In 2011 and 2013 respectively, the first and second credit information sharing (CIS) regional conferences were held in Nairobi to help create awareness on the developments of CIS in Kenya and the region. The first, under the theme Up-scaling the Credit Markets in East Africa, was informed by the increasing recognition of the need to improve credit markets and enhance credit reporting systems throughout the EAC. The second, whose focus was Unlocking Access to Affordable Credit, was informed by the progress made by the various EAC states in rolling out their CIS mechanisms. Over the years, these CIS conferences have evolved into unique platform to inform and influence the CIS agenda within the EAC and beyond.
The 3rd Regional CIS Conference
Credit systems can be improved to enhance access to credit. Upcoming innovations that seek to accomplish this phenomenon have inspired the 3rd Regional CIS Conference, whose theme is - "CIS for Innovation and Financial Inclusion - Mikopo Kisasa!" Translated from Swahili, "Mikopo Kisasa" means "Contemporary Lending Approaches". The conference will be held on Tuesday 23rd and Wednesday 24th of February 2016 at the Hilton Hotel, Nairobi, Kenya. CIS Kenya shall play host to 300 executive delegates representing various segments of credit markets from the EAC Region and beyond. The event will be followed by the Nairobi Business Community Summit, on 25th and 26th February 2016, at the same venue, providing half day sensitisation on CIS to 400 bank staff and credit consumers respectively on each day. The events will have an interesting and informative agenda that will be facilitated by renowned global experts who will share insights on fundamental aspects of CIS that stand vital in managing credit risk.
- Enlighten Credit Consumers on benefits of creating and maintaining a good credit history;
- Make policy recommendations on consolidated legislation of CIS;
- Foster commitment of credit providers using CIS for product innovation;
- Lay a foundation for the implementation of cross-border data sharing amongst EAC credit markets;
- Articulate the value of self-regulation for improved data accuracy; and
- Appreciate modalities of using Alternative Dispute Resolution avenues for resolving CIS-related disputes;