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
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