The finance of Kenya is related integrally to the economy of this African country. The fiscal policy of the current Kenyan government can be divided into three major groups. Expansionary fiscal policy, contractionary fiscal policy and neutral fiscal policy are the three policies. The Kenyan economy had gone through a golden period after it achieved its independence. It must be mentioned that Kenyan economy is one of the most booming economies in all of Africa. The finance of Kenya stands on the pedestal of two main institutions the Nairobi stock exchange and the banks of Kenya.
Some of the eminent banks of Kenya are:
- Kenya Commercial Bank
- Fina Bank Limited
- Commercial Bank of Africa
- Barclays Bank of Kenya
- Delphis Bank
- Investment and Mortgage Bank Limited
- National Bank of Kenya
- Standard Chartered Bank
There are both government controlled and private banks in Kenya. The Nairobi stock exchange which is one of the major bases of finance of Kenya is also one of the largest in Africa. The Nairobi Stock exchange was established in the year 1954 when Kenya was still under colonial rule. The changes in the financial condition of Kenya took place in the last decade of 20th century when the economy of the country was liberalized. Apart from the banks there are also many financial institutions in Kenya. Insurance companies of Kenya are also a very important finance unit of Kenya.
