The choice of the content of some of these boxes and articles has been motivated by the financial market developments over the past few months. In my presentation, I will first devote some time to the ongoing financial market turmoil.
As is well recognized, Kenya has leveraged mobile phone technology and made remarkable strides in financial inclusion. There are currently 38.3 million mobile phone subscribers in Kenya. This has allowed access to formal financial services to grow from 26 percent in 2006 to over 75 percent currently.