The Central Bank of Kenya (CBK) and the E4Impact Foundation have signed a Memorandum of Understanding (MoU) to support Kenyan financial technology (fintech) start-ups and enterprises.
This will be accomplished through personalized capacity building, as well as connections to investors, markets, and ecosystem partners in Kenya, Africa, and around the world.
The Memorandum of Understanding builds on CBK and E4Impact collaboration during CBK’s Virtual Africa Hackathon in August 2020. The hackathon was focused on finding answers to help Africa’s recovery after COVID-19.
CBK has continued to collaborate with the fintechs and start-ups that took part in the hackathon as they refine their concepts.
The MoU will make use of the two organizations’ joint initiatives. The E4Impact Accelerator Program, the Afro-Asian Fintech Festival, and the CBK and the Monetary Authority of Singapore’s Annual Hackathon are among them (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.
“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.” Dr. Patrick Njoroge, Governor, CBK.