The Capital Markets Authority (CMA) of Kenya has approved new collective investment schemes and sub-funds, expanding investment options for local investors.

• Sh500 billion now represents the total assets under management in collective investment schemes.
• Wyckliffe Shamiah, Chief Executive Officer of the CMA, highlighted the increase in investor confidence.
• The newly approved funds include the Sanlam Special GBP Fixed Income Fund and the ALA Capital Collective Investment Scheme, which features various funds such as the ALA Balanced Fund and ALA Money Market Fund (USD).

Prudential Life Assurance Kenya has partnered with Standard Chartered Bank Kenya to offer up to Sh500 million in insurance coverage for affluent individuals, responding to the rising demand for personalized financial solutions.

• Sh2.6 billion in sum-assured sales achieved during the pilot phase of the product, named LivLife.
• Kariuki Ngari, CEO of Standard Chartered Kenya, emphasizes the shift towards whole-life solutions for legacy planning.
• The partnership also introduces Future Ready, a plan focused on securing education and retirement for middle- to upper-income earners.