This archive report was first published on 29 October 2021.
On October 29, 2021, the Kenya Pension Funds Investment Consortium (KEPFIC) announced plans to deploy over Sh250 billion in the next five years to fund infrastructure development in the country.
KEPFIC has partnered with the Nairobi Securities Exchange (NSE) and the Capital Markets Authority (CMA) to mobilize the funds.
The partnership aims to utilize available capital markets products such as green bonds, asset-backed securities, and Real Estate Investment Trusts (REITs).
KEPFIC Chairman Sundeep Raichura stated, "This partnership will enhance the transparency and liquidity of our members' investments as well as pave the way for collaborative stakeholder engagements and capacity building initiatives pertaining to alternative assets in the capital markets."
NSE Chief Executive Geoffrey Odundo emphasized the partnership's potential to deepen the growth of the capital markets.
CMA Chief Executive Wycliffe Shamiah challenged the industry to take advantage of the new pension fund investment regulations to fund the country's growing infrastructure needs.
According to Shamiah, Kenya's infrastructure financing requires support, with a deficit of around $2.1 billion or Sh231 billion annually, as noted by the World Bank.
