Government Announces Progress in Cost of Living Reduction

Government Spokesperson Dr. Isaac Mwaura 

The Kenyan government has reported significant strides in reducing the cost of living for citizens, as outlined in THE BETA PLAN. Hon. Sen. (Dr.) Isaac Mwaura, the Government Spokesperson, announced that through targeted initiatives under President William Ruto’s leadership, Kenyans are beginning to see real changes in their daily expenses.

Fuel Prices Drop

In a notable development, fuel prices have decreased without the need for subsidies, leading to immediate savings for Kenyans. This shift is especially beneficial for small businesses and transport operators. For instance, John Odongo, a boda boda operator in Kisumu, has reported daily fuel savings of KSh 200, allowing him to better support his children’s education while offering more affordable rides to customers.

Food Prices Decline

The government’s fertilizer subsidy program has also played a crucial role in enhancing food security. Farmers in regions like the Rift Valley and Central Kenya are witnessing increased yields, leading to lower prices for staple foods. Unga is now priced at approximately KSh 100, sugar at KSh 120, and cooking oil at KSh 200 per liter.

Currency Stabilization

The Kenyan shilling has stabilized significantly against the dollar, now at KSh 130, compared to KSh 162 at the start of the year. This stabilization enhances predictability in import costs and has contributed to a reduction in the inflation rate, which has dropped to 3.6%, the lowest since 2012.

Economic Growth

The government has also reported improved financial performance among key corporations. Kenya Power and Lighting Company posted a net profit of KSh 30 billion, while Kenya Airways returned to profitability with KSh 513 million after tax. Additionally, KenGen reported a 35% increase in profits.

Support from the IMF

The International Monetary Fund (IMF) has recognized Kenya's economic growth, approving $606 million for development projects following prudent economic management, including early repayment of a $2 billion Eurobond.

Public-Private Partnerships

The government is committed to enhancing Public-Private Partnerships (PPPs) as a sustainable development strategy. Projects like the Nairobi Expressway and Ruiru Affordable Housing Project demonstrate the effectiveness of these partnerships. A notable upcoming project is the expansion of Jomo Kenyatta International Airport, valued at KSh 270 billion.

Advancements in Healthcare

The transition to the Social Health Insurance Fund (SHIF) has seen over 13 million Kenyans registered, moving closer to universal health coverage. The government has allocated KSh 9 billion to settle outstanding bills and enhance healthcare services. The SHA's National Sensitization Program aims to bolster support for the initiative across various regions.


Reporting by James Mutua 


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