Kenyans opt to invest, buy property as a retirement plan opposed to Pension schemes

Devolution and Planning CS Eugene Wamalwa with Nairobi Governor Mike Sonko during the commemoration event to mark the 90th anniversary celebrations of County Provident Fund (CPF) at City Hall. [Samson Wire]

A majority of Kenyans are now opting to invest in property as opposed to saving up for retirement through pension schemes.

According to a survey conducted by Infotrack, 90 per cent of Kenyans do not have an individual pension plan with the main reason being that there are no viable pension schemes that meet their needs.