Kenya Introduces VASP Bill for Crypto and Embraces Fintech for Insurance Amid Technological Disruptions - August 2025

Kenya is set to strengthen its position in digital finance with the introduction of the Virtual Asset Service Providers (VASP) Bill, 2025. This legislation is designed to create a clear regulatory framework for the country's cryptocurrency ecosystem, aiming to build trust and protect consumers. In parallel, Kenya's insurance market is shifting due to new fintech-powered initiatives making affordable coverage available to historically excluded groups like smallholder farmers and gig economy workers. This move seeks to embed insurance into everyday transactions to address the nation's low insurance penetration. These technological disruptions are reshaping corporate agendas, requiring boards in Kenya to shift from traditional governance to strategic foresight. Boards must now navigate a Volatile, Uncertain, Complex, and Ambiguous (VUCA) world shaped by economic turbulence and rapid technological change.