Examples include:   Licensing and supervision of Deposit Taking Microfinance Institutions;    Savings and Credit Co-operatives (SACCOs) and the SACCOs Regulatory Authority;    Amendment of the Banking Act to allow Shariah-compliant banking products;    Licensing of Credit Reference Bureaus to facilitate credit information sharing;    Agent Banking for cost effective financial outreach.
Since we have seen commercial bank branch expansion by over 100 branches in three years, deposits have increased from KSh.800 billion on to KSh.1.01 trillion and accounts from 2.4m to 8.4m in the same period. The Rt. Hon.