1st Edition

Commercial Banking in Kenya A History from Colonisation to Digital Age

By Christian Velasco Copyright 2025
192 Pages 6 B/W Illustrations
by Routledge

192 Pages 6 B/W Illustrations
by Routledge

192 Pages 6 B/W Illustrations
by Routledge

This book investigates the impact of commercial banks in Kenya right through from their origins, to their role during the colonial period, the process of adaptation following independence, and up to their responses to new challenges and economic policies in the twenty-first century. The British colonisation of East Africa required the development of diverse political, social and economic... Read more

Introduction

1. Commercial Banks as Colonial Enterprises

2. Commercial Banks in the Era of African Independence

3. The Standing Colony: The Commercial Banks between Pacification and Independence

4. Creating a Kenyan Banking System

5. The Banks at the End of Colonial Kenya: Deconstruction and Adaptation

6. From Commercial Banks to Fintech: Kenyan Financial Institutions since 1970

Final Remarks

Biography

Christian Velasco is Professor/Researcher of International History, in the Department of History at the Centro de Investigación y Docencia Económicas (CIDE), Mexico. He is also an associate professor of economic history in the Faculty of Economics at the Universidad Nacional Autónoma de México, (UNAM).

This is an important and original book on the hitherto little studied, but critically significant subject of banking.  Christian Velasco has written an illuminating book that promises to make us think differently about colonialism and decolonisation in Kenya.

Daniel Branch, University of Warwick, UK

Velasco’s is the first book that directly addresses the transition of commercial banking in a country that has become a reference, specifically thanks to the huge success of Mpesa to alleviate financial inclusion.
This offers a window in to the broader issue of how capitalism arrived and evolved in Sub-sharan Africa.  A detailed and well-documented story that will be of interest to scholars and practitioners alike.

 Bernardo Batiz-LazoNorthumbria University, UK & Universidad Anahuac, Mexico