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The President said Africa has more than $2 trillion in domestic non-bank capital, including more than $1 trillion in pension and insurance assets, but much of this money is not reaching projects that need long-term financing.
Speaking at the “Africa We Build” high-level roundtable in New York on September 21, 2026, Ruto said Africa’s challenge was no longer a shortage of capital, but the rules determining where the money can be invested.
Kenya Re Head of Marketing Sally Waigumo said Takaful's emphasis on mutual assistance and shared responsibility could provide an alternative approach to insurance, particularly for communities exposed to economic and climate-related risks
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.
The results represent an early performance milestone under Britam's ASCEND 2026–2030 strategy, which seeks to drive sustainable growth, strengthen innovation and respond more effectively to changing customer needs
The company attributed the improvement to a recovery in insurance profitability, growth in asset management, tighter cost controls and improved management of its investment portfolio
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.
Speaking on Radio Generation on Thursday, he said the continued growth of SACCOs reflects their ability to address gaps that other financial institutions have been unable to fill.
The new platform, developed through partnerships with insurance firms and technology providers, is intended to provide importers and clearing agents with a digital system for obtaining marine cargo insurance certificates and processing cargo documentation.
Figures released by the Policyholders Compensation Fund (PCF) show that 2,146 claims were paid during the financial year ending March 31, 2026, bringing relief to thousands of former customers whose insurers either collapsed or were unable to meet their obligations.
The resolutions were passed during Equity Group Holdings Plc's 22nd Annual General Meeting (AGM), held electronically on Wednesday, where shareholders also approved plans to expand the group's insurance business into Kenya and the Democratic Republic of Congo (DRC).
The platform converts satellite imagery, climate data, and mobile usage information into financial profiles that allow previously excluded farmers to access formal financial services