The Enwealth Umbrella Pension Fund significantly increased its assets under management by 49 percent to Sh1.056 billion in 2024, marking a strong performance in Kenya's retirement savings sector.

• The fund's assets grew from Sh724 million in the previous year, driven by improved equity and fixed-income returns.
• Kennedy Mwonyoncho, Director at Enwealth Financial Services, attributed the growth to prudent investment strategies.
• The Retirement Benefits Authority (RBA) reported total pension assets in Kenya are valued at Sh2.25 trillion, with pension coverage at approximately 26% of the working population.
• George Kamau, Portfolio Manager at ICEA Lion Asset Management, projected strong returns for 2025, supported by an anticipated 5.3 percent GDP expansion and appreciation of the Kenyan shilling.