KDIC, KIPPRA ink MoU on Enhancing Empirical Research

The Kenya Deposit Insurance Corporation has signed a collaborative partnership with the Kenya Institute for Public Policy Research and Analysis (KIPPRA) aimed at enhancing the Corporation’s internal capacity on empirical research particularly around deposit insurance.  The move will see the two institutions jointly conduct research in areas of mutual interest, hold workshops to disseminate research findings and develop relevant policies.

Speaking when he hosted KIPPRA’s Executive Director Dr. Rose Ngugi, at the Corporation’s headquarters, Chief Executive Officer Mr. Mohamud A. Mohamud underscored the place of empirical research in achieving the Corporation’s mandate.

To a greater partnership....KDIC CEO Mr. Mohamud A. Mohamud & KIPPRA Exec. Director. Dr. Rose Ngugi put pen to paper during the signing of a collaborative MOU on empirical research between the two institutions. Looking on are KDIC’s Eunice Kitche,  Head of Legal (Left) and Caroline Mukiira, (Right)  Ag. Corporation Secretary, KIPPRA

Mr. Mohamud expressed the Corporation’s desire to pioneer empirical research in Deposit Insurance aimed at becoming a hub of knowledge in the region. “KDIC has an opportunity through this partnership to export knowledge to the world. DI is a consumer of research because much hasn’t been done. At IADI where I am a board member, one of our key deliverable  is research. As such we will work with KIPPRA to achieve such objectives,” said Mr. Mohamud.

                   This is it…..!Mr. Mohamud and Dr. Ngugi display copies of the signed MOU

On her part Dr. Ngugi observed that KDIC had a unique opportunity of enhancing depositors’ trust in Kenya’s banking system through Deposit Insurance. She added that: “With your mantra of ‘Zero Bank Failure in Kenya’ we may just see an increase as far as bank savings are concerned. I feel honoured and happy that you are evolving with multilateralism. You just don’t sign MoUs, I am sure that we are going to implement what we have committed to here today. You have the right partner is us.”

 Raring to go……The two leaders and their teams  pose for a group photo soon after signing the MOU

Present during the signing ceremony were KDIC’s General Managers David Irungu (Resolution) and Paul Manga (Risk and Examination). Others were Lawrence Shoona (Deputy General Manager, Strategy and Compliance) Eunice Kitche (Head of Legal and Board Secretary) and KIPPRA’S Dr. Eliud Moyi (Partnerships) and Caroline Mukiira (Ag Corporation Secretary)