Zamara Group chief executive officer Sundeep Raichura. FILE PHOTO | NMG
Pension scheme administrators want fresh products in the capital
markets to facilitate release of Sh1.2 trillion for public
infrastructure developments.
Zamara Group chief
executive officer Sundeep Raichura said the pensions sector was
agreeable to
investing funds in public projects that benefit Kenyans once the correct incentives and regulatory interventions are available.
investing funds in public projects that benefit Kenyans once the correct incentives and regulatory interventions are available.
“The
pensions industry has witnessed phenomenal growth in the last 15 years
where pension assets increased from Sh80 billion to Sh1.2 trillion. This
growth has had a positive impact on our national savings rate
contributing to our socio-economic development as a country,” Mr
Raichura said.
Speaking in Kisumu, he said
infrastructure bonds and private venture financing were among avenues
favoured by pension schemes. Kisumu Trade Co-operative and Marketing
executive Richard Ogendo said the county was partnering with a number of
pension schemes to put up affordable housing units.
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