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Cypriot crisis, a poser for Kenya’s financial system

The antenna for Kenya’s financial system must be hovering high up in the sky by now. This follows the unfolding financial crisis in Cyprus, a member of the European Union (EU) – a key trading partner for Kenya.

A $13 billion bailout has already been agreed between Cyprus and the EU and International Monetary Fund (IMF) as the country faces perhaps in worst crisis since the 1974 Turkish invasion.

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