Between 2016 and 2024, Kenya’s financial inclusion rate rose from 27 percent to 85 percent, but financial health levels fell from 40 percent to 18 percent in the same period, exposing inclusion gaps and low financial literacy levels.

Now, Kenya’s first National Financial Inclusion Strategy (NFIS 2025-2028) aims to improve financial health by deepening the penetration of financial services, enhancing the usage of quality and affordable financial products, and strengthening consumer protection, market conduct, financial literacy and financial capability throughout the nation.

Launched on 4 December by the Central Bank of Kenya, at a ceremony which included the signing of the Women Entrepreneurs (WE) Finance Code, the NFIS seeks to promote collaboration, coordination, and cooperation among national stakeholders, and is anchored on six pillars:

• Deepen penetration of access to financial services
• Enhance the usage of quality and affordable financial products
• Strengthen consumer protection, market conduct and financial literacy
• Develop Inclusive Green Finance
• Promote rural agriculture finance
• Improve access to finance for women, PWDs, youth, MSMEs, the informal sector & FDPs

You can watch a presentation of the NFIS in the video below.