Who profits from Kenya’s debt?

Safina’s Wanjigi names a criminal syndicate — and the 2027 ballot as the only remedy

By Grace Wanja

Safina Party leader Jimi Wanjigi has accused a small, organised group of individuals of running what he describes as a criminal syndicate that has systematically looted Kenya through fraudulent public borrowing, warning that debt repayment is projected to hit KSh2.3 trillion in the current financial year.

Wanjigi alleges that no more than eleven individuals have grouped themselves “into a well-organised criminal syndicate to steal public tax revenue through purported public debt,” borrowing impossible sums in Kenyans’ names while plunging the country into economic ruin.

Safina Party leader Jimi Wanjigi..

Describing Kenya as a country in an “economic ICU,” Wanjigi argues the nation faces not an ordinary political crisis but a serious economic emergency, one in which the next election must be treated as a national decision on Kenya’s economic future rather than a contest of personalities or tribal loyalties.

Breaking from the broader opposition, Wanjigi has said he would not repay what he terms “odious debts” accumulated by the current administration, and has proposed eliminating illegal borrowing, runaway taxation and misplaced spending priorities. He has also raised alarm over government interest in SACCO savings, warning that ordinary Kenyans risk being pulled deeper into a crisis not of their making.

With August 2027 approaching, Wanjigi’s message is unambiguous: the debt syndicate, not the opposition, is Ruto’s most dangerous opponent — and the ballot is the only lawful weapon left.

The post Who profits from Kenya’s debt? appeared first on The Mt Kenya Times.