By JAMES KARIUKIMore by this AuthorA Johannesburg-based international investment research and communications group has nominated Kenya’s Retirement Benefits Authority (RBA) for its 2017 top award. Judges consider how investments by various entities support the development of Africa’s capital markets, promotion of pension fund investments in Africa as well as stimulating increased pensions fund investments and membership. Africa investor (Ai) nominated RBA for the African Pension Fund Initiative of the Year award, which will be presented to the authority on September 18 in New York during the Ai CEO Institutional Investment Summit. We are facilitating reforms that have enabled pension schemes to invest in diversified portfolio of capital markets products,” she said. Currently, RBA is considering the possibility of pooled pension schemes’ investments in government-led infrastructural projects which could unlock local funds for public projects, thereby helping reduce government reliance on donor funds.

Source: Daily Nation September 17, 2017 11:15 UTC