Our Pivotal Role In The Industry
In advocating the formation of the Association, the regulator intended it to play a pivotal role in the industry by performing the following tasks, inter alia:
- Enhancing market discipline, promoting market development and encouraging constructive engagement with the regulator.
- Promoting professionalism.
- Enhancing high ethical standards.
- Fostering self-regulation.
- Keeping line of engagement with the regulator alive so that market vulnerabilities or any challenges can be adequately and timely addressed.
- Representing forex bureaus and money transfer companies and advocating for their interests.
About Us
Kenya Forex Bureaus Association was formed and registered on June 2011 with a primary goal of advocating the interests of members, promote new products and services and enhance profitability while encouraging members to uphold professionalism and remain compliant with Foreign Exchange Regulatory Polices and Guidelines….. More
Promoting and Enhancing Best Practice
To advocate the interests of members, promote new products & services and enhance Profitability while encouraging members to uphold professionalism and remain compliant with Foreign Exchange Regulatory policies and guidelines.
More Info On Our Role
While KFRA is owned and funded by its members, it is working on a number of initiatives that are meant to diversify its revenue base. Like any other organization, the board of directors play an oversight role of KFRA’s activities. The board has in turn delegated normal day to day managerial functions to a full time secretariat which is headed by a Chief Executive Officer.
To supplement the Secretariat’s capacity, the under-noted Board Committees, which are overseen by the Board of Directors, work closely with the Secretariat:
- Enhancing market discipline, promoting market development and encouraging constructive engagement with the regulator.
- Promoting professionalism.
- Enhancing high ethical standards.
- Fostering self-regulation.
- Keeping line of engagement with the regulator alive so that market vulnerabilities or any challenges can be adequately and timely addressed.
- Representing forex bureaus and money transfer companies and advocating for their interests.
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