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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.

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