President William Ruto has reaffirmed that the private sector remains the primary engine driving Kenya’s economic growth, emphasizing that government policy will focus on creating an environment where businesses can scale, invest, and create jobs.
Speaking at a presidential roundtable with key business leaders, the President stressed that sustainable national development relies on deep collaboration between the public and private sectors rather than government expansion alone.
The administration is shifting major infrastructure and housing financing toward PPPs to ease fiscal pressure on state coffers while opening long-term opportunities for private capital.
The Ministry of Investments, Trade and Industry has been directed to accelerate legislative overhauls—including business law amendments—to streamline operations and reduce bureaucratic bottlenecks.
Emphasizing a shift away from raw material exports, President Ruto called on domestic and international investors to set up local processing facilities to build local industrial capacity.
Micro, small, and medium enterprises are positioned as central to youth job creation, with targeted funding mechanisms designed to integrate local fabricators and small-scale traders into mainstream value chains.
“Our policy objective is to ensure the private sector has predictable, stable rules of engagement so investments can yield measurable outcomes for Kenya’s workforce.”
President Ruto reiterated that engagements with business leaders will be institutionalized through structured quarterly forums to track progress on policy promises and address private sector bottlenecks in real time.
