On November 21, 2024, President William Ruto delivered the State of the Nation Address in Parliament, providing a detailed account of his administration’s progress and milestones. The address, a critical moment for the nation, attracted keen interest from Kenyans eager to hear the government’s achievements, challenges, and vision for the future.
Arrival and Opening Formalities
President Ruto arrived at Parliament shortly before 2:30 PM and inspected a Guard of Honour outside the Parliament precincts. Upon entering, he was received by National Assembly Speaker Moses Wetang’ula and Senate Speaker Amason Kingi. The speakers formally briefed the President on the day’s proceedings, emphasizing the importance of the occasion.
Speaker Kingi led a prayer session at 2:42 PM before announcing the formal commencement of the sitting. Both speakers confirmed the procedural correctness of the session, citing a gazette notice published on November 18, 2024.
Distinguished Guests
The Speaker’s Gallery was graced by a host of dignitaries, including First Lady Rachel Ruto, Deputy President Kithure Kindiki, and Prime Cabinet Secretary Musalia Mudavadi. Members of the judiciary, including Deputy Chief Justice Philomena Mwilu and several Supreme Court justices, were present. Prominent political leaders and former speakers, such as Kenneth Marende, Ekwee Ethuro, and Justin Muturi, also attended.
Economic Milestones Highlighted by the President
In his speech, President Ruto highlighted key achievements in his administration’s economic agenda.
- Stabilization of the Kenyan Shilling
President Ruto announced that the Kenyan shilling had stabilized after months of volatility. This stabilization is expected to improve trade and bolster investor confidence. - Declining Inflation
The President reported a significant drop in inflation rates, from 9.2% to an impressive 2%. This milestone reflects the administration’s efforts to curb the cost of living and ensure economic stability for Kenyans. - Increased Foreign Exchange Reserves
Foreign exchange reserves surged to $9.5 billion, a robust increase that enhances Kenya’s financial security and global trade capacity. - Lowering Interest Rates
Interest rates have started to decline, providing relief to businesses and individuals alike by making borrowing more affordable. - Growth in Tax Revenue
Tax revenue collection has grown by 11%, a testament to improved efficiency in tax administration and compliance. This growth signals enhanced government capacity to fund development projects and social services.
Cost of Living and Development Agenda
The President reiterated his commitment to addressing the cost of living, a top concern for many Kenyans. While acknowledging the challenges posed by global economic conditions, he emphasized that his administration remains focused on improving household welfare.
Observations and Expectations
President Ruto’s address showcased the administration’s strides in stabilizing the economy and fostering growth. However, the absence of immediate debate on the speech, as per parliamentary tradition, leaves room for lawmakers to analyze and respond to the details in the coming days.
As Kenyans await further elaboration on the government’s plans, the milestones shared by the President serve as a foundation for optimism and critical discussion on the way forward. The address also underscores the importance of continued collaboration among stakeholders to ensure the nation’s progress.
President Ruto’s vision, reflected in his State of the Nation Address, marks a significant step in addressing Kenya’s pressing challenges while building a foundation for sustainable growth and development.
