Members were informed that inflation, which reflects the price increase over time, had declined substantially to 2.7 per cent last month, down from a high of 9.6 per cent in September 2022.
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The President made the remarks during the Maa Cultural Festival held near the Samburu National Reserve in Samburu County.
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The President pointed out that these efforts are harnessing the athletic talent and potential of refugees at Kakuma, Turkana County, and positioning the camp as a hub for Olympic talent.
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The President said PPPs ensure that the government does not burden Kenyans with more taxes or loans to finance development projects.
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Present at the meeting were Former Prime Minister Raila Odinga and Prime Cabinet Secretary Musalia Mudavadi.
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The President told Cabinet members to participate not only in issues related to their ministries but also in matters of national importance.
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The signing ceremony, which was held at the Chancellery in Berlin, Germany, was witnessed by President William Ruto and German Chancellor Olaf Scholz on Friday
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At the same time, President Ruto directed that further austerity measures be taken to reduce expenditure, starting with the Executive Office of the President and extending to the entire Executive.
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