KENYATTA UNIVERSITY SCHOOL : ECONOMICS DEPARTMENT : APPLIED ECONOMICS UNIT CODE : EAE 403 UNIT TITLE : FINANCIAL ECONOMICS GROUP ASSIGNMENT GROUP MEMBERS ADMISSION NO 1.MOKUA PRISCILA KERUBO K16/2403/2012 2. CHRISTINE AYAKO OMOLLO K16S/11125/2012 3. NATHAN KIMUTAI KORIR K16S/11098/2012 4. DELLA MGENYA NJANI K16S/ 11149/2012 5. ALLAN NANDWA AMWAYI K16S/11206/2012 COURSE INSTRUCTOR : MR.KYALO DATE OF SUBMISSION : 28 TH September 2015.
Give an overview of the financial sector of Kenya (Including all the financial institutions of Kenya and their roles). The financial sector of Kenya is generally described as a collection of markets, institutions, laws and regulations through which financial instruments are traded, interest rates are determined and financial services are provided. The financial system of Kenya is made up of the financial institutions, financial instruments, and markets. The financial institutions of Kenya are classified into depository, non-depository and regulatory institutions. Depository institutions are those that allow market regulators to access deposits from surplus economic units and provide credit to deficit economic units. They include; 1. Commercial banks 2. Credit unions 3. Savings and loans associations Non-depository institutions are those that are not allowed to take deposits from the public and are generally classified as: 1. Contractual saving institutions such as insurance, saving and pension funds companies 2. Investment advisory companies such as investment banks, credit rating firms, investment advisors and fund managers 3. Investment companies who are risk spreaders. They include mutual funds, exchange traded funds and unit trusts 4. Investment companies who are risk takers. They include venture capital funds, hedge funds and private equity funds 5. Development institutions such as development financial institutions and leasing companies. Roles of depository institutions; Commercial banks 1. They compete in order to attract funds from different individuals and organization. 2. Lending money in the form of loans or overdrafts. They charge an interest on them.
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- Fall '08
- History, Financial services