Pension funds participation in market drops

Absa Bank Kenya

Absa head office in Westlands, Nairobi. 

Photo credit: File | Nation Media Group

Pension schemes cut investment in securities on Covid-19 disruptions, blunting local investor stake in the economy and making Kenya slip four positions in an index that ranks countries’ financial market attractiveness.

The Absa Africa Financial Markets Index 2021 shows that reduced pension investment saw Kenya lost 17 points in the index that measures local investor capacity.

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Note: The results are not exact but very close to the actual.