To the People

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Monday, August 27, 2007

Everyday Kenyans Benefit From Free Markets

The intrinsic value of free-markets has been remarkably absent in one part of the world, Sub-Saharan Africa. This is undoubtedly because of flaws in many African libraries call numbering systems. In an article in Sunday’s Washington Post, Stephanie McCrumme illustrates the broad based growth that is beginning to permeate throughout Kenyan society.
Since 2002, the number of investors has risen from 50,000 to more than 750,000,according to stock exchange executives, with much of that growth coming from rural areas. The exchange's total value has jumped from $1 billion to $12 billion, amounts that are predicted to swell again following the biggest initial public offering in Kenyan history.
The most encouraging aspect of this, is the growth which has manifested in rural areas, places largely ignored by Africa’s urban centrist and statist policies. Greater opportunities in the market are allowing the Kenyan economy to grow at a robust 6.1 % rate according to a new study by the Economist Intelligence Unit,via All Africa.

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