President William Ruto has said that 2025 will be a great year for the country.
The President added that Kenya's economy is healing saying the country is going to go places.
Speaking on Sunday during the Global Cathedral Sunday service at KICC’s COMESA Grounds in Nairobi, the President said the economy is stabilising.
“Just yesterday we got good news about what God is doing in healing our economy,” the President said.
“Kenya is going to go places, our economy is healing, and by working together, inflation, interest, and exchange rates have come down. We have seen a great movement towards the healing of our economy so that we can proudly move together as a nation. I believe 2025 will be a great year.”
The President called on religious leaders to pray for the nation for a good year ahead and that God will take the country to greater heights.
He noted that the country received very good news yesterday from Moody's, a global credit rating agency, which has reviewed Kenya’s financial outlook from negative to positive, demonstrating confidence in the country’s future.
“There are already signs that God is taking our country to places,” he said.
On Saturday, Moody’s cited potential ease in liquidity risks and improving debt affordability over time for the positive rating.
Moody’s, however, affirmed that the local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings still stand at CAA1.
It also observed elevated credit risks driven by very weak debt affordability and high gross financing needs relative to funding options.
"Given low inflation and a stable exchange rate, there is potential for further reductions in domestic borrowing costs as past monetary policy rate cuts pass through to lower long-term borrowing costs," Moody's said.
At the same time, Ruto also lauded the Trump administration's commitment to support the security support mission in Haiti, which Kenya has been honoured to lead.
“I am very proud that President Trump and the new administration support Kenya’s mission in Haiti to help the men, women, and children of that nation live in peace and stability,” he said.
The President said Kenya is in Haiti to play its internationally renowned role of security diplomacy in response to a request by the United States last year.
