President of Kenya Highlights Blockchain as a Key Component of Collaboration During the Afro Asia Fintech Festival 2019

The President of Kenya, Uhuru Kenyatta, has highlighted blockchain as a key aspect of collaboration between the government of Singapore and the government of Kenya during the Afro-Asia Fintech Festival 2019 which took place in Nairobi, Kenya.

In a speech at the festival, the president touched on key areas where the collaboration between the Central Bank of Kenya and the Monetary Authority of Singapore, which is the Central Bank of Singapore, would immediately be implemented.

As highlighted by the president, the signing of the Memorandum of Understanding between the two governmental bodies sets for foundation for joint innovation projects on the application of key emerging technologies in the following areas:

The president also highlighted the M-PESA innovation, the Stawi loan product for MSMEs, and the Digital Technology Blueprint which as a template for other African nations which was launched in Kigali, Rwanda.