President William Ruto has called for mechanisms that will rid the country off the debt burden.
Speaking at the launch of the enhanced NSE market place, the head of state said there is evidence in the stock market for the country to raise the resources needed to handle debt.
“That money that we are so desperately looking for out there with proper instruments, we can get those resources from the people of Kenya through the Nairobi Stock Exchange,” he said.
“And I look forward to the government of Kenya raising more resources for our development using NSE,” the president added
President Ruto has asked the youth to invest time in trading as opposed to gaming and gambling.
The president also stated his anticipation in seeing small and micro entrepreneurs engaging in purchasing shares from various Kenyan companies as a way to grow the economy.
“I am looking forward to the time, mama mboga will be on her phone buying Safaricom shares, buying Kenya breweries shares, hopefully Bidco shares,” the president stated.
Additionally, at least eight to 10 companies are set to join the Nairobi Stock Exchange in the next one year.
“In the next 12 months, we will have between six and ten companies listed in the Stock Exchange. I promise we will deliver on that commitment,” Ruto said.