Kenya Banking and Finance Tenders

The Kenyan banking and finance market is one of the most dynamic and rapidly growing in Africa. The sector is characterized by a strong presence of both domestic and international players, a growing adoption of technology, and a focus on financial inclusion. Key figures for the Kenyan banking and finance market include:
Total assets: KES 5.6 trillion (US$55 billion) as of Q1 2023
Credit to the private sector: KES 4.1 trillion (US$40 billion) as of Q1 2023
Non-performing loans (NPLs): 5.8% as of Q1 2023
Financial inclusion: 84% of adults have access to financial services

The Kenyan government is a major purchaser of banking and finance products and services. In 2022, the government spent KES 100 billion (US$1 billion) on banking and finance procurement. The top categories of procurement were:
Financial services: KES 40 billion (US$400 million)
Information technology (IT) services: KES 30 billion (US$300 million)
Professional services: KES 20 billion (US$200 million)
Equipment and supplies: KES 10 billion (US$100 million)

The main banking and finance products and services procured by the Kenyan government include:
Commercial banking services: These services include account management, loans, deposits, and trade finance.
Investment banking services: These services include underwriting, mergers and acquisitions (M&A), and asset management.
Insurance services: These services include life, health, property, and liability insurance.
Pension services: These services include the management of pension funds and the provision of pension benefits.

The top authorities for Kenya banking and finance procurement are:
The Public Procurement and Asset Disposal Act (PPADA): This Act provides the legal framework for government procurement in Kenya.
The Public Procurement Oversight Authority (PPOA): This Authority is responsible for overseeing the implementation of the PPADA.
The National Treasury: This department is responsible for setting procurement policies and procedures for the government.

The top winners of Kenya banking and finance procurement include:
Commercial banks: Equity Bank, Kenya Commercial Bank, Barclays Bank of Kenya, Diamond Trust Bank, Cooperative Bank, Central Bank of Africa, and Standard Chartered
Investment banks: KCB Capital, Co-operative Bank Investment Banking, Equity Bank Investment Bank, and Renaissance Capital East Africa
Insurance companies: Britam, Jubilee Insurance, Coop Bank Insurance, and UAP Old Mutual Insurance
Pension funds: National Social Security Fund (NSSF), Retirement Benefits Authority (RBA), and Zamara Retirement Fund

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