Author Archives: MeAtcLOUD

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.

KWFT staff from various regions enthusiastically celebrated Customer Service Week in their offices, dressed in vibrant African wear that symbolized unity and cultural pride. This provided an opportunity to recognize staff for their dedication and commitment to providing financial solutions to the communities.

The celebrations featured a special cake-cutting ceremony with customers to mark the occasion and appreciate them for banking with KWFT.

KWFT reaffirms its commitment to continue serving its customers through its branch network of 190 branches across 45 out of 47 Kenyan counties, delivering financial services that empower individuals and communities.

On 25^th and 26^th September the Association of Microfinance Institutions of Kenya (AMFI-K) hosted FINCON 2024 themed ‘Enhancing Financial Inclusion – Bridging Economic Opportunities and Outcomes’. This brought together key players in the microfinance sector for a vibrant discussion on advancing financial inclusion and addressing the economic disparities in Kenya. The event, held at the Central Bank of Kenya Institute of Monetary Studies, saw the participation of local and international stakeholders, including financial service providers, investors, government regulator and development partners.

AMFI-K Chairman, Oscar Murigi presided over the conference. In attendance were AMFI-K CEO, Caroline Karanja and AMFI-K Board among them being KWFT Ag. Managing Director Kariuki Kitabu. Other esteemed guests were Ronald Inyangala, a representative from the National Treasury and Economic Planning, Amb. Gunnar Andreas Royal Norwegian Embassy in Nairobi. Other partners present included Kenya Development Corporation (KDC), Water.org, AGF, FSD Kenya and KMRC.

At the core of the discussions was how financial services can directly impact the most vulnerable communities, enabling access to credit, savings, insurance and other essential financial products. With the challenges faced by those at the bottom of the pyramid in mind, the conference addressed the role of innovation and digital platforms in creating opportunities for these individuals, while also emphasizing the importance of financial literacy programs. These programs aim to equip marginalized communities with the knowledge and skills to fully engage in both traditional and digital financial ecosystems.

Mr. Kariuki Kitabu, was a keynote speaker. In his address he highlighted KWFT’s innovative framework and its grassroots-level approach to microfinance, emphasizing how KWFT’s tailored financial services have uplifted the economic well-being of women, families, and entrepreneurs across Kenya. His speech also showcased KWFT’s continuous efforts to ensure that the most underserved communities have access to life-changing financial products.

The conference concluded with an inspiring address by Hon. Susan Mang’eni, Principal Secretary of the State Department of MSMEs, who reiterated the government’s commitment to supporting microfinance institutions as an essential vehicle for raising livelihoods at the grassroots. She acknowledged the crucial role that microfinance plays in empowering MSMEs, which in turn contributes to the country’s overall economic growth.

The key takeaway from the event was the necessity of combining innovation with targeted inclusion strategies to create a financial ecosystem that can withstand future challenges while promoting economic resilience for Kenya’s most vulnerable citizens.