Social and economic impacts of pension schemes in Kenya

The Fund's CEO Dr Jonah Aiyabei gave the keynote address at GenAfrica's 7th Annual Investment Conference. Dr Aiyabei spoke on the social and economic impacts of pension schemes in Kenya.

The pensions industry has a 25 per cent coverage with 3.5 million Kenyans actively contributing towards a retirement benefits programme, with 1075 registered pension schemes.

By providing a regular income stream to retirees, pension schemes help to alleviate poverty among the elderly population and provide individuals with a source of income in retirement.