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.

You need an active subscription to continue reading this article.

Recent Business

Cellphone with webpage of African bank Ecobank Transnational Inc. on screen in front of business logo. Focus on center of phone display
Ecobank Partners With XTransfer to Enable African Businesses to Pay for Chinese Imports in Local Currency
Read More »
breaking_news
Egypt Secures $100 Million Islamic Bank Financing to Boost Private Sector Growth
Read More »
breaking_news
Ghana’s Inflation Declines for First Time in Five Months
Read More »

Recent Politics

generic-1-1024x683
Ghana Names Asiamah as Central Bank Governor as Addison Retires
Read More »
breaking_news
ECOWAS to Maintain Trade Ties with Burkina Faso, Mali, and Niger
Read More »
Ethiopia, Tigray Valley, day life
Cash Withdrawals Surge in Tigray Amid Instability Fears
Read More »

Latest Posts

Latest news insights