Tuesday 17th November 2015
ZERO TO FOURTEEN MILLION
FSD KENYA CELEBRATES TEN YEARS OF BACKING KENYA’S DIGITAL FINANCIAL REVOLUTION
Ten years ago, there was no M-Pesa. Approximately 40% of the adult population used no financial services whatsoever. Just a quarter of them owned a mobile phone. The developments of the last decade are undeniably transformational.
Kenya has emerged as a world-class player in the digital financial revolution. FSD Kenya, established in 2005, has worked hand-in-hand to support the government and private sector’s efforts in coming this far.
In celebration of this, and in recognition of the fact that our work is not yet done, we are proud today to host the inaugural FSD Kenya annual public lecture on financial inclusion.
Dr Tavneet Suri is a Kenyan development economist and associate professor of applied economics at the Sloan School of Management at Massachusetts Institute of Technology (MIT). She delivered the inaugural lecture on the mobile phenomenon, including an analysis of the usage and impact of M-Pesa among other financial instruments.