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The proposed requirement is contained in the National Payment System Bill, 2026, prepared by the National Treasury and the Central Bank of Kenya (CBK) as the two institutions seek to replace the existing payments law with a broader framework for the sector.
The figure represented a 16.5 per cent increase from the Sh400.59 billion collected in 2024, according to the Insurance Regulatory Authority (IRA) 2025 Annual Insurance Industry Statistics.
Somalia has identified several sectors where it believes stronger ties with the EAC can support economic growth. They include agriculture, livestock, fisheries, manufacturing, tourism, financial services and transport and logistics.
The Kenya Artificial Intelligence and Other Emerging Technologies Policy, 2026, is the country's first comprehensive framework on AI. It comes as artificial intelligence becomes part of everyday services, including digital lending, hiring processes, healthcare, customer support and other digital platforms.
GCR attributed the upgrade to stronger capital quality following the successful conversion of the Group's debt into preference shares, improved capital adequacy, enhanced liquidity, and better underwriting performance.
The latest approvals, announced on Tuesday under Section 59(2) of the Central Bank of Kenya Act, come three months after CBK licensed 32 digital lenders in April 2026. The regulator said the move is part of an ongoing effort to ensure that digital lenders comply with legal requirements while safeguarding the interests of borrowers.
Hassan has likened SASRA's role in the Sacco industry to that of the Central Bank of Kenya in the banking sector.
Old Mutual Group Chief Executive Officer Arthur Oginga noted that changing customer expectations are also reshaping the role of financial advisers.
Britam Holdings PLC has announced the death of its chairman, Kuria Muchiru, who died on March 19, 2026 after a short illness in Kenya, prompting tributes for his decades of corporate leadership.