UK Moves to Unlock Kenya’s Ksh3.1T Pension Wealth in $12 Billion Plan

Kenya’s Ksh 3.1 trillion pension industry could become a major source of funding for infrastructure and businesses under a new investment strategy by British International Investment (BII), as the UK-backed financier seeks to draw more private money into Africa.BII is looking to change how development projects across the continent are financed by bringing domestic institutional investors, particularly pension funds, into projects that have traditionally depended heavily on government funding and development finance institutions.