You will  2  BIS Review 139/2007  agree with me that a sound financial system is indeed a catalyst for the high economic growth that the country needs to move to new development frontiers. Let me also salute the commercial banks for the various innovative niche products introduced during the year.
It is only through such new products that we can counter the “negative innovation” that saw the proliferation of pyramid schemes in 2007. At the CBK, we are consulting with other market players including the banking sector with a view to conducting sensitization and awareness programmes to enlighten Kenyans about these unscrupulous schemes.