NAIROBI, Kenya, Mar 10 – The Kenya Bankers Association(KBA) has today signed a collaboration agreement with the Law Society of Kenya(Nairobi Branch), seeking to deepen financial inclusion through legislative, regulatory, and policy cooperation.
memorandum of Understanding further aims to further entrench best practices in services provided between the banking industry and the legal practitioners.
In the partnership, KBA will work closely with LSK Nairobi Branch to spearhead financial inclusion and capacity-building initiatives aimed at promoting best practices in proposed laws, regulations, and policies affecting the banking public and related stakeholders.
In addition, the two organizations will partner towards promoting financial inclusion through activities designed to facilitate access to affordable financial services.
Speaking during the signing of the agreement, KBA Chief Executive Officer Dr. Habil Olaka said the agreement will promote the delivery of efficient banking services in Kenya through knowledge-sharing programs and initiatives that will be organized by the two institutions.
“This partnership will further focus on research and knowledge-sharing activities, which will supplement the research initiatives that continue to be spearheaded by the Association’s Centre for Research Financial on Markets and Policy. In this regard, the collaboration will certainly augment KBA’s and member banks’ knowledge base in engagements with diverse stakeholders from a legal and compliance perspective,’’ Dr. Olaka added.