I expect that many microfinance institutions and potential investors will take the opportunity to establish deposittaking business in order to enhance access to financial services and products by Kenyans. According to the Finaccess study conducted in 2006, about 38 per cent of adult Kenyans are un-served by our financial system indicating a huge market potential for the microfinance industry.
Wage discussions need to recognise the increased purchasing power of money in an environment where inflation is falling; if not then our wage structures will move out of line with competitors. Retaining wage competitiveness to sustain and increase employment is a key priority, even if it means cuts in nominal wages.