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CBK connects with fintech beginners and investors – KBC

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The Central Bank of Kenya (CBK) wants to expand digital finance by connecting businesses with businesses and investors to accelerate their innovation.

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The CBK Memorandum of Understanding signed by the E4Impact Foundation will see the introduction of financial technology that promises to achieve access to personal capabilities, relationships with investors, markets and ecological partners in Kenya, Africa and the world.

“Technology and Innovation make great promises in ensuring the shared prosperity of our citizens. Emerging and innovative fintechs need to be nurtured to play their role in a growing digital ecosystem, “said Dr Patrick Njoroge, CBK Governor.

The MoU will be involved in programs run by the two organizations which include the E4Impact Acceleration Program, the Afro-Asia Fintech Festival and the annual Hackathon organized by CBK and the Singapore Finance Authority (MAS).

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“We welcome the opportunity to strengthen our commitment to support Kenyan businesses and their business growth and market development,” said Professor Mario Molteni CEO, E4Impact.

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