Kenya’s NSSF Pension Assets Surge 22% to Sh402 Billion

• Pension assets rise driven by increased contributions under Ruto administration
• NSSF maintains conservative investment strategy, heavily weighted in government securities

Nairobi, Kenya – Kenya’s National Social Security Fund (NSSF) has seen a significant boost in its pension assets, largely due to increased contributions introduced by President William Ruto’s administration. As of June 2024, the NSSF’s pension assets surged to Sh402 billion ($3.13 billion), a 22% rise from Sh328.1 billion ($2.56 billion) in December 2023, according to the latest data from the Retirement Benefits Authority (RBA).