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{
    "id": 1254159,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254159/?format=api",
    "text_counter": 110,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary, National Treasury and Economic Planning",
    "speaker": null,
    "content": "In an effort to transform Kenya’s financial markets, CBK will soon launch the upgraded Central Securities Depository Code, named Dhow CSD. The upgraded CSD will improve financial market liquidity and enhance operational efficiency in the domestic debt market, further promoting market deepening and broadening financial inclusion through expansion of digital access and positioning Kenya as the preferred financial hub in the region. The CDS will also scale up services to the public, market participants and support diaspora investors via a versatile and highly scalable digital solution with a capacity to deliver seamless investor experience and convenience. Hon. Speaker, since the launch of the National Payments Strategy 2022-2025 in February 2022, the Central Bank has implemented major initiatives to improve quality, access and affordability of payment services to Kenyans. These include implementation of mobile money interoperability, licensing of new payment service providers, and rollout of key standards that increase convenience of payment services in line with global best practice. Building on these gains, in the Financial Year 2023/24, the Central Bank together with other stakeholders will: 1. Undertake a comprehensive review of the National Payment System Act, 2011 and National Payment System Regulations, 2014 to modernise Kenya’s payments legal and regulatory framework in line with emerging trends, innovations and enhance oversight for improved service delivery to Kenyans; The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}