Kenya's President Ruto on defining Africa's role on the global stage
Kenya's President William Ruto has maintained that his administration will not relent in its quest to raise taxes as the country works around reducing her debt burden. The president spoke about his upcoming trip to the USA as well as why his mission to support troubled state of Haiti is still important to the world. CNBC Africa's Senior Anchor Aby Agina spoke to the President at the just concluded Africa CEO Forum in Kigali Rwanda.
Fri, 17 May 2024 15:31:57 GMT
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AI Generated Summary
- President Ruto advocates for reforming the international financial architecture to address disparities in access to development resources.
- Kenya prioritizes renewable energy and green industrialization to enhance energy and food security in Africa and the global market.
- President Ruto emphasizes the importance of domestic resource mobilization, incentives for manufacturing, and tackling corruption to address the debt crisis and promote economic growth.
Kenya's President William Ruto has been vocal about the need for reform in the global financial architecture, highlighting the disparities in access to development resources among countries. In a recent interview at the Africa CEO Forum in Kigali, Rwanda, President Ruto emphasized the importance of creating a more fair and agile international financial system. He pointed out that some countries access development resources at significantly lower interest rates compared to others, leading to unequal opportunities for growth. Ruto highlighted Kenya's commitment to renewable energy and green industrialization, leveraging the country's renewable energy resources to boost energy and food security not only for Africa but for the global market. With 90% of Kenya's energy coming from renewable sources, Ruto sees immense potential in harnessing these resources for sustainable development.
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