Effects Of Non-bank Financial Development On Private Investment In Kenya (1980-2014)

Over the past five years, development in Non-Bank Financial Institutions (NBFIs) has assumed high preposition in Kenya. The trend could be attributed to: their renewed provision of products and services that banks either cannot or may not offer, also their potential to deliver other savings, investments and risk management tools. However, a number of empirical studies paid attention to the commercial banks development on economic growth and minimal studies had been carried out on the effects of NBFIs on private investment in Kenya. This study thereforesought to explore the effects of NBFIs dev…