President William Ruto is attending the ongoing launch of the enhanced Nairobi Security Exchange (NSE) Market place.
Others present at the event include Deputy President Rigathi Gachagua, Trade CS Nominee Moses Kuria among other dignitaries and government officials as well as stakeholders in the business sector.
The move is aimed at reviving “market activities and boosting the NSE market stock growth”.
Ruto rang the bell and participated in the stock market to signify the official launch of the markets.
At the same time, a light moment was witnessed between the president and former Citizen TV anchor Terryanne Chebet who was moderating the event.
Chebet complimented the president while acknowledging that he had become a co-moderator.
Responding to the comment, Ruto said, “Terry Anne You have to be careful because we might have to share the stipend for moderation at this rate.”
President turned MC… Light moment at the launch of NSE Market Place as Dr Ruto jokes he might have to share the pay for moderating the event with Terryanne Chebet pic.twitter.com/5iSoi6XlL0
— Citizen TV Kenya (@citizentvkenya) October 11, 2022
Ruto however noted that private companies were unwilling to participate in the stock exchange because of tax issues saying that the government is “ready to forgive some sins.”
He also listed other plans aimed at generating more wealth.
“We will embark on the privatization of public corporations as a way to generate wealth. We intend to get between 5-10 mature public sector companies listing at NSE in 12 months,” the head of state said and further insisted on the importance of saving
“”Investment is a function largely of savings. If we do not have a savings culture, it becomes very difficult for us to participate meaningfully in investments,” the president said.
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