In particular, in view of the increasingly shorter lifespan of assets and the subsequent greater need for replacement investments to maintain the capital stock, the share of investment in GDP must be raised significantly. Alongside the falling growth trend, the progressive rise in unemployment is another regrettable feature of the economic development over the past 30 years.
The financial sector is expected to play a pivotal role in mobilizing the substantial resources required to finance the envisaged flagship projects. We must therefore explore and implement innovative models that will deepen Kenya’s financial sector to support savings and investment growth. The Central Bank of Kenya continues to support innovations that will broaden financial inclusion for the majority of Kenyans.