Pension schemes move billions to NSE amid rally

Screen showing market trends at Nairobi Securities Exchange. 

Photo credit: File | Nation Media Group

Pension schemes have increased their bets on quoted equities, moving billions of shillings from government securities to the Nairobi Securities Exchange (NSE) amid rising share prices and falling bond yields.

Fresh data by the Retirement Benefits Authority (RBA) shows the pension schemes’ holdings of quoted equities rose by Sh130.51 billion to Sh443.35 billion in the six months to June 2026, representing a 41.72 percent increase from Sh312.84 billion in December last year.

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