Findings of the 2016 FinAccess household survey were presented on 18^th February 2016 at an event in Nairobi graced by Sheila M'Mbijjiwe, Deputy Governor of the CBK, Lisa Phillips, Head of DFID Kenya and Zachary Mwangi, Director General of KNBS. The 2016 survey revealed that over three-quarters (75.3%) of Kenyans are now formally included, a 50% increase in the last decade. Financial exclusion, which is now down to 17.4%, has more than halved since 2006.

FSD Kenya commissioned this book as an invitation to scholars to dig more deeply into the data that have been collected over the past ten years by FSD and its partners. While a wealth of data exists on Kenya’s financial markets, our understanding of market drivers and their development impacts is still limited. This book takes a more critical look at the financial landscape, highlighting constraints to infrastructural expansion, effects of market structure, demand-side drivers of uptake and usage, as well as the implications of financial sector development for poverty and growth.