During a recent appearance at the Ziidi Trader Launch event, Treasury Cabinet Secretary John Mbadi strongly defended President William Ruto’s performance, pointing to significant growth in the Nairobi Securities Exchange (NSE) as evidence of effective leadership.
According to Citizen TV Kenya through their official X account, Mbadi highlighted that when President Ruto assumed office in 2022, the NSE’s market capitalization stood at approximately KSh 1.2 trillion.
He contrasted this with the current figure, which he stated has risen to KSh 3 trillion. “It is a fact that in 2022 when you took over leadership our market capitalization was at Ksh. 1.2 trillion and today it’s at Ksh.3 trillion,” Mbadi remarked directly to the President, adding that critics claiming Ruto has not performed well overlook this progress.
This surge reflects renewed investor confidence, driven by economic policies under the Kenya Kwanza administration, including efforts to stabilize markets and attract capital.
Recent NSE data confirms the market capitalization hovering around KSh 3.2 trillion as of early February 2026, marking a substantial increase and nearing historic highs.
Mbadi’s statement comes amid ongoing debates about the government’s economic record, positioning the capital market’s expansion as a key indicator of success.
The remarks underscore the administration’s narrative of tangible achievements in fostering financial sector growth despite challenges.
Author: Bashirjuma
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