Speaking during a weekend rally, Kalonzo argued that Kenya cannot achieve rapid economic modernization while major investors continue to exit the market and youth unemployment remains alarmingly high.
According to the former vice president, the government’s policies have not created a stable environment conducive for business growth.
He cited recent cases of companies downsizing or shutting down operations, noting that the trend undermines the narrative of an economy on the rise.
“You cannot talk about becoming the next Singapore when manufacturers are relocating and foreign investors are opting for other African markets,” he said.
Kalonzo further criticized the Kenya Kwanza administration for what he described as misplaced priorities, accusing leaders of focusing more on political rhetoric than addressing the country’s harsh economic realities.
He said that the youth, who form the bulk of Kenya’s workforce, continue to feel left out as job opportunities shrink and the cost of living remains high.
He urged the government to reassess its economic strategy and adopt practical, people-centered solutions.
“Kenya has immense potential, but potential alone is not enough. We need honest leadership, sound economic policies, and a government that listens to its citizens,” he added.
Kalonzo’s remarks come amid growing public concern over unemployment, rising taxes, and the slow pace of economic recovery.
His comments are expected to intensify political debate as leaders position themselves ahead of the 2027 General Election.