The Central Bank of Kenya (CBK) says it has signed an agreement with the Italian organization, E4Impact Foundation, to provide support to Kenyan financial technology start-ups. The partnership is part of CBK’s plan to promote innovation in Kenya’s financial sector.
Through the agreement, Kenyan start-ups will have access to international investors, markets, and players in the fintech space. Additionally, E4Impact Foundation will offer customized capacity building to fintechs in the country.
CBK and E4Impact Foundation will use programs such as E4Impact Accelator Program, Afro-Asia Fintech Festival, and the Annual Hackathon to achieve their goal.
In a statement to the press, E4Impact CEO Prof. Mario Molteni said, “We welcome the opportunity to strengthen our commitment to supporting Kenyan enterprises with their business growth and market development”.
The Central Bank of Kenya Governor Dr Patrick Njoroge said, “Technology and Innovation offer great promise in ensuring the shared prosperity of our citizens. Emerging fintechs and start-ups need to be nurtured to sustainably play their role in the increasingly pervasive digital finance ecosystem.”
Also read: Central Bank Postpones Afro-Asia Fintech Festival
