Sanni was speaking to 31 local companies that are on the investment mission to Kenya.

Both South Africa and Kenya are renowned for the soundness and advances made in their financial services sector, particularly in the banking sectors.

Pairing the strengths of Kenya in mobile money transfer (M-PESA) with South Africa’s large pool of the unbanked can help catapult the latter’s fledgling industry in this subsector.

“On the other hand, South Africa’s expertise in the development of capital equipment, deep mining technologies and manufacturing can be exchanged between the businesspeople to stimulate the optimal, responsible and sustainable use of Kenya’s new found mineral resources,” said Sanni.

Available: http://www.sanews.gov.za/business/sa-kenya-financial-sector-cooperation