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Savings versus debt: Ruto's paradigm shift

Kenyans have been saving through Saccos, merry-go-rounds and individually. [Istockphoto]

The new paradigm in Rutonomics is savings. In his speech to parliament, President William Ruto even gave an incentive to savers that the government would match every two shillings with one.

He should have gone a step further and explained if this savings will earn interest, and if one can withdraw it at will or after a given period. Shall we save through banks, M-Pesa or a special purpose vehicle?

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