These include among others, increasing savings and investment; improving the business environment; closing the infrastructure gaps; reducing telecommunications costs; and formalizing the informal sector. In the last few years, Kenya has made great strides in unlocking some of these bottlenecks in the financial sector.
Innovations in technology that enable ICT-empowered financial services platform coupled with conducive regulations have led to a large proportion of the previously unbanked population to be mainstreamed in the formal banking system.