Outline the major changes that have been necessitated by the adoption of International Accounting Standards

(a) What are financial intermediaries and what role doe they play in the economy?
(9 marks)

(b) Foreign Direct Investment (FDI) plays a crucial role in revamping less developed economies.

Required:
Write brief notes on the obstacles to the flow of FDI into the Kenyan economy.
(9 marks)
(Total: 18 marks)

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