Sunday , 17 December 2017

Home » Banking & Finance » Bank CEOs Chat on Women in Business, SMEs and Islamic Banking

Bank CEOs Chat on Women in Business, SMEs and Islamic Banking

by: Category: Banking & Finance, East Africa, Industry A+ / A-

By Steve Umidha

The Kenya’s banking industry has experienced tremendous changes in the last decade, leading to enhanced financial inclusion and efficiency.

Harnessed small and medium-sized enterprises (SME) engagement practices and policies have lived up to the global trends of convenience and alternative banking models.

These developments are therefore expected to form the focus for the upcoming banking industry “CEO Chat” discussion that will be hosted by bank CEOs: Mwangi Githaiga (Kenya Women Microfinance Bank); Tim Gitonga (Equatorial Commercial Bank); and Fazal Mehmood Saib (First Community Bank).

“My Chat with a Bank CEO” (CEO Chat) is a month-long, Kenya Bankers Association (KBA) live Web quarterly event during which bank chief executives host online sessions, giving their views as well as both seeking and giving advice on the various topics based on bank customer feedback.

Mwangi Githaiga, Kenya Women Microfinance Bank (KWFT) CEO, will host the first session, focusing on women in business on Friday, 18th May 2016 at 10am to 11am.

The discussion will centre on the role of the banking industry in Kenya in enabling through product innovation and policies access to finance for women entrepreneurs and business owners; and how banks are building the business case for equal economic opportunities for both men and women.

On Friday 27th May 2016, Tim Gitonga, Equatorial Commercial Bank (ECB) chief executive, will host a session on building capacity of SMEs.

The national economic development prospects of any country are hinged on the entrepreneurial energy of a vibrant SME sector. Supporting SME growth and competitiveness is, therefore, central to the banking industry’s sustainability strategy.

Banks have a holistic approach to enhance SME competitiveness that offers solutions to address key challenges SMEs face. Key to enhancing development of SMEs is access to markets and access to finance.

First Community Bank CEO, Fazal Saib, will round-up the quarter with a discussion on understanding Islamic Banking on Friday 3rd June 2016.

Islamic Banking has grown rapidly across several regions and is systemically important in key economies. Indeed, the Islamic Banking sector has expanded globally by over 15 percent per annum during the last five years and its assets are estimated to exceed US$1.5 trillion.

Moreover, while Islamic Banking is particularly large in many Muslim countries (and systemic in many countries including Iran, Sudan, Saudi Arabia, Kuwait and Qatar), there is an increasing interest in Islamic finance in non-Muslim countries like Kenya.

According to the KBA CEO Habil Olaka, social media is an integral part of the banking industry communication strategy and customer engagement approach.

KBA has been a champion of social media within the banking industry. In 2012, the industry umbrella body debuted the CEO Chat as the first-ever dialogue which saw bank CEOs interact with “mwanainchi” on topical issues via social media. Through KBA’s efforts, today most banks engage regularly with customers via social media platforms.

“We continue to engage our stakeholders on social media to get a feel for what the banking public are saying about the industry as well as to clarify our position and there’s no better way to sound more human, and accessible, than for CEOs to be talking on social media,” said Olaka.

1,368 total views, 2 views today

Comments

Related Posts Plugin for WordPress, Blogger...
Bank CEOs Chat on Women in Business, SMEs and Islamic Banking Reviewed by on . By Steve Umidha The Kenya’s banking industry has experienced tremendous changes in the last decade, leading to enhanced financial inclusion and efficiency. Harn By Steve Umidha The Kenya’s banking industry has experienced tremendous changes in the last decade, leading to enhanced financial inclusion and efficiency. Harn Rating: 0

About Admin

Business Journalist since 2009, has worked for Financial Post, Standard Media Group, Business Journal and People Daily.

Chief Editor at The African Business Fortune Magazine.

Email: umidhasteve@gmail.com
Cell: 0726879488

scroll to top

Subscribe to our latest updates

Signup for our newsletter and get notified when we publish new articles for free!




Social Media Auto Publish Powered By : XYZScripts.com
Read previous post:
Broadway Bakery launches countrywide ‘sugar free’ campaign

Broadway Bakery has launched a countrywide campaign calling on Kenyans to quit sugar habits in a drive the bakery has...

Close