Ruto: The country's economy has improved

President William Ruto has reshuffled cabinet. [File, Standard]

President William Ruto has assured Kenyans that the economy has bounced back and the country is set for better times.

Speaking in Bomet County, Ruto noted that despite tough economic times, the government remained steadfast in making the right decisions for the country, decisions he says have paid off.

He cited the recent strengthening of the Kenya shilling against the dollar and the resolution of the $2 billion Eurobond.

Consequently, the price of consumer products such as maize flour and fuel have reduced significantly, clear indications of a stabilising economy.

"Our economy was in bad shape and we were overwhelmed with debt. However, within one year, we have streamlined everything," he said.

Adding that: "This is the year we are going to deliver the government's development agenda. Kenya is going places."

According to Ruto, the regulations adopted by the government have played a huge role in improving the economy.

Further, the new ones adopted among them the housing program and SHIF will ensure great economic progress in the coming days.

The Housing Bill, for instance, the Head of State says will create jobs, ensure Kenyans live in decent homes, curb the fragmentation of arable land for settlement, and grow the manufacturing sector.

The enactment of Universal Health Coverage regulations, on the other hand, will ensure no Kenyan struggles to pay medical bills among others.