Kenya: Pension funds fail to beat inflation during 2022
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Pension savers are staring at an erosion of their funds after returns from investments plunged below the rate of inflation last year due to underperforming equities and offshore assets.
1M | 3M | YTD | 1Y | 2Y |
-2.50% | -7.44% | +18.36% | +1.71% | -6.72% |
Value Traded (Mln KES) 182.09 |
Volume 9,147,600 |
Transactions - |
Market Cap. (Bln KES) 1,617.21 |
Pension savers are staring at an erosion of their funds after returns from investments plunged below the rate of inflation last year due to underperforming equities and offshore assets.
A month after indicating it was on its way to re-join The East African Capital Markets Infrastructure Project, Kenya has tabled new conditions for that to happen. It is demanding fresh procurement of a software that would link regional stock markets, besides asking for clarity from the East African Community Secretariat on the modalities of financing maintenance of the system.
The weakening of the shilling and falling blue chip stock prices have left the Nairobi Securities Exchange (NSE) at a disadvantage against African peers in the race for limited foreign investor dollars, dampening hopes of a recovery this year for the depressed market.
Investors bought shares worth Sh4 billion at the Nairobi Securities Exchange (NSE) on the new day-trading platform in 2022, representing 2.13 percent of the total deals made in the year as the invention struggled to spark interest.