Tag: fsd kenya
The World Bank estimates that 95 per cent of Kenya’s businesses and entrepreneurs operate within the informal sector. Now as the country grapples with the COVID-19 pandemic, the sector is vulnerable and Enterprise Finance and Innovations Specialist, Duncan Oyaro shared his thoughts on how it can be protected.
Traditional Kenyan banks losing customers despite growth in access to financial services, here’s why
Kenya has over the last decade experienced a significant growth in access to formal financial services with over 80 per cent of the population financially included. However, there has been a drop in usage of traditional bank accounts mainly due to cost. Francis Gwer, Policy specialist at FSD Kenya joins CNBC Africa for more.