Record Details

Financial Deepening And Economic Competitiveness In Kenya: The Strides To Being An Economic Power House

International Journal of Management and Information Technology

View Archive Info
 
 
Field Value
 
Title Financial Deepening And Economic Competitiveness In Kenya: The Strides To Being An Economic Power House
 
Creator Wycliffe, Muli
Jonathan, Mulwa
Tabby, Goko
Ruth, Ngunjiri
Kitheka, Samson
 
Subject Financial Deepening; Economic Competitiveness; Kenya
 
Description Economists have long held the view that financial deepening and economic development are closely intertwined. Kenya’s development blue print, Vision 2030, is anchored on this belief and aims to create a vibrant, globally competitive financial sector, envisioning  Kenya as a leading financial centre in Eastern and Southern Africa. Using descriptive survey design, this study investigated the state of financial deepening in Kenya and how this enhances the country’s economic competitiveness. Data was collected from a key informant in the  four largest banks by asset base that have subsidiaries/branches in other East African countries using a structured questionnaire. It focused on Mobile banking, Agency banking and credit referencing as indicators of financial deepening and established that Kenya has made remarkable strides in financial deepening, which has enhanced the country’s competitiveness through wider access of financial services, reduced operation and transaction costs, product diversification, superior customer experience and reduced loan default rates.
 
Publisher CIRWORLD
 
Date 2011-08-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://cirworld.com/index.php/ijmit/article/view/737
 
Source INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY; Vol 6 No 2; 817-825
2278-5612
 
Language eng
 
Relation https://cirworld.com/index.php/ijmit/article/view/737/719
 
Rights Copyright (c) 2013 INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY
http://creativecommons.org/licenses/by/4.0