Amidst recent Sacco collapses and significant financial losses for savers, the Sacco Societies Regulatory Authority (Sasra) is actively seeking a new Chief Executive Officer.

• Over Sh13.3 billion was lost due to mismanagement and fraud at Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO).
• Key organizations involved include Sasra and KUSCCO.
• The new CEO will be appointed on a four-year contract and must possess extensive experience in financial management and co-operative practices.

CIC Insurance Group has issued a profit warning, projecting a significant drop in net profit for the full year ending December 31, 2025.

• Projected net profit is Sh2.14 billion, a 25 percent decline from Sh2.85 billion recorded in the previous year.
• The dip is attributed to the non-recurrence of a large one-off gain from land revaluation in 2024 and elevated claims.
• Despite this projection, the Board expressed confidence in the Group's long-term strategy and capital strength.

SanlamAllianz Kenya has introduced a new income drawdown fund allowing retirees with substantial savings to access regular income while their remaining funds continue to grow.

• Retirees with at least Sh4 million in savings can now benefit from this flexible withdrawal option.
• The product is offered by SanlamAllianz Life Insurance Kenya, with Jacqueline Karasha highlighting its benefits.
• Unlike traditional annuities, this fund allows retirees to adjust withdrawal amounts annually and offers a minimum guaranteed return of 5 percent.

Kenyan farmers are increasingly turning to family and friends for loans, surpassing traditional financial institutions in providing credit. This shift highlights a growing reliance on informal lending networks to access agricultural finance.

• A significant portion of farmers now receive loans from family and friends, eclipsing loans from banks.
• Key stakeholders include farmers across Kenya and their immediate social circles.
• This trend suggests a potential gap in formal financial services catering to the specific needs of agricultural sector borrowers.