Hotelier and businessman Nazir Jinnah has cautioned against the widening gap between the rich and poor due to economic challenges bedevilling the country.
He said this could trigger more troubles for the country at large.
The English Point Marina Director said the government should do more to alleviate the suffering of Kenyans, which has been worsened by among other things increased taxes.
Similar calls were made by the Catholic Church which Thursday urged the government to review its “tax regime” since many Kenyans and businesses are hurting.
The Kenya Conference of Catholic Bishops (KCCB) said overtaxing had led to job losses and pushing prices of basic commodities.
The businessman said with stagnant incomes and a rising cost of living, there is a need for the Kenya Kwanza administration to think about the financial well-being of Kenyans.
“The economic strain is further compounded by the inability of businesses to afford employment, leading to a soaring unemployment rate that exacerbates poverty and inequality,” he said.
He said with businesses struggling to stay afloat amidst a challenging economic climate, many Kenyans find themselves without stable sources of income, further deepening their financial insecurity.
He said there is a need for the administration to tame corruption and manage its borrowing appetite.
“The burden of debt falls squarely on the shoulders of hardworking Kenyans, who must bear the consequences of irresponsible borrowing and spending decisions,” he said.
“This cycle of wasteful expenditure only serves to deepen the financial woes of Kenyan taxpayers, perpetuating a vicious cycle of poverty and inequality.”
Jinnah has urged the government to prioritize the welfare of its citizens and adopt policies that promote transparency, accountability, and fiscal responsibility.
“Only through concerted efforts to address the root causes of economic hardship can Kenya build a more equitable and prosperous future for all its citizens,” he said.
