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Pension industry seeks to flex its muscle in large State projects

Central Bank of Kenya (CBK) Pension Towers located along Harambee Avenue in Nairobi CBD on March 07, 2024. [Stafford Ondego, Standard]

Pension administrators have formed a consortium that will grant them a slice of capital-intensive projects with the aim of providing better returns for their members' savings.

The formation of the consortium is one of the major steps the sector players have taken as they seek to move away from the monotonous government securities, which have been noted to be unsustainable.

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