Pension schemes slash share of the state debt

The bourse looks set to bounce back despite poll jitters. FILE PHOTO | NMG

Pension schemes have gradually but steadily been cutting stake in government debt since July coinciding with recent rally at the Nairobi bourse ahead of the August 8 poll.

The Central Bank of Kenya (CBK) numbers show the schemes have reduced holding of government domestic debt by Sh21.22 billion from mid-July through August 25 to Sh575.70 billion, or 27.1 per cent of the Sh2.12 trillion domestic debt.

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