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Liquidity management (to Peter Njuguna)

[Question from Baboucarr Jeng]

Thank you Peter for the presentation. What would be the relationship between the Liquidity management as shared service to the SACCO Central Finance Facility?

  • There is no relationship at the moment. The Sacco shared technology platform as conceived is an enabler for a range of services including shared CBS, risk management, liquidity pooling etc all of which will be under some form of regulatory oversight to ensure the shared services platform promote financial stability of the Saccos in addition to the developmental goal. However, it is expected that as the concept is pursued and implemented, existing services in the industry will align appropriately for greater efficiency.