The Kenyan government has over the last decade been implementing financial sector reforms aimed at promoting private investment. The main focus of the reforms was liberalization of interest rate and exchange rate, ...

This Special Paper examines the constraints that limit access to finance and to develop specific recommendations for the removal of legal constraints and further actions to address problems of non-legal nature. The structure ...

The study explores the development of the Nairobi Stock Exchange primary market since its inception in 1953. To understand the factors influencing growth of the market, the study uses a historical perspective approach. ...