Post – Retirement Medical Fund This scheme, offered under defined contribution, defined benefit and hybrid fund arrangements, is designed to enable actively employed members to accumulate savings specifically for covering…
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 7.36% to settle at $10.47 billion (4.70 months of import cover). This was…
PROPOSED CHANGES TO PENSION PROVISIONS IN THE FINANCE BILL 2025 To sustain and strengthen ongoing pension reforms, the government of Kenya has proposed several strategic measures in the 2025 Finance…
Introduction An aging population poses a challenge to the sustainability of pension schemes. While this might not be a threat to the Kenyan population in the short term, the current…
Foreign Exchange Reserves The usable foreign exchange reserves increased by 1.68% to USD 9,374 million (4.8 months of import cover). This remains above the CBK’s statutory requirement to endeavor to…
Foreign Exchange Reserves The usable foreign exchange reserves increased by 3.85% to USD 9,219 million (4.7 months of import cover). This remains above the CBK’s statutory requirement to endeavor to…
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves increased by 2.03% to settle at $9.06 billion (4.60 months of import cover). This was…
Foreign Exchange Reserves The usable foreign exchange reserves decreased by 5.37% to USD 8,652 million (4.4 months of import cover). This remains above the CBK’s statutory requirement to endeavor to…
MONTH’S HIGHLIGHTS ECONOMIC INDICATORS Foreign Exchange Reserves During the month, the usable foreign exchange reserves decreased by 3.52% to settle at $8.88 billion (4.50 months of import cover). This was…
Foreign Exchange Reserves The usable foreign exchange reserves decreased by 0.38% to USD 9,143 million (4.7 months of import cover). This remains above the CBK’s statutory requirement to endeavor to…