Pensions offered Sh770bn investments

Pension funds cut their holdings in listed shares (equities) to an 11-year low of Sh145.1 billion. 

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Companies and funds have this year made pitches for investments worth Sh770 billion to local pension funds, eyeing a slice of the capital that the schemes are allowed to invest in alternative asset classes.

The Kenya Pension Funds Investment Consortium (Kepfic) says it received 57 infrastructure and alternative investment proposals from fund managers and project sponsors following a call for the same in December 2022, from which it shortlisted 19 for consideration from members.

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