| Table
of Contents |
Page Number |
| Preface |
x |
| Acknowledgements |
xiii |
| Prologue |
xv |
| Brief Biography |
xvi |
| Kenya's Reforms: Pre-Reform Era |
xxvi |
| Introduction |
xxvi |
| PART I : Global Perspectives 1 |
|
| Changing with the changing times |
2 |
| Globalization and the Kenya Economy |
7 |
| Money and Capital Markets in Kenya |
10 |
| Global Financial Inter-dependence |
15 |
| Globalization of Capital Markets |
18 |
| Insurance Into the Next Millennium |
25 |
| Meeting the Challenges of Globalization |
31 |
| The Challenges of Globalisation in Developing
Countries |
32 |
| The Role of Insurance in Economic Development |
35 |
| PART II : The Continent |
39 |
| The Engine of Economic Growth |
40 |
| The Integration of African Stock Exchanges |
44 |
| Big Business in Economic Development |
46 |
| The Post-reform Era |
49 |
| African Food Processing Technologies |
52 |
| Challenges of Regional Co-operation |
57 |
| Entrepreneurship in Africa |
61 |
| Capital Markets in the African Renaissance |
65 |
| US/Africa Trade Policy |
70 |
| Performance Management |
76 |
| African Stock Markets and Economic Development |
80 |
| PART III : Regional Perspectives |
85 |
| Integration of the East African Economies |
86 |
| Ugandans and Tanzanians as Local Investors |
88 |
| Opportunities in the Regional Capital Markets
|
90 |
| The Challenges of Leadership |
93 |
| Stock Exchanges in Uganda and Tanzania |
100 |
| Investment Promotion in Kenya |
226 |
| The Role of the NSE in Economic Reforms |
230 |
| The NSE and Competitive Industry in Kenya |
235 |
| Financing Infrastructure |
239 |
| Raising Capital for Industrialization |
242 |
| The Private Sector in Industrialization |
247 |
| Sources of Capital for Small and Medium Enterprises |
253 |
| The Stock Market in Kenya's Economy |
256 |
| Empire Builders |
260 |
| New Role of the Nairobi Stock Exchange |
264 |
Pension Funds and SACCOs in Economic Development
|
266 |
| PART IV: (3) Education for Capital
Markets |
269 |
| Development and Regulation of Capital Markets
|
270 |
| Introduction to Stock Market Dealing |
272 |
| Mobilization of Savings |
274 |
| Investing Through the Nairobi Stock Exchange |
277 |
| Investor education |
280 |
| Association of Financial Analysts |
281 |
| Professional Capital Markets Personnel |
285 |
| PART V: (1) Exchange Controls and Foreign
Investors |
289 |
| Market for Foreign Exchange Dealings |
290 |
| Abolition of Foreign Exchange Controls |
292 |
| The Case for Liberalization of Exchange Controls
|
294 |
| Exchange Control Regime |
303 |
| The Repeal of the Exchange Control Act |
307 |
| Foreign Investors Participation |
308 |
| Managed Exchange Rate Policy |
310 |
| Nairobi as an International Financial Center
|
312 |
| Effects of Exchange De-control |
314 |
| Full Opening of the Nairobi Stock Exchange
|
322 |
| Liberal Foreign Exchange Regimes |
324 |
| PART V : (2) Privatization |
329 |
| Privatization of Residential Estates |
330 |
| Privatization of Kenatco Taxis |
332 |
| Divestiture from Listed Companies |
333 |
| Agenda for the New Government |
334 |
| Pricing of Shares |
336 |
| The Management of Privatized Companies |
339 |
| Democratization of Capital |
341 |
| Business Conglomerates |
343 |
| PART VIII: Art and Culture |
431 |
| The Taste of the Pudding |
432 |
| Promotion of Our Cultural Heritage |
433 |
| The Kenyan Theatre |
435 |
| Artists as Entrepreneurs |
437 |
| Role of Art in the African Renaissance |
440 |
| Art in the New Millenium |
444 |
| PART IX : General Issues |
447 |
| Information Technology |
448 |
| Pharmaceutical Industry in Kenya |
449 |
| National Policy on Information Technology |
453 |
| Rehabilitation of Infrastructure in Kenya |
456 |
| The Budget as a tool of Wealth Creation |
460 |
| Economic Expansion Beyond Economic Reforms
|
466 |
| Revisit Kenya's Foreign Affairs Policy |
472 |
| The Role of Professionals in Politics |
475 |
| Towards a Conducive Entrepreneurial Environment |
479 |
| Wise Counsel |
482 |
| Investment Climate |
486 |
| Prospects for Kenya's Economic Recovery in
the Post - Reform Era |
490 |
| Abbreviations |
499 |
| Index |
503 |
