High-Level Stakeholder Governance Meeting

On Wednesday, 15th October 2025, the Kenya Deposit Insurance Corporation (KDIC), led by Chief Executive Officer Mrs. Hellen Chepkwony and Director of Deposit Insurance and Bank Surveillance (DIBS), Paul Manga, participated in a high-level Stakeholder Governance Meeting organized by the Institute of Certified Secretaries (ICS).

The meeting brought together Chairpersons, Vice-Chairpersons and CEOs of institutions across Kenya to discuss effective leadership, governance, and financial stewardship in a dynamic economic environment.

During the session, Mrs. Chepkwony delivered an insightful presentation on KDIC’s pivotal role in promoting financial stability and public confidence within Kenya’s banking system. She outlined the Corporation’s core mandate to provide deposit insurance for member institutions, protect depositors from losses in the event of bank failures, and support the stability of the financial sector.

She highlighted KDIC’s strong legislative framework under the Kenya Deposit Insurance Act, which empowers the Corporation to administer deposit insurance schemes and resolve troubled banks promptly. This framework enhances public confidence by ensuring the timely reimbursement of insured deposits, currently covering up to Ksh. 500,000 per depositor, thereby safeguarding the interests of small and vulnerable depositors.

Mrs. Chepkwony also shared key milestones in the growth and prudent management of the Deposit Insurance Fund, which continues to strengthen KDIC’s ability to respond effectively to potential banking crises. Through sound risk management and timely resolution strategies, KDIC has played a central role in building the resilience of Kenya’s financial system.

She further discussed KDIC’s strategic initiatives including the Single Customer View (SCV) framework, which will enhance the accuracy and speed of depositor reimbursements, and ongoing organizational development programs that promote professionalism, integrity, innovation, and teamwork within the Corporation.

In a lively Q&A session, Mrs. Chepkwony and Paul Manga engaged participants on key issues affecting the financial sector, emphasizing the need for continued collaboration among regulators, corporate leaders, and stakeholders to strengthen governance and safeguard economic stability.

Through this engagement, we reiterated our steadfast commitment to protecting depositor funds, promoting financial inclusion, and building public trust in alignment with Kenya’s broader economic vision of sustainable growth and stability.