Since then, the country amended its laws, introduced the Terrorist Financing Law and established the Financial Reporting Centre. For KIB and Kenyan banks, it means it is easier for correspondence bank facilities, easier to negotiate competitive rates for international credit lines and above all, the credit and risk rating for the country is now positively enhanced.
These are the issues KIB should take on board to see the prospects of the financial sector development in line with the government growth agenda. With these remarks, it is now my pleasure – on behalf of the Cabinet Secretary to The National Treasury, Hon. Henry Rotich – to declare the 2nd KIB National Banking and Finance Conference, officially open.