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Safina Party leader Jimi Wanjigi during an interview with The Standard at Kwacha House in Nairobi on June 19, 2026. [Benard Orwongo, Standard]
Kenya's growing debt burden is becoming increasingly unsustainable and may include billions of shillings borrowed illegally, Safina Party leader and presidential aspirant Jimi Wanjigi has claimed.
Speaking during an interview with The Standard on the country's fiscal position, Wanjigi argued that the best way to solve Kenya's debt problem is by cancelling debts that were taken out of the country’s constitutional framework, a move he says will save taxpayers Sh2.8 trillion and thus eliminate the need to borrow.
According to Treasury figures, Kenya's public debt has risen to approximately Sh12.8 trillion this year, majority of which comprises domestic debt, which currently stands at Sh7.07 trillion. The country has accumulated Sh5.76 trillion in external obligations and has a debt-to-GDP ratio of about 69.5%.
