The Kenya National Financial Inclusion Strategy (NFIS) for 2025-2028, is a comprehensive government plan to enhance financial access, usage, quality, and impact across the country. This strategy is anchored on six pillars, including - deepening service penetration, enhancing quality and affordability, strengthening consumer protection and financial literacy, promoting green finance, fostering rural agriculture finance, and improving access for vulnerable populations like women, youth, and MSMEs. The NFIS aims to address persistent gaps in financial health, which remains low despite high access rates largely driven by mobile money, and is structured with a robust governance model, implementation plan, and monitoring framework. It acknowledges Kenya’s progress in financial technology and existing regulatory frameworks but emphasises the need for a coordinated, national approach to achieve the country's Vision 2030 development goals.

Kenya National Financial Inclusion Strategy (2025-2028), Government of Kenya + Central Bank of Kenya, Website

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Welcome to today's insightful discussion into the evolving landscape of digital finance in Kenya. We're focusing on the Virtual Assets Service Providers Bill, 2025, a pivotal legislative proposal published on March 17, 2025, and subsequently introduced to the National Assembly on April 8, 2025.

This Bill's core objective is to establish a comprehensive legal framework for licensing and regulating virtual asset service providers in Kenya. It specifically aims to address and mitigate the potential risks associated with the misuse of virtual asset products and services. The legislative effort designates the Capital Markets Authority and the Central Bank of Kenya as the primary regulatory authorities for virtual asset services and providers. The Departmental Committee on Finance and National Planning, responsible for considering this Bill, has already invited public participation and received numerous memoranda, ultimately recommending its approval with amendments.

Reference material from the Kenya Gazette Supplement No. 53 (National Assembly Bills No. 15)

National Assembly. (2025, March 17). The Virtual Assets Service Providers Bill, 2025. The Government Printer. Website URL

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