On Mon, Jun 27, 2011 at 11:57 AM, Phares Kariuki
<pkariuki@gmail.com> wrote:
I know I may be fanning the Aki fire with this, but sincerely, why are we so dependent on FDI? Can't we shore up our own capital reserves? It's unfortunate that our bond market is yet to pick up but it's one of the best solutions for this IMO... Where do companies store their cash at hand? Bonds would offer a better store of value at the same time allowing for fund raising for investing in local ventures/projects...
most companies i believe send their money overseas ... the only bond market that exists in Kenya is mainly for treasury bonds ... corporate bonds you probably need some kind of independent risk assesment body for credit ...does such a thing exist ?