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Counties owe pension funds Sh26b, says budget boss

Counties owe pension funds Sh26b, says budget boss
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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Laptrust, Lapfund to hold talks to end merger standoff

Laptrust, Lapfund to hold talks to end merger standoff
Wednesday March 10 2021
Nairobi Senator Johnson Sakaja addressing the press outside Parliament buildings on April 8, 2020. PHOTO | SILA KIPLAGAT | NMG
By PETER MBURU
The law merges all pension schemes covering county government workers including the County Pension Fund (CPF).
But court battles have hindered the consolidation of the pension schemes, leaving them running independently.
On Wednesday, the two schemes, the Retirement Benefits Authority (RBA) and the Kenya County Government Workers Union (KCGWU) appeared before Senate’s Labour Committee where they expressed willingness to engage in discussions to end the standoff.
However, the stakeholders said they would only participate in talks led by a third party and on neutral grounds. ....

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Pension industry funds vital in infrastructure development

THE STANDARD
OPINION
Joseph Rono-Director for Strategy, Finance and Investments at CPF Financial Services.
In its quest to become a newly industrialised middle income earner and eradicate poverty by 2030, Kenya has embarked on massive investment projects.
Infrastructure development, one of the foundations under which Vision 2030 is anchored, saw the rollout of gigantic infrastructural projects, key among them the Standard Gauge Railway (SGR), the Lapsset project and expansion of the ports and international airports. All these aimed at opening up Kenya to international markets, positioning itself as a key financial hub in sub-Saharan Africa.
Historically, infrastructure development in Kenya has been financed exclusively by the government through the exchequer or blended with funding from development partners. In recent years, the government has also issued infrastructure bonds specifically designated for big projects. Increasing constraints on public finances a ....

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Pension industry funds vital in infrastructure development

Pension industry funds vital in infrastructure development
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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Athletes' symposium will be main focus as sponsors support Soya event : The standard Sports

Soya founder Paul Tergat said: “I wish to pay tribute to our partners for seeing beyond the challenges and indeed, the adversity of Covid-19 and sharing their little resources towards making the Soya 2020 recognition awards and sports symposium possible.”
Soya panel chairman Chris Mbaisi noted that this year’s event will be different from the previous one mainly because many sports men and women were barred from sports participation due to the pandemic.
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“The event will be different from previous as we shall not be rewarding top performances in area of sport but rather recognising efforts and possibilities during the year 2020, because sports is a resilient human endeavour, we shall host a sports symposium and a gala night to honour a few people who made an effort to overcome adversity,” Mbaisi said. ....

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