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State hopes for better fortunes in the new year after turbulent 2024

President William Ruto with International Monetary Fund Deputy Managing Director Nigel Lincoln at the State House in Nairobi on December 09, 2024. [PCS, Standard]

As Kenyans start the New Year, President William Ruto will be hoping for good tidings after the economic upheavals that gripped his administration in 2024.

Kenya started the year on a tricky patch as it faced the prospect of defaulting on a Sh258 billion ($2 billion at current exchange rates) Eurobond that was due in June, which could have plunged the country into debt distress and limited its ability to attract loans in the global market.

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