State-controlled National Social Security Fund (NSSF) wants to cap its exposure in government securities at about 60 percent of its total investment assets, potentially redirecting billions of shillings into equities and offshore investments.
The fund held Sh355.4 billion worth of Treasury bonds at the end of June 2025, accounting for 64 percent of its total investment assets of Sh558 billion. It also held Sh34.3 billion in Eurobonds and Sh1.57 billion in corporate bonds, bringing its total bond holdings to Sh391.25 billion or 70 percent of assets.
