The Online Kenyan Logo

The Online Kenyan

T
Originally published by The Standard Business
📰 Read Full Article
October 7, 2025
3h ago

New push for pension funds in the region to pool resources

New push for pension funds in the region to pool resources

A task force from pension funds in Kenya, Uganda and Tanzania is expected to provide pathways for how domestic resources can be mobilised across borders for development purposes...

✨ Key Highlights

A new regional task force comprising delegates from pension funds in Kenya, Uganda, and Tanzania has been formed to explore avenues for mobilizing domestic resources across borders for development projects. This initiative aims to pool pension fund investments for large-scale infrastructure in East Africa.

  • The task force includes Kenya's NSSF and the Public Service Superannuation Scheme (PSSF), alongside NSSF Uganda, NSSF Tanzania, PSSF Tanzania, and the Workers Compensation Fund (Tanzania).
  • Patrick Ayota, Managing Director of NSSF Uganda, highlighted the need for regional pension funds to invest collectively, citing NSSF Uganda's plan to invest Sh156 billion (USD 41.2 million) in the Kampala Jinja Expressway.
  • The initiative seeks to reduce reliance on foreign funding, with Ayota noting that domestic savings rates in the region lag behind Asian economies like South Korea, China, and Vietnam, which average around 27%.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

MPs in New Push for Inmates to Have Conjugal Visits
top3w ago

MPs in New Push for Inmates to Have Conjugal Visits

Members of Parliament in Kenya are renewing efforts to introduce conjugal visits for inmates as part of broader prison reforms. The push comes from the Parliamentary Committee on Constitutional Implementation Oversight (CIOC), which views conjugal rights as vital for human dignity and rehabilitation.

K
Kenyans
📰 Read Full Story
Ruto in New York for UN talks and finance reforms push
Video

Ruto in New York for UN talks and finance reforms push

C
Citizen TV (Youtube)
2w ago
Economists push for increased resources in youth entrepreneurship.
Video

Economists push for increased resources in youth entrepreneurship.

K
KTN News (Youtube)
1d ago
Testing the new IEBC: The commission prepares for upcoming by-elections in November
Video

Testing the new IEBC: The commission prepares for upcoming by-elections in November

K
KTN News (Youtube)
4w ago
The missing link in push for electric bikes' uptake
1w ago

The missing link in push for electric bikes' uptake

Despite a push for electric motorcycle adoption in Kenya, the idea is still novel, particularly in public transport, even though recent data claims electric boda boda operators make significantly more profit than those using petrol-powered bikes. Asset financiers like Watu Credit are scaling down financing for petrol-powered motorcycles and expanding their electric vehicle portfolios, aiming for 5,000 electric vehicles by 2025.

T
The Standard Business
📰 Read Full Story