The Central Bank of Kenya (CBK) has made it known that it has reached an agreement with the Italian organization; E4Impact Foundation. The partnership is aimed at providing support to all Kenyan financial technology start ups and is also part of the Central Bank of Kenya (CBK)’s plans to promote innovation in the financial sector in Kenya.
Via the Central Bank of Kenya (CBK)’s agreement with E4Impact Foundation all Kenyan start ups, will now be able to get access to international markets, international investors, as well as numerous players in the fintech sector.
E4Impact Foundation will in addition offer capacity building to all fintechs in the East African nation of Kenya.
The Central Bank of Kenya (CBK) and E4Impact Foundation will use programs like the Annual Hackathon, Afro-Asia Fintech Festival, and the E4Impact Accelator Program to make sure their goal is achieved.
Chief Executive Officer (CEO) of E4Impact; Prof. Mario Molteni via a statement to the press made it known that, “We welcome the opportunity to strengthen our commitment to supporting Kenyan enterprises with their business growth and market development.”
The Governor of the Central Bank of Kenya (CBK); Dr. Patrick Njoroge stated that, “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.”
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