The Financial Sector Deepening Kenya (FSD Kenya) is an independent trust dedicated to the achievement of an inclusive financial system that supports Kenya’s long-term development goals. We work closely with government, the financial services industry and other partners to develop financial solutions that better address the real word challenges faced by low-income households, enterprises and underserved groups such as women and youth.
In April 2019, the 2019 FinAccess Household Survey revealed that Kenya had made extraordinary strides in financial inclusion. While FinAccess 2019 shows that financial inclusion has peaked at 83% among Kenyans, its findings also evoke poignant questions.
FSD Kenya’s work is increasingly focused on trying to help harness the on-going disruption of the sector in a way which will create real value for people.
It is with an immense sense of loss that the FSD Kenya learned of the passing of Bob Collymore, CEO of Safaricom.
FSD Kenya is pleased to support the Afro-Asia Fintech Festival (www.afroasiafintech.net) co-hosted by the Central Bank of Kenya and the Monetary Authority of Singapore on the 15-16 July at the Kenya School of Monetary Studies.
David Ferrand has announced that he will be stepping down from his role as Director of FSD Kenya from 4th July 2019. After an extensive, international search process, the Trustees have appointed Tamara Cook (pictured) as his successor.
This Financial Access (dubbed FinAccess) Household Survey 2019 is the fifth in a series of surveys that measure and track developments and dynamics in the financial inclusion landscape in Kenya from the demand–side.
If we want truly dynamic and competitive pricing, we just need to empower consumers’ data to be the oil that lubricates a new type of marketplace.
Financial Sector Deepening-Kenya is proud to be a supporting partner of Dignity and Debt‘s project that involves the use of AI to marshal citizen voices about their experiences with digital credit.
David Ferrand has announced that he will be stepping down from his role as Director of FSD Kenya in mid-2019, having led the programme from its inception in early 2005.
The 4th FSD Kenya Annual Lecture took place on 8th November 2018 at the Chandaria Center for Performing Arts, University of Nairobi Towers.
The 4th FSD Kenya Annual Lecture took place on 8th November 2018 at the Chandaria Center for Performing Arts, University of Nairobi Towers.
The 4th FSD Kenya annual lecture on financial inclusion is set to take place on the 8th of November 2018. This year’s lecture titled, “The inevitable: a glimpse of the future of fintech” will be delivered by Julian Kyula, an accomplished entrepreneur and business leader recognized locally and internationally.
The 4th FSD Kenya annual lecture on financial inclusion is set to take place on the 8th of November 2018.
Internationally recognised tech entrepreneur, Julian Kyula, was the guest speaker at the 4th FSD Kenya Annual Lecture that took place on 8th November 2018 at the Chandaria Center for Performing Arts, University of Nairobi Towers.
In his delivery of the 4th FSD Kenya annual lecture on financial inclusion internationally recognised entrepreneur and business leader, Julian Kyula, discusses the world of fintech from an African continent perspective and the journey we must embark on to participate in how the digital world is changing.
FSD Kenya is pleased to announce that its 4th annual lecture on financial inclusion will be delivered by Julian Kyula on the 8th of November 2018.
Data protection is one of the most important issues currently facing the Kenyan economy. On July 17th FSD Kenya submitted public comments to the Data Protection Bill, 2018 presented by the Senate ICT Committee.
The combination of a regulatory sandbox and a one-stop-shop regulatory helpline is what the Kenyan fintech market needs to continue innovating.
The report gives an overview of FSD Kenya’s proposed programme of activities and major issues surrounding financial inclusion during 2017 and highlights of our initiatives.
FSD Kenya carries out research excursions across the country to obtain perspectives of ordinary Kenyans regarding finance, financial services and how the financial system has impacted their livelihoods.
Financial access is accelerating
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Financial inclusion is growing, and fast. Kenyans excluded from any form of financial service dropped from over 40% of adults to 17% between 2006 and 2016.
FSD Kenya invested substantially in supporting savings groups (SGs) based on the hypothesis that these kinds of informal services are more accessible to underserved markets.
2016 marked the first year of FSD’s strategy for the period 2016 to 2021. The financial landscape in Kenya has evolved in ways far beyong the vision of FSD Kenya at our inception in 2005.
Mystery shopper exercises carried out over several weeks in 2015 and 2016 mirrored a typical customer’s journey in which most customers obtain information on banking from branches. But despite visiting over 30 bank branches, customer care representatives, bank websites, enquiring from colleagues and friends, we still couldn’t get consistent pricing information.
Kenya has experienced tremendous improvements in access to financial services over the last few years. However, little is known about the trends in affordability of financial services, especially for low-income earners.
Stay informed with regular updates from FSD Kenya