A respected Kenyan economist has lauded William Ruto’s manifesto, calling it a remarkable work that might help Kenya’s struggling economy.
In front of a crowd of supporters on Thursday night, Ruto unveiled his manifesto, in which he pledged to boost the economy by giving the bottom of the economic food chain more influence.
Megaprojects like the standard gauge railroad, the Nairobi Expressway, and dams, according to Ruto, have very little of a multiplier effect on the economy.
Manufacturing is overly capital-intensive and doesn’t produce enough jobs, according to the DP’s statement in the manifesto unveiled at Kasarani Stadium.
“We recently opened a $4 billion guns manufacturing and welcomed the fact that it will generate about 100 jobs,” Ruto added.
He criticized the project started by President Uhuru Kenyatta, saying, “This works out to an investment of Sh40 million per job.”
The county government of Kitui in the same nation built a garment factory with a 600-job capacity for Sh168 million, or Sh280,000 per job.
According to Ruto, the investment in the gun plant will create 14,000 jobs and the equivalent of 24 Kitui garment manufacturers.
Reacting to Ruto’s manifesto, economist, Mihr Thakar who was a friend of late former Safaricom CEO Bob Collymore, said Ruto’s manifesto showed the DP understood what is ailing the country.
“Ruto showing much understanding of matters economics. Kenya Kwanza is truly a team that understands where Kenya is right now,” Thakar said.
He further compared former Prime Minister Raila Odinga‘s manifesto with Ruto’s giving the former 3 out of 10 and later 8 out of 10.
“Kuzimia manifesto 3/10 Kenya Kwisha manifesto 8/10,” the economist said.