KWFT takes great pleasure to have emerged a winner in the annual Catalyst Awards 2017. The awards themed “Recognizing Catalytic Finance that Impacts Industry, economy and society” was launched in 2016 to honour institutions that have embedded the industry’s Sustainable Finance Guiding principles in their core operations and lending practices.
The awards ceremony was hosted by The Kenya Bankers Association (KBA), on 6th February 2018 at the Hilton Hotel in Nairobi. Present during the ceremony were various Banks, Fintechs and other key financial sector players.
During the event, Dr. Habil Olaka, CEO KBA said that “Through the integration of sustainability issues directly into our core business, we can fundamentally contribute to job creation and social inclusion, thus helping the society to address challenges such as economic inequity”.
The event was also graced by the Kenya National Treasury Director General Dr. Geoffrey Mwau, who highlighted the policies that the government has put in place to encourage players to innovate, scale up and support climate change-resilient investments. He added that the National Treasury in their Draft 2018/2019 Budget Policy Statement has indicated that it will help accelerate the uptake of new financial instruments such as green bonds to advance the green economy development agenda.
The Catalyst Awards had 33 entries which were submitted by 14 financial institutions and Fintechs. After a meticulous and highly competitive judging exercise, KWFT was acknowledged and received a prestigious award In: Best Practice in Sustainable Finance Category – (Tier 2 Bank)
KWFT shall continue to research, innovate and develop competitive products and services in line with embracing the Sustainable Financing Initiatives (SFI) to achieve all our business goals.