A robust legal and regulatory framework for the banking sector in Kenya is part of the reform package that is intended to ensure a suitable environment for safe and sound banking. Ladies and Gentlemen, Before I conclude, please allow me to pose a few challenges for the regional Institutes of Bankers.
First, as you are well aware, microfinance is the provision of financial services to low income people and enterprises. The microfinance industry in our region has experienced major transformations over the past twenty years, growing from a fledgling concern dominated by a few donor and church-based NGOs to a vibrant industry increasingly driven by commercial viability and sustainability.