Principal Secretary for Public Investments and Assets Management, Mr. Cyrell Odede Wagunda, has highlighted the pivotal role of pension funds in driving Kenya’s economic growth and social development.
Speaking at the inaugural Pan-African Pensions Conference organized by the Public Service Superannuation Fund (PSSF), Mr. Wagunda said the growing assets under management present a significant opportunity to finance strategic national priorities, including infrastructure, housing, green energy, and digital transformation.
“The pensions sector is not just about securing retirement income. It is a powerful engine for national development,” he said.
He urged pension trustees and fund managers to adopt robust governance, transparency, innovation, and digitization to protect member savings and enhance service delivery.
The PS emphasized the importance of diversified portfolios and risk management to ensure sustainable growth of pension assets.
Mr. Wagunda also reaffirmed the government’s commitment to sector reforms, enhanced oversight, and a secure investment environment that inspires confidence among contributors.
Uganda’s Minister of Public Service, Hon. Wilson Muruli Mukasa, addressed the conference, sharing insights that will guide deliberations, ahead of the keynote by Prime Cabinet Secretary Wycliffe Musalia Mudavadi.
The two-day conference brings together pension regulators, fund managers, policymakers, and investment specialists from across Africa, providing a platform for sharing best practices and strengthening cross-border partnerships in the pensions industry.
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