Nairobi’s Billionaire business man Jimi Wanjigi has called out the government over the hard economic times facing the people of Kenya.

According to a statement he released, Jimi said that the government has put the people of Kenya through tough situations by continuously ignoring rulings on unconstitutional projects and failing to deliver on it’s own promises subjecting it’s own to extreme high costs of living.

“Fellow Kenyans, I understand and share in your pain. We have got a lot of challenges in our great country. But equally, we got enormous strengths,” read a part of his statement.

The business man also noted that on February 27th the national treasury submitted a report to parliament indicating that Kenya had borrowed 223 Billion shillings from September to January.

Jimi Wanjigi on public debt

“In just February alone Kenya has added 545 Billion shillings to that borrowing making the total for six months 768 Billion shillings, which is more than Uhuru Kenyatta’s highest borrowing spree in the year 2022/2023,” he added.

Jimi however noted that Parliament has only approved borrowing of 341 Billion, which is purely illegal.

“Where is it allowed to borrow more in order to pay back an existing loan or where in the budget can we take an infrastructure bond to fund infrastructure?”

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“This is a debt driven economy and we are becoming slaves to it.”

On February 29th usable foreign exchange plunged by 259 million shillings which left us at 3.7 months of Import cover confirming that people are still buying USD and have no confidence in the Shilling.

“Is it not a sad state of affairs that even as Kenyans continue to suffer, the conversation has completely shifted from the people to power, control and positions?”