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Originally published by Techish Kenya
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October 7, 2025
8h ago

Sanlam Targets SMEs, Informal Sector with Akiba Plus Platform

Sanlam Targets SMEs, Informal Sector with Akiba Plus Platform

Sanlam Kenya launched Akiba Plus, a digital pension platform targeting individuals and SMEs to boost retirement savings and financial inclusion...

✨ Key Highlights

Sanlam Kenya has launched Sanlam Akiba Plus, a comprehensive digital pension platform aimed at addressing Kenya’s critical retirement savings crisis, particularly targeting SMEs and the informal sector.

  • Only 26% of Kenya's workforce saves for retirement, leaving millions financially vulnerable, with 7 out of 10 Kenyans struggling financially after retirement.
  • The platform offers four specialized pension products: Akiba Plus Personal Pension Plan (IPP), Akiba Plus Post-Retirement Medical Fund (PRMF), Akiba Plus Employer Umbrella Plan (UPP), and an NSSF Tier II Compliant Pension Plan.
  • All contributions feature capital protection guarantees and a minimum 5% return, managed under the Retirement Benefits Act.

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