This archive report was first published on 11 July 2019.
On July 11, 2019, pension scheme administrators in Kenya called for fresh investment products in the capital markets to facilitate the release of Sh1.2 trillion for public infrastructure development.
According to Zamara Group chief executive officer Sundeep Raichura, the pensions sector is agreeable to investing funds in public projects that benefit Kenyans once the correct incentives and regulatory interventions are available.
Mr Raichura noted that the pensions industry has witnessed phenomenal growth in the last 15 years, with pension assets increasing from Sh80 billion to Sh1.2 trillion.
He added that infrastructure bonds and private venture financing are among the avenues favoured by pension schemes.
Speaking in Kisumu, Mr Raichura said that the county is partnering with a number of pension schemes to put up affordable housing units.
