Let me first convey the best wishes of the Cabinet Secretary, The National Treasury, Mr. Henry Rotich who was supposed to deliver the opening keynote speech today. Due to emerging exigencies, the Cabinet Secretary, The National Treasury has asked me to represent him this morning. Let me also thank the organisers of this conference Thompson Reuters and the Capital Markets Authority (CMA).
In addition, the favorable financial environment, created partly by the Bank’s continuation of its easy monetary stance, and the government’s new economic stimulus package are expected to underpin the economy. However, attention should be paid to growing risks of downward pressures on the economy induced by a possible further slowdown in overseas economies as well as by developments in foreign and domestic capital markets.