Equity Group leadership has called on Kenyans to prioritise domestic investment as a critical driver of economic self-sufficiency and sustainable wealth creation.
Speaking at an investors’ forum in Nairobi, Equity Group CEO James Mwangi emphasised that while foreign direct investment remains valuable, the real transformation of Kenya’s economy will come from within. “We cannot build an economy on borrowed capital alone. Kenyans must own their economic destiny,” Mwangi told delegates.
The bank announced new investment products targeting retail investors, including infrastructure bonds with returns of up to 16 percent annually and a diaspora-focused savings scheme. These products are designed to channel domestic savings into productive sectors including agriculture, manufacturing, and affordable housing.
Economic analysts have welcomed the push, noting that Kenya’s savings rate remains below the sub-Saharan African average. The Central Bank of Kenya data shows that domestic credit to the private sector has grown by 12 percent year-on-year, suggesting appetite for local investment is rising.
