President Ruto: Capital markets should offer alternative funding for development
President Dr William Ruto and the Chief Executive Officer of the Nairobi Securities Exchange (NSE) Geoffrey Odundo (right) at the Nairobi Securities Exchange grounds on Wednesday, March 22, 2023 during the bell ringing ceremony to officiate the listing of Laptrust Imara I-Reit.
Kenya’s capital markets have been challenged to create products that offer alternative funding for national development in the country, while at the same time making returns to investors.
President William Ruto led the call on Wednesday, noting that by devising mechanisms that leverage funds such as diaspora remittances, banks deposits, savings, and insurance plans, the markets have the potential to offer alternative funding for sustainable development that would not only bring economic growth but also assure investors of proper returns.
