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William Ruto

Africa losing Sh9.71 trillion through unfair credit ratings, Ruto tells UN
Africa

Africa losing Sh9.71 trillion through unfair credit ratings, Ruto tells UN

President William Ruto told the UN General Assembly that Africa has lost about Sh9.71 trillion through higher interest charges and missed lending opportunities linked to sovereign credit ratings, citing a UNDP estimate. He argued developing countries face higher borrowing costs than developed economies and urged fairer risk assessment.

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Debt crisis puts children’s services at risk, Ruto says
News

Debt crisis puts children’s services at risk, Ruto says

The President's remarks came against a backdrop of growing concern over the amount developing countries are spending to service debt. UNICEF, in its State of the World’s Children 2025 report, said 45 developing countries were spending more on debt interest than on health, while 22 were spending more on interest than education.

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