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NSSF interest on savings hits seven-year high as income triples


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. ....

Nairobi Area , Anthony Omerikwa , Sandeep Raichura , Board Of Trustees , Zamara Group , National Social Security Fund , Nairobi Securities Exchange , High Court , Zamara Actuaries , Consultants Limited , Covid 19 ,

Pensions holding in State bonds crosses historic Sh1 trillion mark


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. ....

Nairobi Area , Sandeep Raichura , Zamara Group , Central Bank , National Social Security Fund , Retirement Benefits Authority , African Community , Nairobi Securities Exchange , Share Index , East African Community , நைரோபி பரப்பளவு , சந்தீப் ரைச்சுரா , மைய வங்கி , தேசிய சமூக பாதுகாப்பு நிதி , ஓய்வு நன்மைகள் அதிகாரம் , நைரோபி பத்திரங்கள் பரிமாற்றம் , பகிர் குறியீட்டு ,