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