The continental bankers association, Association of Association Executives (AAE) has nominated Kenya Bankers Association as one of the best associations on the Continent.
The Kenyan umbrella body of the banking industry and lead advocacy group of the financial services sector has been shortlisted as Best Association in Africa, while its Chief Executive Officer Dr. Habil Olaka has been nominated as Best Association Leader of the Year.
KBA Chief Executive Dr. Habil Olaka expressed his pleasure for being nominated for the prestigious continental award.
“I sincerely thank the KBA Governing Council, all our members and our staff for the commendable effort that has gone into establishing KBA as a leading industry association on the Continent. Our vision is to play a key role in supporting industry growth and development and, by doing so, contribute to Kenya’s sustainable development,” he added.
“We also thank our sector regulators, the many partners we have worked with on numerous initiatives, and most importantly the banking public for having confidence in us,” said Dr.Olaka.
KBA has been on the for front working with the Central Bank of Kenya to implemented key projects to modernize the national payments system.
The Automated Clearing House, which KBA operates in conjunction with CBK, maintains a 99.9 per cent up time performance record and has cut down clearing cycles from 21 days to 2 days for local currency cheques and by 5 days for US Dollar clearing, enhancing market liquidity.
KBA is recognized internationally as a leading organisation, KBA’s Center for Research on Financial Markets and Policy has quickly become a groundswell for banking enquiry, publishing more papers and articles on banking than any other institution in East Africa.