Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
www.capitalfm.co.ke/business
www.capitalfm.co.ke/business
National Treasury & Planning CS Amb Ukur Yatani has called on investment professionals to diversify their portfolios by tapping into public sector asset classes / COURTESY

Companies

Treasury CS roots for public sector investment opportunities

Mombasa, Kenya  October 11 – National Treasury & Planning CS Amb Ukur Yatani has called on investment professionals to diversify their portfolios by tapping into public sector asset classes.

In a speech read on his behalf by the Chief Administrative Secretary, National Treasury, and Planning Eric Simiyu Wafukho during the opening of the 4th Annual Conference by the Institute of Certified Investment and Financial Analysts (ICIFA), the CS noted that effective private sector participation in public investments program is a key to sustainable development in Kenya and with ICIFA’s membership being drawn largely from the private sector, he challenged them to provide policy options and proposals on public investment strategies to spur GDP growth.

“The public sector has different kinds of asset classes which on average yield higher long-term returns”, he said.

He lauded investment professionals for their role in promoting Kenya as an investment hub in East and Central Africa.

The conference brought together investment and financial analysts from both the government and private sector.

Some of the facilitators at the conference included FA Esther Koimett, PS Broadcasting And Telecommunication; Christopher Kirigua DG PPP,; Kittony Kittony Chairman NSE PLC,FA; Dr.Edward Odundo Director School of Pension and Retirements studies among others.

During the conference, investment professionals laid down investment strategies in the wake of the Covid-19 pandemic.

“The conference created a platform for delegates to interact directly and virtually with regulators, partners, government representatives and potential clients as they shared the opportunities and challenges faced when investing in Kenya and Africa at large.”, said ICIFA CEO FA Diana Muruiki Maina.

On behalf of the CS, Wafukho commended ICIFA for incorporating global emerging trends and topical issues in its training programs and the deliberate efforts made in impacting its professionals with the relevant cutting-edge skills. by a show of commitment by the government to ICIFA, the National Treasury has appointed a representative to ICIFA’s Council, its Statutory and Council Committees

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...