Kenya: Retirement Body in List for Top Award in Africa
A Johannesburg-based international investment research and communications group has nominated Kenya’s Retirement Benefits Authority (RBA) for its 2017 top award. The Ai Capital Market Index Series Awards look at Africa’s best bourses and the role played by individual pension regulatory agencies in promoting investments within their countries.
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.
RBA’s acting chief executive Nzomo Mutuku said in a statement that Kenya had been recognised for its innovative role in redefining the pensions’ space that enabled schemes to invest in real estate, government bonds and at the Nairobi Securities Exchange.
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