Kenya Seeks to Boost Financial Health in New Strategy
Kenya has launched its first National Financial Inclusion Strategy (NFIS) 2025-2028, setting ambitious targets to close gaps in access..
✨ Key Highlights
Kenya has launched its first comprehensive National Financial Inclusion Strategy (NFIS) 2025-2028, shifting its focus from mere access to promoting financial health. The strategy aims to significantly improve the financial well-being of its citizens, despite high financial access rates.
- The NFIS targets nearly 40% of adults being financially healthy by 2028, a substantial increase from the current 18.3%.
- Spearheaded by the Central Bank of Kenya (CBK) and the National Treasury, the strategy involves a unified national framework for coordination.
- Key goals include raising insurance uptake from 15% to 50% and increasing formal savings from 68% to 75%, while addressing disparities in gender, rural-urban areas, and youth.
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Kenya Implements New Economic, Financial, and Trade Strategies - October 2025
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent to boost private sector lending and economic growth. This marks the eighth consecutive rate cut as inflation remains stable. Separately, Kenya has launched its first comprehensive National Financial Inclusion Strategy (NFIS) 2025-2028, shifting its focus from mere access to promoting the financial health of its citizens. The country is also intensifying efforts to boost agricultural exports to Europe and expand into African markets. This initiative aims to revive the horticultural sector through aligning product standards and eliminating non-tariff barriers.
