The Central Bank of Kenya (CBK) and E4Impact Foundation (E4Impact) have entered into an agreement 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.
The MoU 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).
Prof. Mario Molteni, CEO, E4Impact said that they welcome the opportunity to strengthen their commitment to support Kenyan enterprises with their business growth and market development.
Dr. Patrick Njoroge, Governor, CBK said that Technology and Innovation offer great promise in ensuring the shared prosperity of citizens.
“Emerging fintechs and start-ups need to be nurtured to sustainably play their role in the increasingly pervasive digital finance ecosystem.”