Kenya is in debt because of a poor savings culture. Zimele Asset manager Sammy Muvelah says Kenyans who are gainfully employed should join pension funds to inculcate a national savings culture to enable government borrow from cheaper sources. Kenya borrows at least 150 billion every year from donors for development projects.
The Star (Nairobi)
Kenya: Lack of Savings Culture Affecting Kenya DebtBy Maureen Waruinge, 6 February 2013
Copyright © 2013 The Star. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.