Search

Kenya’s CPF Group Proposes Debt-to-Bond Conversion for Pension Arrears

  • CPF Group seeks to convert Ksh40 billion pension arrears into long-term bonds
  • The proposed bonds aim to ensure cash flow for growing retiree numbers and wealth management

 

Nairobi, Kenya – Kenya’s financial service provider, CPF Group, is seeking a debt-to-bond conversion for Ksh40 billion ($311.3 million) owed by the national government in pension scheme arrears.

Recent Business

Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Nigeria oil regulators resign amid corruption claims by Dangote
Read More »
A lorry park in Rwanda. Photo by Andreas @ Pixabay
Rwanda’s economy surges nearly 12% as construction and services power growth
Read More »
A view of Nairobi, Kenya. Photo @ Pixabay
African Development Fund secures record $11bn as donors back investment-led Africa
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights