KIPPRA signed an MoU with the Kenya Deposit Insurance Corporation (KDIC) on 27th September. The agreement is aimed at promoting partnership and collaboration between the two institutions on areas of mutual interest such as research and capacity building.
During the signing ceremony, which was held at the KDIC offices, KIPPRA Executive Director Dr Rose Ngugi expressed the Institute’s commitment in building institutional and individual capacity in public policy research and analysis.
Welcoming the new partnership, the KDIC Chief Executive Officer Mr Mohamud Ahmed Mohamud, emphasized the importance of research in promoting the safety of bank deposits in Kenya.
The two heads praised their institutions’ work and recognition on the global and regional platforms with Dr Ngugi noting that KIPPRA had this year been ranked the number two think tank in Sub-Saharan by the Global Go-To Think Tanks Index Report. Mr Mohamud, on his part, indicated that he had recently been elected the chairman and president of the African Regional Committee (ARC) of the International Association of Deposit Insurers (IADI).
Dr Ngugi also highlighted KIPPRA’s recent collaboration with the Brookings Institution and its role in the upcoming T-20 Summit, saying it was important to find space at the table where policy issues affecting the African continent were being discussed.