We are also closely monitoring the impact of the recent elections in the U.S. on trade given that the U.S. accounts for about 7 percent of Kenya’s total exports; largely through the African Growth and Opportunity Act (AGOA) framework.
Before I conclude, I would like to reiterate that the CBK is strengthening the banking sector to ensure greater transparency and stronger governance, and also to promote effective business models and innovation. As you may be aware, the financial sector continues to support the transformation of our economy, and to contribute to economic growth.