Bad culture of saving hurts SNG growth

There is a correlation between the low Kenyan savings culture and the lack of growth of ESN, a study of the Financial Markets Authority.

A study on the low consumption of financial market products shows that Kenyans have a better savings profile in the 80s and 90s.

According to the report, more and more businesses are joining the market. ESN at the present time, while more and more companies are leaving firms

. Five years ago include Access Kenya, CMC Holdings, Vipingo Rea, Baumann Limited, Hutchings Biemer and Express Kenya

The miller announced Unga Group Plc is expected to be withdrawn from the NSE after the US company Seaboard bought back minority shareholders last month.

According to the study, Kenya's gross saving rate fell by almost half in 10 years, from 11.7% in 2007 to 6.2%, which means that most Kenyans live from day to day.

The AMC works with the Treasury to catalog state-owned enterprises and offer Kenyans multiple investment options.

CONDUCTING GROWTH

Evidence shows that new listings have been catalyzed by a strong secondary market, rising overall economic growth, and rising GDP combined with policy announcements government.

The CMA and the National Treasury plan to reintroduce and revitalize a structured, feasible and time-limited privatization program through the Nairobi Securities Exchange

. the market gives a new impetus and guides the ideal moment for the raising of capital and the establishment of lists by private companies of the same size.

This will be done through the commitment of the Advisory Committee of Crown Corporations. "The capital markets are determined to play a key role in achieving this growth goal by mobilizing savings by facilitating the creation of new products and services in capital markets," he added. report says

It calls for the stimulation of gross national savings as a ratio of GDP to 30 percent by 2030.

CMA and NS E strived to 39 attracting companies to the stock market, failing to achieve an annual target of three to four small medium-sized companies in the growth business segment.