2010: Optimism Stirs NSE

The year 2010 is poised to favour accelerated economic growth going by prevailing market and environmental conditions. The El Nino rains, the governments stimulus programme, the FIFA world cup to be hosted in South Africa and increased foreign investor participation at the Nairobi Stock Exchange are factors that favour economic upturn but according to an analyst at CFC Stanbic financial services, Judd Murigi the positives are only good on paper and may not be realized unless the governments stimulus package is actually spent. He also warns that the economy must be sufficiently cushioned from political risks that may be occasioned by the anticipated referendum on a new constitution and prosecutions of post election violence suspects at the Hague.