I wish to focus my talk on domestic and regional policy initiatives and how they impact on growth, and more specifically on the employment situation in Kenya. May I start by pointing out that unemployment reflects the inability of economic activity to absorb labour or human resource at different levels. When we talk of economic activity, we mean growth.
I am still at ease right now, because the stress tests we conducted as part of the low-interest-rate survey show that more than 95% of banks would satisfy the broadly based capital requirements even in crisis scenarios. And yet caution is warranted on two counts.