Equity has approved the establishment of new insurance units as part of its expansion plans in Kenya and the Democratic Republic of Congo (DRC). In Kenya, the company will create a microinsurance firm with a capital base of Sh192 million. In the DRC, Equity plans to launch a life insurance company with an initial capital of $12 million and a general insurance company with a capital of $13.37 million.

Kenya's smartphone financing market is transforming the delivery of insurance products to consumers, particularly benefiting low and middle-income households that have traditionally faced barriers due to high premiums and limited awareness. Digital phone financing providers are now incorporating life and medical insurance into device repayment plans, thereby expanding access to these essential services, according to Sharp Daily.

Jubilee Health Insurance is introducing an instalment payment model in Nairobi to make health insurance more accessible to uninsured Kenyans. The company believes that the payment structure, rather than the overall cost, is a significant barrier for many individuals seeking health coverage. This initiative aims to help those who desire insurance but find it difficult to pay upfront costs.

Jubilee Group is collaborating with BimaLab, an insurtech accelerator from FSD Africa, to create and test new insurance products specifically designed for low-income consumers and small and medium-sized enterprises (SMEs). This initiative aims to address one of the largest untapped segments in East Africa's financial sector, highlighting a trend of cooperation between established insurance companies and startup ecosystems.

Technology services company TeKnowledge is expanding its operations in Rwanda by introducing services in artificial intelligence, cybersecurity, and digital skills development. This move aims to enhance technological capabilities in the region.

The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with Rwanda’s Capital Markets Authority (CMA) to enhance cooperation and promote the integration of African capital markets. During the signing ceremony in Abuja, SEC Director-General Dr. Emomotimi Agama emphasized the importance of increased collaboration among African markets.