In addition, the risk capital that was available from markets is no longer there to the same extent. The intermediaries have found substantial capital over recent months. By curtailing share repurchases and reducing dividends, several intermediaries have generated some of the necessary capital internally. More crucial has been the fresh capital raised though selling stakes in their businesses to individuals, institutions and governments.
•  Third, to uncover some practical insights on the model, a team from the Central Bank, the Ministry of Finance and the Kenya Bankers Association undertook a knowledge exchange tour of Brazil and Colombia. These two countries have to a large extent successfully implemented Agent Banking.