The SIFE Kenya and POSTBANK Essay Competition
The ongoing global financial crisis
has brought many businesses in the USA and Europe to their knees
prompting the USA government to resort to bailouts. Many of these
businesses were financed through credit and their collapse has been
felt throughout the world including Asia and Africa. The culture of
borrowing has also caught up with many Kenyans as demonstrated by
massive borrowing of money they do whenever IPO is floated at the
Nairobi Stock Exchange. Many are now struggling to repay the loans.
Should one borrow or save in order to invest? How can the youth get
capital to start a business?
Students in Free Enterprise (SIFE) Kenya in partnership with POSTBANK
have launched an essay writing competition and debate to promote the
culture of saving especially among the youth. Under the theme
‘Save to invest and grow the economy’ the competition, first of its
kind, seeks to enlighten all players in the economy on the importance
The essay writing and debate is open to all students in the 14 SIFE
Kenya affiliated public and private universities. The students with
best essays will get a chance to defend their views in a debate. The
top three students will receive Kshs. 15,000, Kshs.10,000, Kshs. 5,000
respectively. In addition participating students will receive gifts
A 500 words essay highlighting the role saving can play in our economic development should be sent by 15th December 2008 to
firstname.lastname@example.org and cc to email@example.com
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