Money in Kenya changed significantly over the years in the colonial era. And with these changes came the establishment of financial institutions that would accept monetary deposits and create a demand deposits. It’s no doubt that the first banks were set up to accommodate members of the colonial administration and European settlers, but as money became a commodity, more financial institutions came to be – a sign that there was demand. The questions that then come to mind are… what were the names of these institutions? What were the stories surrounding or in the lead up to their establishment? Subsequent questions have to do with when and how we came to trust banks… and who the pioneer Kenyans in banking were. For these reasons and to answer these questions, we have once again visited various archives. We now introduce you to a story collection titled #HistoryOfBanking.
