achievement as a sign that the economy is stabilizing, and credited it to the resilience and hard work of ordinary Kenyans.
“For the first time ever, we have reserves of $10.3 billion. Inflation is down. The exchange rate is stable. This didn’t happen by luck—it happened because Kenyans chose to fight for their economy,” Ruto said.
The President pointed out that inflation has dropped from 9.6% in 2022 to just 3.8% in 2025, thanks to increased food production by farmers and better management of public funds.
He applauded farmers, construction workers, healthcare workers, and other everyday heroes for their role in helping Kenya bounce back.
“The biggest contributors to our success are not economists—they are the wananchi who feed this country, build it, and keep it running,” he added.
Ruto also recognized the Central Bank of Kenya (CBK) for its role in managing reserves and stabilizing the shilling.
“The CBK has been focused and reliable. We work together to keep the economy on track,” he said.
This announcement comes as Kenya is projected to overtake Ethiopia and become East Africa’s largest economy in 2025, according to the International Monetary Fund (IMF).
Kenya’s GDP is expected to grow to $132 billion, ahead of Ethiopia’s $117 billion.
