March 10th, 2023

The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, invited chief executive officers from the financial sector to a breakfast meeting to discuss insights from the FinAccess survey, and the implications of those insights.

The meeting was held on Friday, March 10^th at the Kenya School of Monetary Studies.

Insights from 2021 FinAccess household survey: Main and county perspective reports

FSD Kenya CEO, Tamara Cook, presented insights from FinAccess, underlining the paradoxes at the heart of Kenya’s financial inclusion journey Her presentation highlighted:

• The disconnect between rising levels of inclusion and declining financial health;

• The role of digital finance in supporting resilience in increasingly challenging times; but decline in the use of services which support investment and growth such traditional bank services, SACCOs & chamas

• A deep dive into the county data from FinAccess 2021, including the surprises in store we zone in on particular counties- like Taita Taveta

Click here to read the full presentation. 

FinAccess MSE Tracker Survey March 2023

The occasion also marked the launch of a new MSE tracker survey, following the success of the FinAccess Covid-19 MSE Tracker Survey which was conducted between 2020-2021 .

Click here to read the full FinAccess MSE Tracker Survey (March 2023) report

In the event’s keynote speech, Hon. Simon Chelugui, Cabinet Secretary,  Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) Development, there was an appreciation of how this kind of data forms a critical pillar of policy, providing valuable insights on opportunities and barriers for MSE growth, and helping to monitor activities such as the recently launched Hustler Fund.

Event recording – Governor’s Meeting with Chief Executive Officers from the financial Sector on financial Inclusion

 

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