Finally, let me touch on three issues that featured in the budget and I think they are critical to our discussions today:   The revamping of investment in infrastructure – Complement private investment – Public investment to reduce cost of doing business – Residue binging constraints    Empowering the youth to secure a future    SME support through a revolving fund operated by bank on a 1 to 5 basis: that is, at the minimum this revolving fund will operate on “for each 1 shilling the government brings, banks will contribute 5 shillings”  Ladies and Gentlemen: As I wind down my remarks, I urge all businesses in Nakuru to take advantage of the current trend of falling interest rates to fully exploit the potential of your businesses.
The capacity of Kenyan banks to extend credit to all types of businesses has been increased following the increase in the statutory minimum core capital from Ksh.250 million to Ksh.1 billion. The increase took effect from 1st January 2009 and will progressively be increased to Ksh.1 billion by 31st December 2012.