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Bank Branches Reveal Wealthy and Poor Counties

Bank Branches Reveal Wealthy and Poor Counties
kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.

Rift Valley , Nairobi Area , John Gachora , Lafrasia Bank , Kenya National Bureau Of Statistics , Central Bank , Finaccess Household , Bank Ceos , Ambank House , Tana River , Kenya National Bureau , Africa Wealth , Mauritius Based Afrasia Bank , Access Household Survey , பிளவு பள்ளத்தாக்கு , நைரோபி பரப்பளவு , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , மைய வங்கி , வங்கி சிஇஓஎஸ் , டானா நதி , கேந்ய தேசிய பணியகம் , நுழைவு வீட்டு கணக்கெடுப்பு ,

Bank branches reveal wealthy, poor counties

Bank branches reveal wealthy, poor counties
SAM KIPLAGAT
More than half of Kenya’s bank branches are found in Nairobi, Mombasa and Kiambu, reflecting wealth and income inequality across Kenya’s 47 counties. Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets. Nairobi accounted for 39.5 percent of Kenya’s bank branches, reflecting the capital city’s economic dominance over the other 46 devolved units created in 2013 to address the wealth imbalance. Bank CEOs say the spread of banks is informed by cash flow and economic activity in the counties, signalling that the outlets are a bellwether of riches in the devolved units. The heavy concentration of branches in Nairobi indicates inequality in the country’s economic development, which has partly been attributed to the previous centralised system of government which guided sharing of resources since independence. The devolved ....

Rift Valley , Nairobi Area , John Gachora , Lafrasia Bank , Kenya National Bureau Of Statistics , Central Bank , Finaccess Household , Bank Ceos , Tana River , Kenya National Bureau , Africa Wealth , Mauritius Based Afrasia Bank , Access Household Survey , பிளவு பள்ளத்தாக்கு , நைரோபி பரப்பளவு , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , மைய வங்கி , வங்கி சிஇஓஎஸ் , டானா நதி , கேந்ய தேசிய பணியகம் , நுழைவு வீட்டு கணக்கெடுப்பு ,

Bank branches reveal wealthy, poor counties

Bank branches reveal wealthy, poor counties
Summary
Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets.
Nairobi accounted for 39.5 percent of Kenya’s bank branches, reflecting the capital city’s economic dominance over the other 46 devolved units created in 2013 to address the wealth imbalance.
Bank CEOs say the spread of banks is informed by cash flow and economic activity in the counties, signalling that the outlets are a bellwether of riches in the devolved units.
Tuesday July 06 2021
By TIMOTHY ODINGA
Summary
Central Bank of Kenya (CBK) data shows that the three counties have 794 branches or 53 percent Kenya’s 1,502 banking outlets. ....

Rift Valley , Nairobi Area , John Gachora , Lafrasia Bank , Kenya National Bureau Of Statistics , Central Bank , Finaccess Household , Bank Ceos , Tana River , Kenya National Bureau , Africa Wealth , Mauritius Based Afrasia Bank , Access Household Survey , பிளவு பள்ளத்தாக்கு , நைரோபி பரப்பளவு , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , மைய வங்கி , வங்கி சிஇஓஎஸ் , டானா நதி , கேந்ய தேசிய பணியகம் , நுழைவு வீட்டு கணக்கெடுப்பு ,

Central Bank pushes firms to cut mobile payment charges

THE STANDARD
By
Frankline Sunday |
December 29th 2020 at 00:00:00 GMT +0300
CBK Governor Patrick Njoroge at a past press briefing. [File, Standard]
The government is pushing for interoperability among digital financial service providers to encourage the adoption of cashless transactions.
This is according to the latest Central Bank of Kenya (CBK) policy document detailing new proposals that could significantly affect banks, mobile telecommunication firms and financial technology firms (fintechs) operating in the country.
“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only person to person (P2P) payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” explains the CBK in the draft report dubbed Kenya National Payments System 2021-2025. ....

Patrick Njoroge , Prasanta Das Sarma , Kenya National Bureau Of Statistics , Airtel Networks Kenya Ltd , Central Bank , Finaccess Household , Kenya National Payments System , Afro Asian Fintech Festival , National Payments System , Access Household Survey , Kenya National Bureau , Financial Sector Deepening , பேட்ரிக் ஞ்சோறொகே , பிரசாண்த தாஸ் சர்மா , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஏர்டெல் நெட்வொர்க்குகள் கேந்ய லிமிடெட் , மைய வங்கி , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு , தேசிய கொடுப்பனவுகள் அமைப்பு , நுழைவு வீட்டு கணக்கெடுப்பு , கேந்ய தேசிய பணியகம் , நிதி துறை ஆழப்படுத்துதல் ,