The Kenyan’s economy adjustment post COVID 19 has been characterized by mixed performance. The government policies geared towards entrenching recovery and subsequently sustained growth have had to contend with both local and external shocks. The state of the economy therefore present challenges and opportunities that businesses and households have to bear. Jared offers perspective on the state of the nation economy, unpacking dimensions to be bone in mind in appreciating how the prevailing macroeconomic environment will influence business objectives.

Managing Director Sitoyo Lopokoiyit will explore M-PESA's transformative journey in Africa's financial landscape in this crucial keynote. The company's growth to over 56 million active users and $360 billion in transactions reveals not just a business success story, but a model for financial inclusion across seven African countries. While the global FinTech ecosystem offers its own sets of challenges and opportunities, Lopokoiyit will break down how M-PESA navigates these complexities to foster inclusive growth. From trust as the linchpin in FinTech operations to the impact of mobile financial services on GDP in developing markets, this session offers a comprehensive insight into factors that are shaping FinTech in Africa.

As of Q2 2023, 41% of Kenyan households were earning less than they planned, highlighting an urgent need to assess their financial well-being. This presentation will offer a detailed analysis focusing on three areas: changes in household income, how people are handling expenses and debt and their financial plans for the coming months. Using sentiment analysis, we'll project potential credit risks linked to Kenyan consumers to provide a detailed view of Kenyans financial status — especially concerning credit risk. This will equip financial institutions and policymakers with the insights needed to effectively manage and reduce risks.

This focused discussion will delve into accelerated digital transformation, emphasising its crucial role in financial inclusion. With recent statistics revealing high rates of fraud targeting Kenyan consumers, Reddy will argue for a balanced approach to customer experience and fraud prevention. Highlighting the operational and growth benefits of digital automation, the session will also explore case studies from emerging economies to offer actionable insights for Kenya.

Panellists:

• Angela Mwirigi, Director, Digital Financial Services, KCB Group
• Evah Kimani, Director, Partnerships & Digital, Britam
• James N. N. Mugo, Group Director, Loop DFS (a Fintech Subsidiary of NCBA Group PLC)
• Mumbi Annstella - General Manager, Tala

This panel discussion will explore the transformative power of FinTechs in achieving financial inclusion in Kenya. We'll evaluate the latest advancements in policy, regulation and digital solutions, discussing their roles in facilitating access for underserved populations and small businesses. Panellists will address the challenges digital finance providers encounter and underscore the importance of robust institutional frameworks for digital venture success. The conversation will also touch on the impact of digital finance on SMEs and sustainable consumer spending.

In this session, Lee Naik will outline the vast opportunities for growth when leveraging a clearly defined financial inclusion strategy. With a young, dynamic population and improving life expectancy, Africa — and Kenya in particular — offers untapped potential for risk-aligned, sustainable growth. This session will crystallise how strategic focus and committed efforts toward financial inclusion can unlock this potential and provide a pathway to a more inclusive and prosperous future for all. Attendees will walk away with valuable insights for leveraging this unique demographic advantage.