CS Treasury John Mbadi Encourages Banks to Lower Lending Rates

Cabinet Secretary for Treasury John Mbadi has been impressed by milestones made on Kenya’s financial landscape, saying it is making right steps in financial inclusion. This step, he attributes to set financial policies that have reshaped accessibility to financial services.

“I appreciated how Kenya’s financial landscape has continued to evolve, making significant strides in financial inclusion, because of policies that have reshaped how Kenyans access financial services,” read a part of his social media statement, hours after presiding over the launch of The 2024 Financial Inclusion(FINACESS) Household Survey Report, organized by the Central Bank of Kenya (CBK), at Safari Park Hotel, Nairobi.

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The CS, further encouraged the CBK to fast track their engagement with the commercial banks in a move aimed to lower the lending rates to allow more Kenyans to borrow money cheaply to enable them boost their small scale businesses.

He emphasized on the government’s agenda to improve people’s standard of living by ensuring there is proper cash flow among the citizens through putting more money into their pockets.

During the launch of the launch of The 2024 Financial Inclusion(FINACESS) Household Survey Report, the Governor of Central Bank of Kenya, Dr. Kamau Thugge, brought his presence as well as his Deputy, Dr. Susan Koech.

Others included the Director General, Kenya National Bureau of Statistics, Dr. Macdonald Obudho, The Chief Executive Officer, FSD Kenya, Ms. Tamara Cook, Chief Executive Officers among other honorary guests.