Safina Party leader and 2027 presidential candidate Jimi Wanjigi has stepped up his campaign for sweeping economic reforms, criticising the government’s domestic borrowing practices and warning that they are worsening Kenya’s credit crunch.
In a post on X on Sunday, Wanjigi said the state’s heavy borrowing from local banks is squeezing businesses out of the credit market and slowing down economic activity.
“By draining our banks, the state leaves businesses starved of credit. We must be liberated from this injustice, and only those who have never been elected, you and me together, can free ourselves and lead Kenya into true economic liberation,” he wrote.
Wanjigi argued that the current borrowing trend by the government is stifling private sector growth. He urged Kenyans to rally behind reforms that will open up credit facilities to small businesses and stimulate economic growth.
The businessman recently unveiled an ambitious plan to overhaul Kenya’s tax system by scrapping the 16 per cent Value Added Tax and replacing it with a lower 5 per cent sales tax.
Speaking on Friday, September 26, 2025, Wanjigi said the proposal is aimed at easing the financial burden on ordinary citizens and jumpstarting the economy.
“Our solution to overtaxation is simple. Scrap the 16 per cent VAT and replace it with a fairer 5 per cent sales tax,” he said.
“This shift will ease the daily struggles of Kenyans and put more money directly into people’s hands. With greater purchasing power, families will spend more, businesses will thrive, liquidity will flow through the economy, and growth will follow. This is the engine of our economic revolution,” Wanjigi added.
FIST Agenda
This comes days after he unveiled his “FIST Agenda” on September 18, 2025, during the party’s National Delegates Conference at Ngong Racecourse.
The four-point plan focuses on ending debt, cutting taxes, guaranteeing free education and healthcare, and unlocking credit to empower citizens.
Wanjigi pledged to reject payment of odious debt, introduce universal healthcare, offer free primary and secondary education, replace the 16% VAT with a 5% sales tax, and stop domestic borrowing.
He said the reforms aim to build a fairer economy and deliver prosperity, dignity, and freedom from political and economic suppression.
