Former Prime Minister Raila Odinga has outlined a roadmap for wealth creation.
While addressing students at the Co-operative University of Kenya on April 30 during the installation of Bernard William Chitunga as chancellor, Raila urged the youths to adopt disciplined savings habits as they are a foundation for investment.
He insisted that saving plays a critical role in wealth creation and in turn disrupting poverty cycles.
"Saving is very important in terms of wealth creation. When you save, you can be able to invest. You must make a deliberate effort to break that poverty cycle so that we develop as a society. We need to think outside the box," said Raila.The former premier employed the analogy of the “vicious cycle of poverty” to illustrate systemic financial stagnation: poverty limits savings, which restricts investment opportunities, perpetuating economic stagnation.
The ODM leader called for innovative thinking and consistent efforts to build savings, positioning these habits as non-negotiable for personal and societal economic advancement.
