Speaking on Thursday, the President said the country must embrace bold reforms and new approaches if it hopes to address long-standing economic challenges and compete effectively on the global stage.
He maintained that incremental change would not deliver the scale of transformation required to improve livelihoods and accelerate national development.
“We are rolling out a Ksh5 trillion programme because if we continue doing things the same way we have for the past 60 years, Kenya will not move forward,” Ruto said.
“We are rolling out a Ksh5 trillion programme because if we continue doing things the same way we have for the past 60 years, Kenya will not move forward,” Ruto said.
“We must be willing to change how we operate if we want different results.”
The President argued that traditional economic methods have limited the country’s growth potential, slowed infrastructure development, and constrained job creation.
The President argued that traditional economic methods have limited the country’s growth potential, slowed infrastructure development, and constrained job creation.
According to Ruto, the government’s strategy is designed to correct this trajectory by prioritising innovation, efficiency, and long-term investment over short-term fixes.
He dismissed criticism of the plan, saying resistance to change often stems from fear of new ideas rather than evidence-based analysis.
He dismissed criticism of the plan, saying resistance to change often stems from fear of new ideas rather than evidence-based analysis.
Citing a popular maxim, Ruto noted that repeatedly applying the same solutions while expecting different outcomes was counterproductive, adding that the government was determined to pursue reforms it believes will unlock growth.
Ruto explained that the Ksh5 trillion agenda is anchored on clearly defined national priorities and a commitment to depart from past practices that have produced limited results.
Ruto explained that the Ksh5 trillion agenda is anchored on clearly defined national priorities and a commitment to depart from past practices that have produced limited results.
He said meaningful transformation would only come through decisive action backed by political will and disciplined implementation.
His remarks come days after the Cabinet approved the establishment of two key financial vehicles—the National Infrastructure Fund and the Sovereign Wealth Fund—marking the formal launch of the long-term economic transformation strategy.
According to State House, the National Infrastructure Fund will be set up as a limited liability company and will serve as the central mechanism for mobilising resources for priority development projects.
His remarks come days after the Cabinet approved the establishment of two key financial vehicles—the National Infrastructure Fund and the Sovereign Wealth Fund—marking the formal launch of the long-term economic transformation strategy.
According to State House, the National Infrastructure Fund will be set up as a limited liability company and will serve as the central mechanism for mobilising resources for priority development projects.
The fund is expected to align public finances with national development goals while generating value from existing infrastructure assets and attracting private capital into new investments.
The government says the new framework aims to transition Kenya towards a sustainable, investment-led growth model that reduces reliance on borrowing and excessive taxation.
The government says the new framework aims to transition Kenya towards a sustainable, investment-led growth model that reduces reliance on borrowing and excessive taxation.
By shifting away from debt-heavy financing, officials argue, the country can protect fiscal stability while accelerating infrastructure delivery.
Under the proposed model, the government plans to leverage innovative financing tools such as strategic asset monetisation, mobilisation of national savings, and broader participation through capital markets.
Under the proposed model, the government plans to leverage innovative financing tools such as strategic asset monetisation, mobilisation of national savings, and broader participation through capital markets.
This approach is intended to democratise ownership of infrastructure projects and attract long-term investors including pension funds, sovereign partners, private equity firms, and development finance institutions.
State House said proceeds from privatisation will be ring-fenced and invested exclusively in public infrastructure projects that generate lasting economic value.
State House said proceeds from privatisation will be ring-fenced and invested exclusively in public infrastructure projects that generate lasting economic value.
The aim, officials said, is to ensure that the sale of public assets translates directly into productive investments that benefit both current and future generations.
Cabinet projections indicate that each shilling invested through the National Infrastructure Fund could attract up to ten additional shillings from long-term investors, significantly amplifying the impact of public spending.
Cabinet projections indicate that each shilling invested through the National Infrastructure Fund could attract up to ten additional shillings from long-term investors, significantly amplifying the impact of public spending.
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