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Wanjigi: Kenya’s debt has ballooned by 175B in six months

Wanjigi: Kenya’s debt has ballooned by 175B in six months
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Presidential aspirant Jimi Wanjigi on Saturday claimed Kenya borrowed Ksh175 billion  in two months.

Speaking when he campaigned in Voi, Taita Taveta County, the Safina Party presidential candidate decried the “declining” Kenya’s economic status.

 ‘We are collapsing economically in every sphere of our economic existence and the problems coming ahead of us are even more grave,” he said.  

Wajigi said the shilling has been falling against the dollar which portends a danger on the country’s debt cycle.

“This is translated to mean that every Kenyan has a debt of slightly over Ksh3,000 accrued between November 2021 and April 2022. It is important to understand the gravity of one shilling loss of exchange against the dollar is equivalent to 35 billion shillings increase in debt,” he said.

In the mid-morning meetings, the Safina party presidential candidate discussed with the attendees several strategies meant to uplift the standing of Safina Party in the coming elections and beyond.

He, thereafter, attended a youth meeting at the same location where he maintained that young people will be the deciding factor in the general election that is less than three months away.

He called on the youth to vote out President Uhuru Kenyatta and his deputy William Ruto, insisting that the duo is equally responsible for the sufferings endured by Kenyans today.

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