Pension funds target roads PPP projects
Market News
Pension funds target roads PPP projects
Wednesday December 08 2021
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG
By ELIZABETH KIVUVA
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Summary
- The law allows a fund to invest up to 10 percent of its portfolio in infrastructure and other asset classes.
- Local pension funds, the World Bank and the US have been working over the past few years to introduce infrastructure as an investable asset class to Kenyan institutional investors.
- Pension schemes are already a key source of cash for public projects in countries such as Brazil, Colombia, Mexico and Chile.
A consortium of 18 pension funds is seeking to invest up to Sh30 billion in public projects through the public-private…
