The survey also identified key constraints to the mortgage market in Kenya such as low levels of income, access to long term funds, credit risk due to absence of historical information, relatively high interest rates, difficulties with property registration and high incidental costs of borrowing. However, various initiatives are under way to tackle these obstacles.
But the other reason for markets to be nervous is that they do not see clear on how we collectively will get out of the exit strategies. The first thing we have to do is to have a clear, well defined, well-timed exit strategy from the high budget deficits. This is on top of our list of priorities. Handelsblatt: Which is the second priority?