Destination Point Kenya

Housing Finance of Kenya Gets 40% More Bids for Bonds Than Amount Offered
Housing Finance Ltd. , Kenya’s only publicly traded mortgage lender, said it received bids for 40 percent more bonds than the 5 billion shillings ($62 million) offered in a sale last month.
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In the short term, Kenya’s growth prospects appear good in light of recovery efforts being carried out by the government. Global economic growth is projected to pick up in the year 2010 and slow down in 2011. Consequently, the demand for the country’s commodities might improve.
 
On the domestic scene, erratic and insufficient long rains in [...]

Financing of Capital Formation  
  
Capital formation is financed by domestic savings, grants and net borrowing from abroad. In 2008, the economy was able to finance capital formation from grants and domestic savings alone. Grants from abroad recorded a growth of 37.8 per cent. The impact has been stimulated by grants that are being channeled to [...]