Pension funds’ stake in bonds, equities up 33pc

The RBA attributed the growth in assets to a stable macroeconomic environment, pointing to a mix of a stable exchange rate, favourable interest rates, and mild inflationary pressure.

Photo credit: Shutterstock

The value of bond and equities holdings by pension funds rose by 33 percent or Sh398.1 billion in the year to June 2025, fuelled by capital gains and higher contributions by scheme members.

Latest data from the Retirement Benefits Authority (RBA) shows that the schemes’ bond holdings rose by Sh318.1 billion to Sh1.33 trillion, while equities investments were up by Sh80.2 billion to Sh255.2 billion.

PAYE Tax Calculator

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