State corporations stand to lose on limited bonds investment

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Uploaded by on Jun 17, 2009

State corporations that plan to issue infrastructure bonds stand to lose should the government make it mandatory for pension funds that receive statutory contributions to limit their new investments to government securities and infrastructure bonds.

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  • Slowly Kenyans are realizing that the rossy picture painted by the the governement on the budget day is afterall a farce.This government is simply crowding out private investment and using the same money to overfund non productive departments like the army and internal security,even after facturing the current security challenges.Anybody who has ever bothered to follow Kibakinomics know that he is a reckeless public spender and such is how he squandered the coffee boom of the 70's. Damnations

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