While our exports are still dominated by primary goods and tourism, technology is now New Zealand’s third largest export sector, with exports growing 11% to $ and venture capital funding nearly tripling since 2016.10 Speaking to exporters through the course of last year, I was struck by how many remained upbeat about the opportunities for their own businesses, despite the global environment and trade tensions.
This is part of CBK efforts towards intentionally developing an all-inclusive financial system that reduces the impediments to accessing finance for majority of Kenyans. The operationalisation of the Microfinance Act in 2008 and subsequent amendments over the years point to game changing efforts to providing an enabling environment for microfinance banks to grow and develop.