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Financial Sector Overview

Kenya officially the Republic of Kenya, is a country in Africa with its capital and largest city in Nairobi. Kenya's territory lies on the equator and overlies the East African Rift, covering a diverse and expansive terrain that extends roughly from Lake Victoria to Lake Turkana (formerly called Lake Rudolf) and further south-east to the Indian Ocean.

It is bordered by Tanzania to the south and south-west, Uganda to the west, South Sudan to the north-west, Ethiopia to the north and Somalia to the north-east. Kenya covers 581,309 km2 (224,445 sq mi) has a population of approximately 48 million. Kenya's capital and largest city is Nairobi, while its oldest city and first capital is the coastal city of Mombasa. Kisumu City is the third largest city and a critical inland port at Lake Victoria. Other important urban centres include Nakuru and Eldoret.

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At a Glance

Source
Population in thousands (2017): 49,699.86
GDP per capita (current US$) 2017 - World Average 10,721.61: 1,594.83
Account (%) age 15+) - (2014 vs 2017): 75% | 82%
Agriculture Orientation Index - Credit (Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.13 | 0.12
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 40.3
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 69% | 79%
Remittances % of GDP for 2017: 0.024
Mortgage Interest Rate / Mortgage Term (years): 13.46% | 25

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Latest News & Events

Jun 17, 2019 | The EastAfrican; All Africa
Smallholder agribusinesses in the region could gain easier access to credit after the European Un
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Jun
Jun 25, 2019
Nairobi, Kenya
This three-day international forum aims to confront the most pressing financial inclusion question of the day: How we promote inclusion and trust in…

Latest Publications

May 11, 2019 | G. Murthy, M. Fernandez-Vidal, X. Faz et al. | CGAP
May 11, 2019 | G. Murthy, M. Fernandez-Vidal | CGAP
Nov 30, 2018 | R.H. Mynhardt, J. Marx | Journal of Economic and Financial Sciences
Oct 31, 2018 | M. Kaffenberger, E. Totolo, M. Soursourian | CGAP
Oct 08, 2018 | Global Financial Integrity | Global Financial Integrity
Sep 30, 2018 | Financial Sector Regulators Forum | Financial Sector Regulators Forum