The proposed amendments by the Association of Pension Trustees and Administrators of Kenya (APTAK) signal a progressive shift in the evolution of Kenya’s retirement benefits […]
Proposed Pension Reforms to Enhance Growth and Member Protection
[ad_1] The proposed amendments by the Association of Pension Trustees and Administrators of Kenya (APTAK) signal a progressive shift in the evolution of Kenya’s retirement benefits sector. The reforms are designed to enhance investment flexibility, strengthen oversight, and ultimately improve retirement outcomes for members while supporting broader economic growth. One of the key proposals focuses on expanding the range of investment options available to pension schemes. Currently, retirement funds tend to be heavily concentrated in traditional asset classes such as government securities and bank deposits. The proposed changes seek to reduce this concentration and allow greater allocation to alternative investments…
Kenya Met Warns of Heavy Rains in Western, Rift Valley & 3 Other Regions This Weekend
[ad_1] The Kenya Meteorological Department has warned Kenyans in several parts of the country to prepare for moderate to heavy rainfall for the next five days, from Friday, March 27, to Tuesday, March 31. In its advisory issued on Friday, March 27, Kenya Met indicated that heavy rains were expected in Central Kenya, Western, the Lake Victoria Basin, the Rift Valley, and Northeastern Kenya. Counties likely to experience significant rainfall in the Western region, Rift Valley, and Lake Victoria Basin include Siaya, Kisumu, Homa Bay, Migori, Kisii, Nyamira, and Trans Nzoia. Others are Baringo, Uasin Gishu, and Elgeyo Marakwet, with…
EACC Arrests Kilifi Revenue Officer for Demanding Ksh435,000 Bribe in Watamu
[ad_1] The Ethics and Anti-Corruption Commission (EACC) has arrested a Kilifi County Revenue Collection Officer, caught demanding a Ksh435,000 bribe. The suspect, according to the EACC, is a building inspector attached to the approvals section in Watamu Municipality, who allegedly solicited bribes to facilitate construction approvals. EACC reveals that a complainant reported that county officials visited a construction site in the Timboni area and demanded Ksh73,000 for wall construction. An additional payment of Ksh362,000 was also sought for other structures, an amount that, according to EACC, was deliberately inflated for financial gain and exploitation. A police car at a crime…
Proposed Pension Reforms to Enhance Growth and Member Protection
[ad_1] The proposed amendments by the Association of Pension Trustees and Administrators of Kenya (APTAK)…
Kenya Met Warns of Heavy Rains in Western, Rift Valley & 3 Other Regions This Weekend
[ad_1] The Kenya Meteorological Department has warned Kenyans in several parts of the country to…
EACC Arrests Kilifi Revenue Officer for Demanding Ksh435,000 Bribe in Watamu
[ad_1] The Ethics and Anti-Corruption Commission (EACC) has arrested a Kilifi County Revenue Collection Officer,…
