The study aims at examining the effect of the value of shares traded as a ratio of GDP on economic growth in Kenya from 1985-2020. The study was based on financial intermediation theory backed up by other theories related to financial deepening. The study adopted a historical research design. An Autoregressive bivariate model (bVAR) was used in the study. Inferential statistics and descriptive are used in data analysis. This study was conducted in Kenya for the period 1985 to 2020. The study uses a historical research design. Descriptive statistics such as standard deviation, mean and correlation are calculated. Tables and graphs are also used to present the results. Inferential statistics help make inferences and predictions of a population based on the selected sample. The study established a positive effect of the value of the traded share on economic growth both in the long run and in the short run in Kenya. The study recommends that the Kenyan government create policies that would foster participation in the stock market by Kenyan investors and foreign investors.

In recent years, devolved governments in Kenya have been offering semi-formal credit programs to rural households. Despite the key role of this type of credit in enhancing the welfare of rural household welfare, little is known on determinants of rural farm household participation in the credit programs. Therefore, this study sought to identify factors influencing farmers’ participation in the semi-formal credit program in Kakamega county. The study used a multi-stage sampling approach to gather data from 179 respondents. The data collected was analyzed using descriptive statistics and a probit model. The results indicated that the semi-formal credit accessed by rural farm households was allocated to both on-farm and off-farm enterprises. Also, factors that significantly influenced household participation in the semi-formal credit included farming experience, occupation of household head, group membership, distance to credit source, distance to the nearest market, and access to financial training. Based on the study results, policymakers and other stakeholders should offer financial training, thus enhancing farmers’ productivity and promoting their participation in semi-formal credit programs. Also, they need to encourage farmers to join socio-economic groups and engage in sustainable off-farm activities.