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Kenya's Economic Challenges: Inflation, Healthcare, and Debt
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Kenyan inflation unexpectedly quickened in October due to higher energy prices, particularly fuel prices. President William Ruto has promised to make hard decisions to transform the country and improve livelihoods, emphasizing digital transformation and partnerships with companies. Kenya's shilling has been declining for 29 consecutive months, with a depreciation of 18% this year. President Ruto has signed controversial health bills to implement universal healthcare, facing opposition from Kenyans who see it as a new tax. Kenya has replaced its numerical debt ceiling with a limit based on GDP, setting the new limit at 55% of GDP.
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How can Kenya address the rising fuel prices and their impact on inflation?
What are the potential consequences of the declining shilling on Kenya's economy?
What specific measures is President Ruto proposing to transform the country?
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