Former CBK governor Njuguga Ndung'u exercised regulatory restraint in regulating the banking sector and payment systems. This hands off approach led to growth of Fintech in the country making Kenya to be among the leaders. But it also led to accumulation of risk and unsafe banking practices. Governor Njoroge has taken a prescriptive regulatory approach, … Continue reading Revisiting Regulatory Models of Banking Sector in Kenya: From Njuguna’s Restraint to Njoroge’s Missiles

In Kenya, pension expense take a huge percentage of public expenditures. Yet, the government is making payments to people who are able bodied, but not contributing to public coffers. Such regime of social security is outdated. Public pension schemes require immediate overhaul It is the German Chancellor Otto von Bismarck who introduced the world’s first … Continue reading Kenya Public Pension Scheme Require Overhaul

Dollar dominance may have reached its end. Evidence portray a trend of massive de-dollarisation by world economies. It is time emerging economies such as Kenya adjusted accordingly. A random invoice will demand that payment to be made through SWIFT. This is an international payment system by the Society for Worldwide Inter-bank Financial Telecommunication (SWIFT), which … Continue reading End of Dollar Dominance and Its Malcontents