Suvidha International Foundation, a California registered Non-Profit, successfully organised 3 run for Water events in 2023; 5,000 walk/run in Sacramento,
The fund paid an interest of 10 percent in the year to June last year, up from seven percent in a similar period a year earlier on the back of a 237 percent rise.
Pensions holding in State bonds crosses historic Sh1 trillion mark
Monday January 18 2021
By CONSTANT MUNDA
Summary
The returns-chasing funds doubled their investments in government securities in the six months to December 31, stashing in Sh133.33 billion compared to Sh52.29 billion in a similar period of the previous year an equivalent of a 154.98 percent jump.
The aggressive investment lifted retirement schemes’ holding to nearly Sh1.04 trillion as at end of last month from about Sh923.17 billion in June, the Central Bank of Kenya (CBK) statistics show.
This came at a time the Treasury tapped Sh309.57 billion through bonds and bills in the six-month period through last December, a climb of Sh147.72 billion, or 91.27 percent, compared with Sh161.85 billion in the July-December 2019 period.