Kenya’s financial inclusion rate passes 80%
Mobile banking has helped inclusion rates increase by over 200% over the last 13 years
Since 2006, access to financial services in Kenya has increased by over 200%, according to a report published by the country’s central bank.
In 2019, the Central Bank of Kenya launched the FinAccess Household Survey, in collaboration with the Kenya National Bureau of Statistics and Financial Sector Deepening Kenya – a financial inclusion organisation.
“Formal financial inclusion has risen to 82.9%, up from 26.7% in 2006, while complete exclusion has narrowed to 11% from 41.3% in 2006,” the
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