The dramatic decline in the lead times for the delivery of capital equipment has made a particularly significant contribution to the favorable economic environment of the past decade. When lead times for equipment are long, the equipment must have multiple capabilities to deal with the plausible range of business needs likely to occur after these capital goods are delivered and installed.
The prudential regulation and supervision of banks has been strengthened over the years. For instance, risk management guidelines were issued in 2005. In response to the need to strengthen the powers to resolve banks and thereby enhance the sector’s stability, the Kenya Deposit Insurance Act was enacted in 2012. Consolidated supervision and regulation of banks with cross-border operations has also been enhanced.