Four years into President William Ruto’s administration, Kenya’s economy has recorded mixed fortunes. The shilling has stabilised at around 129 shillings to the dollar, foreign exchange reserves have risen, inflation has eased and interest rates have fallen. The 2023 Economic Survey has also recorded real GDP growth of 4.8 per cent. The International Monetary Fund, reviewing Kenya's economy in 2023, similarly reported that real GDP growth stood at 4.8 per cent in 2022.