Kenya is ready to discard debt burden, step into prosperity

In similar vein, Kenya’s economic journey is shifting from the burden of high debt, inflation and dependency toward the hope of sustainable growth. Just as the sycamore tree marked the turning point in Zacchaeus’s life, Kenya Kwanza’s strategic policies; focusing on public-private partnerships (PPPs), sustainable tax reforms, and homegrown solutions are designed to uplift Kenya’s economy.

Much like Zacchaeus, who recognised his limitations and took proactive steps to change his fate, the KK government has confronted Kenya’s economic limitations head-on.

The administration has prioritised strengthening local resources, focusing on long-term solutions rather than continued borrowing, and pushing reforms in sectors like healthcare, housing, and education. However, just as Zacchaeus’s climb was met with resistance, President Ruto’s economic reforms have faced substantial political and public opposition.

The Finance Bill 2024, for instance, was met with fierce resistance. Violent protests erupted in June and July, with demonstrators demanding the reversal of the government’s tax policies, despite the fact that President Ruto had already wisely responded to the public mood by withholding assent to the Bill.

The economy has begun showing positive shifts: inflation has decreased, the shilling has stabilised against the dollar, and prices of essential goods like maize flour (unga), sugar, and cooking oil have decreased. State entities such as KENGEN have reported profits, reflecting steady progress.

It is from the tree that Jesus called Zacchaeus, and their encounter brought a profound declaration: “Today salvation has come to this house” (Luke 19:9). Similarly, the policies under Ruto’s administration are beginning to bring “salvation” to Kenya’s economy, shifting it from the challenges of the past to a future filled with hope and stability. The sycamore tree, then, serves as a powerful symbol: a bridge between the past and redemption, a metaphor for Kenya’s transformative journey.

However, for these reforms to truly bear fruit, Kenyans must learn from Zacchaeus’s encounter. Just as Zacchaeus was willing to change and embrace new ways, Kenyans too must embrace the path of self-reliance.

Time has come for Kenyans to climb their own sycamore trees, support reforms, demand accountability and step into a future of shared prosperity.

-The writer is an economist based in Finland