How Kenya lost billions: Wanjigi links debt crisis to 2014 law change (opens original article in a new tab)

Kenya's debt crisis is attributed to a 2014 law change that allowed illegal borrowing, with Safina Party leader Jimi Wanjigi suggesting cancelling such debts could save Sh2.8 trillion.

• Kenya's public debt has risen to Sh12.8 trillion, with 91% of tax revenue going to debt repayment.
• Jimi Wanjigi claims a 2014 law change weakened oversight of public borrowing, leading to illegal debt accumulation.
• Wanjigi argues that cancelling illegally incurred debts could save Sh2.8 trillion and reduce reliance on new borrowing.