7 December, Nairobi, Kenya
Pan-African Banks on The Rise
What does the rise of pan-African banks mean for Kenya and other African countries? What do new research findings on these indigenous banks mean for bank managers, private sector practitioners and financial sector regulators?
Central Bank of Kenya (CBK)
Centre for Global Finance,
SOAS University of London
Aim and Scope:
Pan-African banks are on the rise. The rapid expansion of these indigenous banks is so phenomenal that Pan-African banks have succeeded to dislodge some well-entrenched European and American banks, which had been very active in the continent for more than five decades.
A team of 20 CGF researchers from Africa, Europe and North America have been looking into the rise of pan-Africa banks and related issues, as part of a research project funded by DFID and ESRC under the DFID-ESRC Growth Research Programme (DEGRP), ES/N013344/2. Their findings provide the material for this symposium.
The symposium will bring together key stakeholders who have important roles to play in shaping the developments of the financial system, industry, commerce, especially the private in Kenya, in light of the rise of Pan-African banks. These stakeholders include bank managers, banking sector regulators, private sector practitioners and researchers.
In addition, symposium participants will also use the opportunity to shape current and future research on Pan-African banks, from the perspective of Kenya. For example, does the rise of Pan-African banks translate into an increase in firms’ access to finance – if not, what should be done, in terms of policy and practice? How do different types of private capital flows affect productivity across the different recipient sectors (agriculture, trade, infrastructure, services, extractives, construction, manufacturing and tourism) in Kenya or in Africa? How do fixed and mobile telecommunications and mobile money contribute to economic growth, human development and financial inclusion in African countries, especially in Kenya? Does microcredit increase hope, aspirations and well-being?
Symposium participants from the banking industry, private sector practitioners, and bank regulators will question the research findings in the light of the main pressing issues in the financial sector in Kenya and in many African countries.