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 Debt
By Maureen Waruinge, 6 February 2013Copyright © 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.
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