Berliner Boersenzeitung - What Kenya's new presidency could look like

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

What Kenya's new presidency could look like
What Kenya's new presidency could look like / Photo: Simon MAINA - AFP/File

What Kenya's new presidency could look like

Kenya's William Ruto will on Tuesday take charge of the East African economic powerhouse after the country's Supreme Court confirmed his narrow victory over veteran politician Raila Odinga in the August 9 poll.

Text size:

Odinga accepted the ruling but categorically said he did not agree with it, portending political divisions that the country is ill-equipped to cope with as it faces a cost-of-living crisis and a brutal drought.

Here is a look at what lies ahead as the new government takes shape:

- Can Ruto mend the political divide? -

Kenya's traditional ethnic voting blocs may have ceded ground to class dynamics in this year's polls, but as in the case of previous elections, the result reflected a nation sharply split down the middle.

An effective political strategist, Ruto portrayed the election as a battle between ordinary "hustlers" and "dynasties" -- a reference to Odinga and outgoing President Uhuru Kenyatta, whose families have dominated politics since independence from Britain in 1963.

The 55-year-old deputy president scraped to victory by a margin of less than two percentage points and has struck a conciliatory tone since the results were announced, promising that his government will serve all Kenyans, regardless of political or ethnic affiliation.

According to the Eurasia Group political risk consultancy, "Ruto has worked to co-opt independent lawmakers and weak links in Azimio (Odinga's coalition) to establish an operational majority sufficient to pass legislation and budgets" in parliament.

But Ruto's relationship with Odinga and Kenyatta, former rivals who struck an unlikely alliance ahead of the poll, remains fractious. The outgoing president pointedly failed to publicly congratulate his long-standing deputy for winning the election until the very eve of his inauguration.

- How will the economy fare? -

Kenya is the most dynamic economy in East Africa but many are suffering deep hardship. Prices for basic goods are skyrocketing in the wake of Covid and the war in Ukraine, and unemployment is a major problem particularly among the young.

Inflation soared to a 65-month high of 8.5 percent in August in the face of a weakening currency, rising fuel costs and a poorly implemented subsidy to halve the price of maize flour used to prepare ugali, a dense porridge that is Kenya's staple food.

Ruto -- who capitalised on growing frustration among Kenya's poor -- has vowed to tackle the cost-of-living crisis and the country's $70-billion debt mountain.

He said he would establish a 50-billion-shilling ($415-million) "hustlers fund" to provide loans to small enterprises to help drive growth and a fertiliser subsidy to reinvigorate farming -- the backbone of the economy that contributes more than 20 percent to GDP.

Florentina Kimoi, who hails from Ruto's Rift Valley bastion of Eldoret, told AFP she hoped the incoming president would pay attention to "long-suffering" farmers like her.

"This year many farmers did not plant cash crops such as maize, cassava (tapioca) and wheat because the prices of fertilisers were too high," said 81-year-old Kimoi.

"In the old days there was a lot of food but things have changed. Nowadays people need money to buy food and earn a livelihood."

- What about the fight against corruption? -

Ruto has promised to crack down on graft -- a hot-button issue in a country where dozens of leaders are facing charges of embezzling public funds -- but the promise rings hollow to many Kenyans.

Ruto himself boasts a shadowy reputation with graft claims against him going back years, and his scandal-hit running mate Rigathi Gachagua was ordered to forfeit almost $1.7 million in a court ruling following a corruption probe.

In an editorial last week, The Standard newspaper pleaded for Ruto to pick "men and women of integrity" to serve in his administration.

Transparency International ranked Kenya 128th out of 180 in its 2021 corruption perception index, saying the fight against graft had "stagnated".

- How will Ruto treat Kenya's neighbours? -

Ruto's predecessor Kenyatta devoted a large chunk of his second term to playing peacemaker in East Africa, easing tensions with Somalia, intervening in the crisis in the Democratic Republic of Congo, and hosting talks between Sudan and Ethiopia.

Kenya's allies are anxiously wondering what is next for a country that has evolved into a trusted ally and democratic anchor in a troubled region.

Analysts say the most pressing regional issue will be the fighting in Ethiopia between government forces and rebels that resumed last month, shattering a March truce.

Kenyatta had been touted as a possible mediator and offered Nairobi as a venue for peace talks, which the warring sides have both now agreed should be led by the African Union.

(A.Berg--BBZ)