Kenyan Financial Firms Launch Initiatives and Face Government Scrutiny - October 2025

Several developments are occurring in Kenya's financial sector. The Kenyan government has launched a formal inquiry into the financial affairs and management of Qona Sacco, formerly Safaricom Sacco, following member pressure over financial concerns. The probe, authorized by a gazette notice on September 29, 2025, will investigate the Sacco's by-laws and financial conditions. Meanwhile, KCB Group is prioritizing sustainable development by screening KES 578.3 billion in loans for environmental and social risks in 2024. Sanlam Kenya has also launched Sanlam Akiba Plus, a digital pension platform aimed at addressing Kenya's retirement savings crisis by targeting SMEs and the informal sector.