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The Central Bank of Kenya (CBK) and E4Impact Foundation (E4Impact) announce the entering into a Memorandum of Understanding (MoU) to support Kenyan financial technology (fintech) start-ups and enterprises.
This will be through access to customized capacity building, linkages to investors, markets and ecosystem partners in Kenya, Africa and globally.
The MoU builds on the partnership between CBK and E4Impact during the Virtual Africa Hackathon organized by CBK in August 2020. The hackathon focused on solutions to support Africa’s post COVID-19 recovery. CBK has continued to work with the fintechs and start-ups that participated in the hackathon as they crystallize their ideas.
According to CBK, the pact will leverage on programs run by the two organizations. These include the E4Impact Accelerator Program, the Afro-Asia Fintech Festival and the Annual Hackathon hosted by CBK and the Monetary Authority of Singapore (MAS).
“We welcome the opportunity to strengthen our commitment to supporting Kenyan enterprises with their business growth and market development,” said Prof. Mario Molteni – CEO, E4Impact.
Dr. Patrick Njoroge, Governor, CBK noted, “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.”