The Capital Markets Authority (CMA), Kenya Pension Funds Investment Consortium (KEPFIC) and Nairobi Securities Exchange (NSE) have signed a Memorandum of Understanding (MOU) to support infrastructure projects financing and development through the capital markets. This is expected to lead to the growth and deepening of the country’s capital markets.
The pensions sector regulator, the Retirement Benefits Authority, recently introduced infrastructure as a distinct investment category under the pension fund investment regulations. This allows pension funds to directly invest up to 10 per cent of their portfolio in the asset class, potentially unlocking approximately Ksh.140 billion for infrastructure investments.
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