East Africa

East Africa Program Overview

FSVC East Africa Program Key Indicators: 2005-2012
Years Since Inception	7
Projects Completed	6
Number of Volunteers	15
Pro Bono Hours Delivered	1,489

In partnership with the U.S. Agency for International Development (USAID) and the Open Society Foundation, in October 2011 FSVC began a three-year program to promote regional financial sector deepening and integration among the five members of the East African Community (EAC). To promote transparency, financial inclusion, and economic justice in the EAC, FSVC delivers technical assistance that brings regional counterparts together. Assessments and workshops focus on internal/cross-border banking supervision, microfinance, anti-money laundering and combating the financing of terrorism (AML/CFT), and capital markets development, among others. FSVC collaborates with the EAC Secretariat and the member states' relevant stakeholders on this program.

Central Bank of Kenya Governor Njuguna Ndung'u addresses a conference as FSVC volunteer expert Julia Mold looks on.

From 2011-2012 FSVC partnered with the Bill & Melinda Gates Foundation to focus on the linkages between AML/CFT and financial inclusion. FSVC delivered an assessment of the challenges that must be overcome to develop a framework for AML/CFT in Kenya that is both effective and compatible with the objectives of financial inclusion. The resulting report provided “lessons learned” from the Kenyan experience, which creates a basis for applying appropriate remedies in Kenya and other emerging market countries. Following this program, beginning in early 2012 until 203, FSVC is providing technical assistance to the Central Bank of Kenya to strengthen their AML/CFT regulations and enforcement. The program, which is being supported by the U.S. Department of State, will expand in to Uganda and Tanzania in 2013.

In the links below, visitors can view FSVC's most recent Success Stories and News Items concerning East Africa:

- News Item: FSVC Receives $1.5 million to Support Regional Financial Integration within the East African Community (July, 2011)

- Success Story:

Participation in FDIC AML Bank Examination (November 2012)

Workshop on Risk-Based Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Supervision (May 2012)

Consultations on Insurance and Pensions in East African Community (April 2012)

Consultation on Collateralized Lending for Female-owned SMEs (April, 2012)

Office Contact

Silas Karuku, Regional Director
Consolidated Bank House
Koinange Street
00800 Nairobi, Kenya
skaruku@fsvc.org

Languages