From: amenya gibson

Now Kenyan will be moving to join top nations in modern markets.

Central Bank of Kenya has developed guidelines that will allow financial institutions to trade financial instruments called derivatives.

There is need as Kenyans we develop enough manpower that will enable Kenya not only avoid journey that West Nations faced when these instruments almost destroyed their markets but establish how best such instruments can help us especially as we move towards devolved system of government.

I cant wait to see Maasai community trading their Sandals at New york Stock exchange without moving physical having the sandals being shipped to NYSE.

We all know financial instruments of derivatives can help a company develop very fast and grow its market but also can cause within seconds the company to be bankrupt.

Recently JP Morgan Chase and Company led its CEO Jamie Dimon having a rough time to explain why its on its balance sheet we have a hole of usd 2B from saw its London Trading Desk which is over Ksh (87times 2) =Ksh 176B amount that can develop see Kenya pay teachers,etc without stress but all this got wiped in a few months.

We all know that derivatives markets make biggest Investments banks in USA such as Lehman Brothers AIG,Morgan Stanley collapse.

Will Kenya avoid this especial when we shall be having trading of swaps,oil and gas derivatives and even we can have come 2013 Political Derivatives we bet on which politicians are likely to win in 2013
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Thanks
Gibson Amenya
Level Moja Capital Solutions K Ltd
Skype amenya.gibson