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CBK deputy governor says financial inclusion helping fight poverty

Published on March 23, 2016

Central Bank of Kenya (CBK) deputy governor Sheila M’mbijiwe says financial access has helped address poverty in the country with only Mauritius and South Africa having outdone Kenya in the inclusion.

She said this is a cause for celebration as majority of Kenyans are now financially included with the country rated third on the continent. The access points include brick and mortar banks, agency banking and mobile money transfer outlets.

“We have 75 per cent financial inclusion which means 90 per cent of Kenyans are within three kilometres of a financial access point,” said Ms M’mbijiwe. Read more. Source | Business Daily