Kenya has achieved significant success in its financial inclusion initiative, with over 84% of adults now using formal financial services, led by banking, mobile money, and digital finance solutions, according to the government.
This emerged yesterday as Dr Chris Kiptoo, principal secretary of the National Treasury, chaired the inaugural meeting at the National Treasury for the National Financial Inclusion Council whose role will be to provide policy guidance on implementation of National Financial Inclusion Strategy (NFIS) 2025-2028.
The meeting paves the way for the official launch of the NFIS strategy, the Financial Services Sector Plan 2023–2027, and the Women Entrepreneurship Finance Code by President William Ruto tomorrow at the Central Bank of Kenya Institute of Monetary Studies.
The National treasury said: “The Strategy aims to: expand equitable access to quality and affordable financial services that meets customer needs; strengthen stakeholder coordination; and support innovation and policies for sustainable consumer-focused financial inclusion.”
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