Yearly Archives: 2024

KWFT  is delighted to announce its recognition at the 2024 SFI Catalyst Awards, held on 20th November 2024 at the Radisson Blu Hotel, Upper Hill, Nairobi.

The SFI Catalyst Awards organized by the Kenya Bankers Association (KBA) brought together industry leaders, policymakers and stakeholders to discuss strategies for advancing sustainable finance within the banking sector. There was representation from the National Treasury, KBA, IFC, GIZ and the event was well attended by member banks of Kenya Bankers Association.

Mr Kariuki Kitabu Ag Managing Director was accompanied to the event by GM Marketing – Juliana Wanjiru, GM Human resources – Carol Mungai and Senior Manager Strategy – Vanesa Otonda.

KWFT secured the 2nd position in the Promoting Gender Inclusivity category. This award celebrates financial institutions that demonstrate a strong commitment to gender parity through policy formulation and implementation. KWFT was recognized for its exceptional efforts in empowering women to participate formally in the financial services sector, both in the workplace, marketplace and the community.

KWFT’s achievement at the 2024 SFI Catalyst Awards reaffirms its unwavering commitment to advancing gender equity and sustainability. Through innovative financial solutions, KWFT continues to empower women across Kenya, enabling them to create wealth, build sustainable businesses and improve their livelihoods.

KWFT Bancassurance Intermediary Limited signed a Memorandum of Understanding (MoU) with the Advocates Benevolent Association (ABA), the welfare association for members of the Law Society of Kenya (LSK). This partnership ceremony took place on 8th November 2024, marking a new chapter of collaboration aimed at providing last expense coverage to ABA members.

The event was attended by senior representatives from both organizations led by Ag Managing Director KWFT Kariuki Kitabu, Senior leadership management: Jackline Ogero, Rose Muyanga, Juliana Wanjiru, Dolly Nyambura and Legal Officer Javan Oduwo. ABA was represented by their Chairman, Mr. Byron Menezes, along with two members of the ABA secretariat Esther Muriuki and Felix Owino who attended to witness this occasion.

 Through this partnership, KWFT Bancassurance Intermediary Limited will extend last expense insurance coverage to ABA members, providing financial support to their families during times of bereavement. This service will be available at favorable rates, ensuring ABA members can access high-quality insurance products tailored to their unique needs. The last expense coverage will offer a dignified level of security for families, alleviating the financial strain often associated with unforeseen eventualities.

This partnership underscores KWFT Bancassurance’s commitment to ensuring that all clients, including ABA members, are well-prepared for life’s inevitable transitions.

October 24, 2024 Ag KWFT MD Kariuki Kitabu welcomed Thomas Thompson Essel, Secretary General of the African Rural and Agricultural Credit Association (AFRACA) for a courtesy visit. As a member of AFRACA, KWFT has long partnered with the association to drive innovative financial solutions that benefit rural and agricultural communities across Kenya. This visit highlighted the ongoing collaboration between KWFT and AFRACA in promoting financial inclusion for smallholder farmers and underserved populations.

This visit reaffirms KWFT’s dedication to its mission of empowering rural communities through tailored financial services. With AFRACA’s support, KWFT continues to play a key role in transforming the agricultural sector and contributing to the economic empowerment of rural Kenya.

As part of Customer Service Week celebrations, Ag Managing Director Kariuki Kitabu made a special visit to the River Road branch which is one of KWFT’s Nairobi-serving branches. The visit showcased KWFT’s commitment to staying connected with its customers and providing exceptional support.

Several customers who visited the branch had the opportunity to engage with Mr. Kariuki, sharing their experiences, challenges and aspirations for their businesses. Mr. Kariuki reiterated KWFT’s unwavering dedication to helping its clients grow their businesses and improve their lives through tailored financial solutions.

“KWFT is dedicated to ensuring our clients have the tools and services they need to thrive in business,” said Mr. Kitabu. “We remain committed to supporting entrepreneurs and individuals as they build better futures for themselves and their communities.”

KWFT is focused on maintaining strong relationships with its customers and continuing to deliver impactful customer-centered services.

On October 11th, KWFT hosted a delegation from AAR Insurance, led by their Group Chief Executive Officer (GCEO) Justine Kosgei. Accompanied by two relationship managers, the AAR team visited to reinforce the ongoing collaboration between AAR Insurance and KWFT. AAR Insurance, an underwriter for KWFT, has been instrumental in providing critical insurance solutions to KWFT’s clients and staff. This visit was in observance of customer service week.

The delegation was received by Ag Managing Director Kariuki Kitabu, Director Credit Admin Jackline Ogero and General Manager Human Resources Carol Mungai. This collaboration underscores the importance of SDG 17: Partnerships for the Goals and SDG 3: Good Health and Well-Being providing both institutions an opportunity to highlight the importance of their partnership in delivering health and financial security solutions to the communities they serve.

This visit underscored KWFT and AAR Insurance’s shared commitment to serving their customers with excellence and working together to build a healthier and more secure future for all.