Barinaga, Oloko, Ruddick & Zapata Campos (2019) - Community Currencies as means of Local Economic Empowerment
Community currencies have emerged as a tool for building more inclusive local
economic development and governance. Grassroots organisations in Nairobi and
Mombasa (Kenya) have been experimenting with this form of local monies.
Communities in informal settlements in Kisumu have shown interest in introducing
their own community currency. Challenges remain concerning the best diffusion strategy of such grassroots monetary innovations among communities and local governments.
This policy brief focuses on how to involve residents, civil society, small entrepreneurs as well as local government officers and politicians so as to increase local representation and participation in this grassroots innovation.