The SIFE Kenya and POSTBANK Essay Competition
Published on 2nd December 2008
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 of savings.
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
from Postbank.
A 500 words essay highlighting the role saving can play in our economic development should be sent by 15th December 2008 to
[email protected]
cc [email protected]
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