On the 5th of September 2019, the Financial Sector Deepening (FSD) Kenya and the Consultative Group to Assist the Poor (CGAP), held a stakeholder validation workshop in Nairobi, where they presented the findings of a research study that identified seven key financially underserved segments of the Kenyan population and discussed the potentially viable business cases and policy implications that financial market players could tap into.
Today, I am honoured to represent FSD Kenya at the UK Africa Investment Summit in London. I am inspired by the potential of the entrepreneurs, investors, government officials and civil society organisations who are full of ideas, solutions, and drive to leverage connections and learning across the continent to grow Africa’s economy and wellbeing. At […]
Technology has changed how services are developed and delivered to customers. Regulators are hard-pressed to figure out how to respond, what to regulate, and what to leave aside. Determining the touch point of regulation is not easy.
On November 19, FSD held its annual lecture where David Ferrand shared his insights in a lecture titled ‘Financing Kenya: 2020 hindsight for Vision 2030’. After David’s lecture, I had the pleasure of moderating a panel consisting of Phyllis Wakiaga, CEO of the Kenya Association of Manufacturers (KAM); Sitoyo Lopokoiyit, Chief Financial Services Officer of […]
The first article in a blog series examining the Kenyan credit market by FSD Kenya drew an analogy between the recent forest fires in the Amazon Jungle and the explosion of digital credit in Kenya. Just like putting out the forest fires is not equivalent to solving the problem of climate change, there are wider […]
On November 19th, FSD Kenya’s Annual Lecture will be held under the theme ‘Financing Kenya: 2020 hindsight for Vision 2030’. The idea of ‘financing Kenya’ is interesting because if one were to have a discussion on the state of the economy in Kenya, inevitably money (or the lack of it) will come up. Whether it […]
This week is financial inclusion week, a good moment to take stock of the multibillion dollar ‘fortune at the bottom of the pyramid’ that has been so successfully reaped by the financial inclusion industry. It is also the Making Finance Work for Women Summit in Singapore hosted by Women’s World Banking, a good moment to […]
Natasha is a young woman who has a cake baking business on the outskirts of Nairobi. She has a bank account for her business which she uses intensively. Natasha’s business was doing well and she needed a loan to expand. She approached her bank manager, only to be advised that she should not consider getting […]
Combining education, apprenticeship, and start-up capital to surmount barriers and transform trajectories When Vincent completed high school, he dreamed of going to college and becoming a teacher or an accountant, to work in a job that engaged his mind and his love of math. However, he lacked the means to pay for further education and […]
The focus on the potential and real risks of digital credit, while commendable, runs the risk of taking our collective eye off the wider credit market, which has a much more significant impact on Kenya’s economy.