Nairobi — Central Bank of Kenya says implementation of a comprehensive financial inclusion plan is key to actualising government development programmes through cranking up the national savings rate.
A confidential executive briefing note from governor Njuguna Ndun'gu, seen by Sunday Nation, says only wide access that allows the poor to save and accumulate assets will make the monetary policy effective. The savings rate under Vision 2030 is projected to rise from 14 to 25 per cent of GDP, with the investment rate increasing from 20 to 35 per cent.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article