Kenya’s Pension Assets Hit a Record — but the State Leans Harder on Them

Kenya · Economy Key Facts —The total: Kenya’s pension assets reached about KSh2.81 trillion (about US$21.8 billion) at end-2025, up 24.57% year on year. —State exposure: About 52.14% — roughly KSh1.47 trillion (about US$11.4 billion) — is invested in government securities. —Record gains: Schemes posted KSh16.6 billion (about US$129 million) in capital gains in 2025.…