DEFINED BENEFITS FUND PERFORMANCE

The overall Fund return on investment for the third quarter ended 30th September 2024 stood at 0.4% compared to a return of 1.8% recorded in the second quarter ended 30th June 2024. The Fund value reduced from Kshs 14.7 billion as at 30th June 2024 to Kshs 14.4 billion as at 30th September 2024 due to high Benefits pay out during the period.

Outlook

According to the Central Bank of Kenya, the economy is expected to perform better, leaving behind months of electioneering and uncertainty. However, though Kenya’s economy has been resilient, the multiple recent shocks depict the urgency of improving social protection mechanisms to cushion the most vulnerable households. Against fiscal challenges, persistent inflationary pressures, unpredictable weather patterns, and challenges emanating from global factors, indicators still point to softer but gradual economic recovery.

Outlook