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Saturday, December 6

Browsing: Retirement Benefits Authority (RBA)

Kenya has been operating a managed shilling than a free float currency, running a risk of making its exports more expensive in the short run as compared to competitors, eventually causing a reduction in export earnings and the economy’s growth, a report by Amana Capital has established. Reduced growth in revenue, employment and export earnings coupled with increased debt servicing commitments are the key threats facing Kenya’s economy

Is the Kenya shilling over valued? What experts think

Kenya 10.05.2019

The Kenya shilling is arguably the strongest currency among the East Africa Community (EAC) member states, giving the region’s economic…

Majority of Kenyans securing their old age by saving under retirement schemes are still exposed to tough times during sunset years, a survey has revealed. The study by pension fund administrator Zamara Group has revealed that though pension’s legislation in the country has improved the governance and operations of the retirement funds, it has done little to improve the coverage and adequacy of retirement benefits to individuals. Coverage of retirement schemes in Kenya has remained relatively low with less than 50 per cent of the formal sector covered and coverage of the much larger informal sector virtually non-existent.

Why most Kenyans suffer after retirement

Kenya 10.04.2019

Coverage of retirement schemes in Kenya remains below 50% Majority of Kenyans securing their old age by saving under retirement…