Risk management booms in sub-Saharan Africa
A surge of risk management development in Kenya is reflective of a "growing awareness" of the importance of the discipline, says Mike Finlay, chief executive at RiskBusiness International.
The Central Bank of Kenya (CBK) recently reported that more than 90% of banks in the country were reporting reduced losses as a result of increased risk management and that almost all claimed risk awareness had increased at their institutions.
In a survey of banks and mortgage institutions in Kenya, the CBK
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